Tech-On: Morpho, a developer of software image stabilization technologies for mobile devices, received ¥165M investment from Nokia Growth Partners of Finland, a Nokia Group company.
This was the first time that Nokia Growth Partners has ever invested in a Japanese company. Morpho said this investment followed the fund it received from NTT DoCoMo Inc in October 2007.
Morpho is a venture company formed in 2004 mainly by engineers who graduated from the University of Tokyo. The University of Tokyo Edge Capital Co Ltd also invested in Morpho in September 2004.
Morpho's "PhotoSolid 2.0," a software application to prevent blurring of still images, has been adopted for mobile phones manufactured by NEC Corp, Sharp Corp and Panasonic Mobile Communications Co Ltd thus far. Morpho also handles "MovieSolid" stabilization software for video.
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