Business Wire: Intel Capital announced six new investments, QuantumFilm-based image sensor vendor InVisage being one of them.
“These Intel Capital investments represent innovative companies that Intel is working with to help advance our mobile platform initiatives across smart device segments including handheld, tablet and notebook businesses,” said Anand Chandrasekher, Intel senior vice president and general manager of the company’s Ultra Mobile Group. “The investments, coupled with Intel’s expanding set of capabilities in silicon, software and communications, will help the company accelerate plans across a variety of smart devices and market segments.”
InVisage intends to use this funding round - led by Intel Capital - to bring its products and technology into mass production.
Update: Market Wire: Invisage announced that it has received its series C round of venture funding, led by Intel Capital. Intel Capital joins InVisage's existing investors RockPort Capital, InterWest Partners, OnPoint Technologies and Charles River Ventures.
"Image sensors for smart phones and handheld devices are a huge market opportunity and InVisage is well positioned to capture significant market share," says Dave Flanagan, managing director, Intel Capital. "InVisage is the first company in a while to think differently about image sensors and we are confident that its products will lead the imaging market on a new vector of innovation."
"The image sensor industry as a whole has focused entirely on increasing the number of pixels and has failed to see the big picture. As a result, there has been a lack of new ideas in the market for some time," says Jess Lee, CEO, InVisage Technologies. "InVisage's QuantumFilm technology will bring stunning image quality and advanced new features to an industry that is desperate for true innovation."
Initially targeting cameraphone applications, InVisage Technologies' QuantumFilm will be sampling by summer, and could be in devices early next year.