ITHCA Group and Amazon Invest in Programmable Optics Company Lumotive

Programmable Optics Company Lumotive, led by Sam Heidari, Ph.D.

(CEO), Gleb Akselrod, Ph.D.(CTO and Founder), Apurva Jain, Ph.D.(VP of Product and Customer Success), Axel Fuchs, Ph.D.(VP of Business Development), Rakinder Grover(VP of Finance and Partnerships) and Diane Krzysik(VP of Human Resources) announced investments from Amazon Industrial Innovation Fund and ITHCA Group. The investments by Amazon and ITHCA Group, together with financing by Stifel Bank, expand the company’s Series B-related funding and add to previous investments from EDOM, East Bridge, Gates Frontier, Grazia, HiMax, Hokuyo, MetaVC Partners, Quan Funds, Swisscom Ventures, and TSVC.

Backed by the Amazon Industrial Innovation Fund, Lumotive replaces bulky mechanical optics with a fully digital, software-defined semiconductor platform. Its LCM™ technology enables compact, intelligent perception systems for next-gen factories, robots, and logistics networks—signaling strong confidence in Lumotive’s role in shaping the future of industrial automation.

The investment from ITHCA Group, Oman’s sovereign tech fund, aligns Lumotive’s breakthrough technology with the country’s digital transformation goals. As Oman advances smart infrastructure and AI initiatives, the partnership positions both parties to capitalize on regional momentum and global innovation.