Metalenz, the market leader for metasurface optics for high-performance 3D sensing solutions, has announced the closing of a US$30 million Series B, led by Neotribe Ventures. The funding will be used to meet the growing demand for the company’s existing 3D Sensor metasurface optics while simultaneously accelerating the market introduction of its revolutionary new polarization sensing solution, PolarEyes. The round also saw participation from Foothill Ventures, M Ventures, Intel Capital, Osage University Partners, TDK Ventures, 3M Ventures, Global Brains, SG Innovate, Baidu Ventures, Hegemon Capital, and Braemar Ventures.
Latham & Watkins LLP has represented Metalenz since incorporation and represents Metalenz in the financing with an emerging companies team led by Boston partner Dan Hoffman, with Boston associate Magda Farhat and New York associate Lauren Hanna. Advice was also provide on tax matters by Chicago partner Rene de Vera; on benefits and compensation matters by Boston partner Josh Friedman; on intellectual property matters by Washington, D.C. counsel Kieran Dickinson; and on regulatory matters by Washington, D.C. counsel Ruchi Gill.