Market Wire: InVisage announces its Series D round of venture funding, led by GGV Capital and including Nokia Growth Partners. The undisclosed amount will be used to begin manufacturing the company's QuantumFilm image sensors, which are currently being evaluated by phone manufacturers. Devices incorporating the technology are expected to ship in Q2 2014. GGV and Nokia Growth Partners join InVisage's existing investors RockPort Capital, InterWest Partners, Intel Capital and OnPoint Technologies.
"InVisage is poised to make a tremendous impact on consumer devices and end users with its QuantumFilm image sensors," said Thomas Ng, founding partner, GGV Capital.
"The innovative QuantumFilm technology from InVisage has the potential to disrupt the market for silicon-based image sensors," said Bo Ilsoe, managing partner of Nokia Growth Partners. "Imaging remains a core investment area for NGP, and it is our belief that InVisage's technology will change how video and images are captured in consumer devices."
"The participation of new investors, including a major handset maker, in this round signals that imaging is a critical differentiator in mobile devices," said Jess Lee, Invisage CEO. "For too long, the image sensor industry has lacked innovation. We are excited to bring stunning image quality and advanced new features that will truly transform this industry."
InVisage QuantumFilm is said to be the world's most light-sensitive image sensor for smartphones. Compared to current camera technologies, the QuantumFilm is said to provide incredible performance in the smallest package, making picture-taking foolproof, even in dimly lit rooms.