In 2013, Intellectual Ventures spun out Evolv Technologies, Inc.—the second company to commercialize an invention from IV’s portfolio of metamaterials patents.
Intellectual Ventures spinout Evolv gets $11.8M from Bill Gates and others, aims to transform security scanning
Intellectual Ventures this morning announced a new spinout company, Evolv, that has landed $11.8 million in funding from investors including Bill Gates to develop imaging and detection products for a new form of security scanning at airports and other facilities.
When Boston startup Evolv Technologies surfaced earlier this month with an $11.8 million fundraising round, nobody tied to the company would talk about what it’s doing. Today, the secrecy is lifting.