Mountain View, Calif. – Pelican Imaging, a developer of
computational imaging technology used in cell phone cameras and other
applications, announced on Tuesday that it has raised $10 million in its second
round of venture capital financing.
Globespan Capital Partners led the
investment round; Granite Ventures, InterWest Partners and the CIA’s In-Q-Tel
unit also participated.
Mountain View, Calif.-based Pelican said its technology
"directly addresses the challenges posed by conventional camera design and
small pixels."
The company, which previously raised $7 million in July
2009, will use the new funds to support growth and ready its camera technology
and software for commercialization in smartphones.
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