Kymeta Corporation is an Intellectual Ventures spin-off company which received funding to develop and commercialize the metamaterials surface antenna technology (M-SAT). Located in Redmond, Washington, Kymeta received a funding of $12 million from Microsoft Chairman Bill Gates; a global cable company Liberty Global; and the investment firm Lux Capital in its first round, and $62 million in a Series D funding round from existing investors which included Kresge Foundation and Osage University Partners. Kymetas applied science is derived from the collaborative efforts of its CEO, Dr. Nathan Kundtz, and David R. Smith, at Duke University. metamaterials surface antenna technology is a new invention that is intended to be more efficient and compact than conventional satellite antennas. Kymetas metamaterials-based satellite antenna forms a holographic beam that can track satellite signals from geostationary, MEO and LEO satellite constellations.