EETimes: ISP and image processing software startup Movidius announced that it has raised $16M in series D funding from a group of venture capital firms. The funding round was led by Atlantic Bridge, DFJ Esprit, and Robert Bosch Venture Capital, with participation from existing investors Capital E, AIB Seed Capital Fund, and private investors.
Movidius also announced that Remi El-Ouazzane is the company's new CEO. El-Ouazzane joined Movidius from TI, where he served as VP and worldwide GM of the OMAP business unit. Movidius also moves its headquarters from Dublin, Ireland to San Mateo, CA.
Last year, Movidius announced a deal with Chinese electronics manufacturer Keen High Technologies that is expected to generate more than $25M of sales over the next three years.
The company is developing a new ultralow power and high-performance, multi-core architecture, designed to enable innovative imaging and vision applications. New applications include post-capture refocusing, high quality zoom, augmented reality simulation, gaze or gesture-based user interfaces, advanced location-based services, modeling and scanning for 3D printing. A Vimeo video shows examples of this: