Kymeta Corporation

Kymeta Corp. was spun out of Intellectual Ventures, a patent holding company, based on the metamaterials technology for electronic beam steering developed in that company’s labs. It was launched in 2013 with a $12m investment from Bill Gates, Lux Capital and Liberty Global. Before the year was out, it closed a $50m round from existing investors plus Osage University and Kresge Foundation. Early in 2014, they won a $6.2m engineering contract with Inmarsat to accelerate that company’s product development. Over the next two years, it entered a series of partnerships: with Intelsat for antennas optimized for EpicNG; with Airbus and Intellian to integrate Kymeta technology into maritime antennas; and with Sharp to manufacture Kymeta antennas using glass-on-glass technology pioneered for flat-panel displays. Commercial tests were begun in 2015 with Intelsat, including an 8,000-mile demonstration drive in a connected car. In 2016, Panasonic agreed to order a large number of antennas for maritime use, and Kymeta closed another $62m in funding to finance its commercial introduction in 2017.

The Kymeta Corporation was named one of the 2017 Rising Five in the Ground Systems Sector.

Return to the Rising Five

Company Search