Wednesday, July 10, 2013

Movidius Focuses In On $16M For Image Processing Chips, Software

San Mateo-based Movidius, which develops image processing chips and software, said today that it has raised $16M in a Series D funding. The funding was led by Atlantic Bridge, DFJ Esprit and Robert Bosch Venture Capital, and also included Capital E, AIB Seed Capital Fund, and other investors. Movidius said the funds will go towards building a presence and R&D team in Silicon Valley. The company develops mobile imaging and computer vision technology, aimed at such efforts as 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. More information »