Gates-backed imaging startup spins out of Intellectual - TopicsExpress



          

Gates-backed imaging startup spins out of Intellectual Ventures: "The company is developing security imaging technology "for use in airports and other high-risk facilities." "The next airport security scanner you have to walk through might just be using technology developed by inventors at Bellevue-based Intellectual Ventures. The controversial company announced today it has spun out its third company, Evolv, from its "Metamaterials Commercialization Center," the same incubation team that spun out the nuclear power company TerraPower. Evolv will be based in Boston and is backed by $11.8 million in funding from Bill Gates, Lux Capital, Osage University Partners and General Catalyst. The company is developing security imaging technology "for use in airports and other high-risk facilities," and it will be run by security industry veteran Mike Ellenbogen, according to a press release." bizjournals/seattle/blog/techflash/2013/08/gates-backed-meta-materials-startup.html
Posted on: Thu, 29 Aug 2013 21:48:46 +0000

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