Thursday, September 20, 2018

uBeam CEO Steps Aside As Firm Pivots Towards Technology Licensing

Meredith Perry, the CEO of Los Angeles-based uBeam, has stepped down from her post, and will shift to become a senior advisor and board member of the company, according to Mark Suster of Upfront Ventures, one of the company's backers. uBeam, which had been working on technology to wirelessly charge phones using sound waves, also is pivoting into the B2B market, and intends to license its technology to others rather than build its own products. Suster said that uBeam--which has been extremely quiet for the last couple of years about its products and technology---has shifted from a consumer-facing mobile charging company to B2B licensing. uBeam has run into some issues over the years, with a number of people--including its own former VP of Engineering--who have doubted the company's technology would work. Suster said Perry will be an "active board member".