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appliedventures.com

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Investments

103

Portfolio Exits

22

Funds

2

About Applied Ventures

Applied Ventures is the venture capital arm of Applied Materials (NASDAQ: AMAT), the global leader in nanomanufacturing technology solutions for the electronics industry with a broad portfolio of innovative equipment, service, and software products. Applied Ventures invests in early-stage technology companies that promise to deliver high growth and exceptional returns. The firm's investments help develop technologies and markets that provide natural extensions to Applied Materials' core business and stimulate the growth of applications for semiconductors, displays, solar PV, and related products and services.

Applied Ventures Headquarter Location

3050 Bowers Avenue M/S 2038

Santa Clara, California, 95054-3299,

United States

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Expert Collections containing Applied Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Applied Ventures in 2 Expert Collections, including Synthetic Biology.

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Synthetic Biology

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Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

Latest Applied Ventures News

Metalenz and STMicroelectronics deliver world’s first optical metasurface technology for consumer electronics devices

Jun 9, 2022

Metalenz metasurfaces are now on the market through its partnership with STMicroelectronics, marking the introduction of this revolutionary optical technology in real-world devices Boston, MA and Geneva, Switzerland – June 9, 2022 – Metalenz , the first company to commercialize meta-optics, and STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, today announce that ST’s currently released VL53L8 direct Time-of-Flight (dToF) sensor is the highly anticipated market debut of the meta-optics devices developed through their partnership, which was disclosed in June 2021. Metalenz’s Harvard-born, meta-optics technology can replace existing complex and multi-element lenses and provide additional functionality with a single meta-optic embedded in time-of-flight (ToF) modules from ST, the leading company in supplying 3D sensing modules. The introduction of Metalenz technology in these modules brings performance, power, size, and cost advantages to a multitude of consumer, automotive, and industrial applications. This marks the first time metasurface technology is commercially available and being used in consumer devices. Unlike traditional molded and curved lenses, Metalenz’s novel optics are completely planar. Planar metasurface optics are now being manufactured on silicon wafers alongside electronics in ST’s semiconductor front-end fabs for the first time. The meta-optics collect more light, provide multiple functions in a single layer, and enable new forms of sensing in smartphones and other devices, while taking up less space. Metalenz’s flat-lens technology replaces certain existing optics in ST’s FlightSense™ ToF modules, which serve applications such as smartphones, drones, robots, and vehicles. In these, ST has sold more than 1.7 billion units to date. “More than a decade of foundational research has brought us to this point. Market deployment of our meta-optics makes this the first metasurface technology to become commercially available,” said Rob Devlin, co-founder and CEO of Metalenz. “ST’s technology, manufacturing expertise, and global reach allow us to impact millions of consumers. We have multiple wins that mark the first application of our platform technology and we are now designing entire systems around its unique functionality. Our meta-optics enable exciting new markets and new sensing capabilities in mobile form factors and at a competitive price.” ST is a leader and leading innovator in ToF sensing technology that uses the speed of light to accurately calculate proximity. The sensor precisely measures the time a photon, traveling at 299,792,458 meters/sec, takes to travel to and reflect back from a surface. From its first ToF sensor, ST and its technology have helped revolutionize autofocus in smartphone cameras and, with presence detection and gesture recognition, improve security and power efficiency in mobile and computing applications. Perfectly complementing ST’s advanced manufacturing capabilities and ToF technology, the introduction of products embedding Metalenz’s game-changing metasurface optics now enables significant power efficiency, optical performance, and module-size optimization that all bring benefit across consumer, industrial, and automotive markets,” said Eric Aussedat, Executive Vice President and General Manager of ST’s Imaging Sub-Group. “Initially targeting applications using near-infrared wavelengths, especially for 3D sensing, the products we’re introducing with Metalenz are perfectly suited for applications like face authentication, camera assist, consumer LIDAR, and AR/VR, where depth mapping is needed.” The partnership of Metalenz IP with ST Manufacturing Technology brings the incredible accuracy and precision of electronics chip industry to make very precise and repeatable meta-optics that unlock this completely new way to make lenses that combine very high quality and large-scale cost-effective manufacturing. #### About Metalenz Metalenz, founded in 2016, is the first company to commercialize meta-optics. With exclusive worldwide license to the portfolio of foundational intellectual property relating to metasurfaces developed in the Capasso Lab at Harvard University, Metalenz has more than 20 patents on innovations that simplify and improve optical devices across multiple markets. The company’s meta-surface technology provides complex, multifunctional optical performance in a single semiconductor layer, relocating large-scale production of optics to semiconductor foundries—printing lenses like computer chips. Metalenz launched out of stealth in 2021 with funding from leading investors including 3M Ventures, Applied Ventures LLC, Intel Capital, M Ventures, TDK Ventures, and Foothill Ventures. Now in market, Metalenz optics will be in millions of consumer devices this year. To partner with Metalenz and learn more about how they’re revolutionizing optical sensing in consumer electronics and beyond, visit: metalenz.com . About STMicroelectronics At ST, we are 48,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of the Internet of Things and connectivity. ST is committed to becoming carbon neutral by 2027. Further information can be found at www.st.com . Press Contacts

Applied Ventures Investments

103 Investments

Applied Ventures has made 103 investments. Their latest investment was in Infinitum Electric as part of their Series D on May 5, 2022.

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Applied Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/17/2022

Series D

Infinitum Electric

$80M

Yes

5

5/17/2022

Series C - III

Cornami

$68M

No

4

4/26/2022

Series C

Ayar Labs

$130M

No

7

3/28/2022

Series C - II

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$99M

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10

3/1/2022

Series C - II

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10

Date

5/17/2022

5/17/2022

4/26/2022

3/28/2022

3/1/2022

Round

Series D

Series C - III

Series C

Series C - II

Series C - II

Company

Infinitum Electric

Cornami

Ayar Labs

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Amount

$80M

$68M

$130M

$99M

New?

Yes

No

No

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Co-Investors

Sources

5

4

7

10

10

Applied Ventures Portfolio Exits

22 Portfolio Exits

Applied Ventures has 22 portfolio exits. Their latest portfolio exit was BT Imaging on March 03, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/3/2022

Acquired

$99M

2

2/4/2022

Reverse Merger

$99M

4

9/17/2021

Acquired

$99M

3

5/18/2021

IPO

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$99M

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10

5/17/2021

Acquired

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$99M

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10

Date

3/3/2022

2/4/2022

9/17/2021

5/18/2021

5/17/2021

Exit

Acquired

Reverse Merger

Acquired

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

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Sources

2

4

3

10

10

Applied Ventures Fund History

2 Fund Histories

Applied Ventures has 2 funds, including Applied Ventures Innovation Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Applied Ventures Innovation Fund

3

Applied Ventures Innovation Fund I LP

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10

Closing Date

Fund

Applied Ventures Innovation Fund

Applied Ventures Innovation Fund I LP

Fund Type

Subscribe to see more

Status

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Amount

Sources

3

10

Applied Ventures Team

4 Team Members

Applied Ventures has 4 team members, including current Senior Director, Rajesh Swamathinan.

Name

Work History

Title

Status

Annette Finsterbusch

Founder

Current

Rajesh Swamathinan

Senior Director

Current

Pravin Narwankar

Chief Technology Officer

Former

Ray Sun

Managing Director

Former

Name

Annette Finsterbusch

Rajesh Swamathinan

Pravin Narwankar

Ray Sun

Work History

Title

Founder

Senior Director

Chief Technology Officer

Managing Director

Status

Current

Current

Former

Former

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