Kymeta picks up $50M to develop its morphing satellite antennas


Less than a year since it was spun off from Intellectual Ventures, metamaterials startup Kymeta has closed a $50 million funding round. The company designs and manufactures satellite antennas, but these aren’t your ordinary satellite dishes. The company’s adaptable antennas steer beams dynamically without mechanical parts, which could make them ideal satellite broadband receivers for fast-moving vehicles such as planes, trucks and boats.

New investors Osage University Partners and the Kresge Foundation participated in the round joining existing investors Bill Gates, Liberty Global and Lux Capital – all of which participated in Kymeta’s initial $12 million funding round. The Microsoft(s msft) connection to Kymeta goes further than Gates investment. Former Microsoft CTO Nathan Myhrvold is IV’s founder.

Metamaterials are a key part of Intellectual Ventures vast patent portfolio and one of the few examples of IV commercializing its intellectual property rather than merely suing other companies that do

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