With backing from Bill Gates, Pivotal Commware raises $50M for 5G products
February 11, 2021 | BY ALAN BOYLE | GeekWire | Source |
“Kirkland, Wash.-based Pivotal Commware says it has closed on a $50 million funding round that will help it expand research, development and distribution for its millimeter-wave 5G network infrastructure products.
Tracker Capital Management, a venture capital investment firm that’s headquartered in New York, led the Series C investment round. Other participants in the financing include Devonshire Investors and Pivotal’s existing investors — including Microsoft co-founder Bill Gates.
Gates has been investing in Pivotal since 2017, not long after it was spun out from Intellectual Ventures. It’s one of several Gates-backed ventures that make use of metamaterials, an exotic breed of electronics that can channel signals without moving parts.
Pivotal calls its metamaterials-based technology “holographic beam forming.” The technology is used primarily to support ultra-wideband 5G communications.
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Bill Gates & Crown Castle International
“According to the U.S. Securities and Exchange Commission filings of the Bill and Melinda Gates Foundation, the pair owns 5.3 million shares of Crown Castle International Corp. (Source: “Bill and Melinda Gates Foundation Form 13-F,” U.S. Securities and Exchange Commission, last accessed February 11, 2019.)” Link