Multiwave Technologies, a Geneva based R&D company with a team that develops software to accelerate the design of metamaterials, has confirmed to Startupticker the closing of an investment round in November. The raised funds will fuel the company’s development.
In a recent short interview, Multiwave Technologies co-founder and CFO, Panos Antonakakis confirmed to Startupticker that his company closed a financing round of an indisclosed amount with investors based in Switzerland and abroad. These new funds will fuel the company’s future development phase.
Multiwave Technologies AG was founded in March 2015. Based at the Fongit in Geneva since November of the same year, the company’s mission is to develop groundbreaking technologies using metamaterials across several areas of applications, ranging from medical imaging devices, to optical filters and RFID among other sectors.
Metamaterials are conventional materials (silicon, glass, metal, plastic, etc) engineered to yield extraordinary properties that are not found in nature (bending light, deflecting seismic waves, invisibility cloaks, etc).
Metamaterials have a number of applications driven by a growing demand for revolutionary technologies. Today metamaterials can be found in cutting-edge technologies including perfect lenses, antennas and terahertz devices. These technologies can be used to make stealth military aircraft invisible to radar, smart solar energy systems, optoelectronics, vibration dampers, sound proofing and even earthquake deflection systems.
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