Evolv Technologies, a US-based firm utilising metamaterials in advanced imaging products such as airport security scanners, has launched with a $11.8m series A round.

The firm was spun out from Intellectual Ventures, an investor and key US patent holder, in partnership with Duke University’s Centre for Metamaterials and Integrated Plasmonics.

Investors in the round include Microsoft co-founder Bill Gates, venture firms Lux Capital and General Catalyst, and Osage University Partners – a commercialisation investment made up from a consortium of…

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