Evolv Technologies, Inc., a Wayland, MA-based company that will commercialize new metamaterials-based imaging and detection technology for use in airports and other high-risk facilities, raised $11.8m in funding.
Backers included Bill Gates, Lux Capital, General Catalyst, and Osage University Partners. Bilal Zuberi, partner at Lux Capital, will join Evolv’s board.
The company intends to use the funds to further development its imaging technology.
Spun out by Intellectual Ventures (IV) and led by security imaging industry veteran Mike Ellenbogen, Evolv will sell and license its portfolio of intellectual property, which was invented by IV in partnership with Duke University’s Center for Metamaterials and Integrated Plasmonics.
FinSMEs
30/08/2013