Mountain View,
Calif. – LensVector, a developer of
autofocus technology for camera phone lenses, announced on Thursday that it has
raised $30 million in a third round of financing, led by Institutional Venture
Partners.
Previous investors Menlo Ventures, Samsung, Silicon Valley Bank,
Mitsui and Kodak also participated.
Founded in 2006, Mountain
View, Calif.-based LensVector says it has developed optical
technology "that can shape, steer and focus light without mechanical
movement."
The company will use the funding to expand its operations.
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(VentureBeat)
As part of the funding, Norm Fogelsong, General Partner of IVP, has joined the LensVector Board of Directors. ”We were attracted to LensVector because of its proprietary autofocus technology and the large camera phone market opportunity,” said Fogelsong. ”The LensVector management team is also top-notch, with decades of experience in this industry.”