Tuesday, April 30, 2013

Pelican Raises $20M from Qualcomm, Nokia Growth Partners, and Current Investors

PR Newswire: It's official now, Pelican Imaging announces the closing of $20M in Series C funding. New strategic investors include Qualcomm Inc., acting through its venture investment group, Qualcomm Ventures, and Nokia Growth Partners, and the round includes existing venture investors Globespan Capital Partners, Granite Ventures, InterWest Partners and IQT.

"We're excited to take the company to the next level," said Pelican Imaging CEO and President Christopher Pickett . "The support from industry leaders like Qualcomm Ventures and NGP really underscores the validity of our technology in the marketplace. The continued backing from our current investors is a reflection of their confidence in our technology and our ability to execute in order to disrupt the mobile photography space."

Pelican's computational camera technology provides depth mapping at every pixel, allowing users to perform a range of selective focus and edits, both pre- and post-capture. The camera itself is said to be about 50% thinner than existing mobile cameras.

Nokia Growth Partners Managing Partner Bo Ilsoe says: "Pelican Imaging's computational camera solutions are at the cutting edge of mobile camera technologies. We believe they're positioned to lead the next wave in video and image capture; they're a great addition to our portfolio of innovators in the imaging space."

1 comment:

  1. "Imaging quality is one of the top three reasons to buy or return a phone" - Nokia

    Anybody know what the other 2 are and the relative position of image quality?



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