Bloomberg: Nokia Growth Partners plans to invest in Pelican Imaging seeking to win back customers from Apple and Android phones. Image quality is one of the top three reasons to buy or return a phone, and as Nokia phones are known for their cameras, it’s seen as a good leverage point, according to Nokia Growth Partners.
Array cameras "are on the cusp of being commercialized and Pelican does software for that," Bo Ilsoe, a partner at Nokia Growth Partners, said in a phone interview from California. "It’s very complicated to do this algorithmically and Pelican is one of the companies that has mastered this technology." Nokia Growth Partners has been tracking Pelican since soon after its founding in 2008, Ilsoe said. Pelican also counts Globespan Capital Partners, Granite Ventures, InterWest Partners and IQT among its private-equity investors.