Metamaterials and Computational Imaging: Our latest investment in Evolv Technologies

August 29, 2013

At Lux Capital we pride ourselves in backing great entrepreneurs working on important and relevant problems. I’ve written before that great entrepreneurs pursue problems they can relate to, and build great companies in those spaces.

Security and safety have become an increasingly important consideration in our daily lives. Against formidable foes, individual and organized, that sadly seek to harm innocent people, technology remains our friend—to identify those people and catch them before they can carry out their nefarious plans.

Today we announce our latest investment in Evolv Technologies ($11.8m Series A) to help keep people safe everywhere. And I am proud to join its Board of Directors and partner again with a longtime friend, serial entrepreneur and industry veteran Mike Ellenbogen.

metamaterials

After achieving success with Reveal Imaging and staying abreast of both real-time threats and the evolution of cutting-edge technologies to address them, Evolv was formed by Mike, based on intellectual property from Duke University and Intellectual Ventures.

Evolv is commercializing breakthrough security & imaging solutions based on technical innovations in the field of metamaterials and compressive sensing/imaging.

This is Lux Capital’s second investment in the metamaterials space (we are also founding investors in Kymeta (joined by Bill Gates and Liberty Global)– utilizing metamaterials for satellite communications) and another investment for us in the exciting theme of computational imaging. We believe tremendous opportunities lie at the intersection of hardware innovation combined with the power of computation and networking.

ellenbogenI have had the pleasure of knowing Mike for the past several years as a friend and a colleague. Mike, and his co-founder Anil Chitkara, represent the kind of focused, thoughtful, and patient entrepreneur teams that I am attracted to. Evolv will seek to provide security and imaging solutions to a range of markets and applications around the world, and to win they will need to execute on multiple fronts: hardware/software product innovation, manufacturing, international marketing and sales, regulatory processes, customer training and support . Their experience in building great teams around them to solve similar problems in the past will come in handy.

Adding to my joy of backing a great team working on an important problem is the strong investment syndicate that came together for Evolv, including General Catalyst, Bill Gates and Osage University Partners. I also look forward to working with my former colleague Joel Cutler on Evolv’s Board. This journey begins…and oh, Evolv’s hiring! Join us.


The EnergyMakers Show

September 20, 2012

Paul Dickerson, former COO of Department of Energy’s EERE program, is a friend and a strong supporter of advanced energy for the USA. Paul has been active in this field for a long time and I am glad that his voice has been heard all the way from Texas to Washington D.C.

Paul has been hosting a regular local TV show called The EnergyMakers. I was recently in Houston for a Cleantech conference and Paul asked if I would be able to join him for a few minutes to be interviewed on the show. It was a pleasure to join Paul, to do the recording, and to just catch up on what exciting stuff each of us was seeing in our respective circles.

Here is that show’s recording. You can watch me talking about General Catalyst’s background as an entrepreneur focused firm, some of our global energy related investments, how we see ourselves as partners to early stage entrepreneurs, and some themes that I am currently most interested in. The edited version appears to be some what of a commercial for us, but maybe of interest to you.