Thursday, February 4, 2010

LensVector Raises $30M

Mountain View-based LensVector, a developer of chips which provide autofocus capability to mobile devices, has raised $30M in a Series C funding, the firm said today. The round was led by Institutional Venture Partners and also included Menlo Ventures, Samsung, Silicon Valley Bank, Mitsui and Kodak. IVP's Norm Fogelsong joins the company's board as part of the funding. LensVector said the new funds would go towards expanding its operations. The company said the new funding brings its total raised to over $50M. More information »