Movidius Raises $16M in Series D Funding
Movidius, a San Mateo, CA-based computational image-processor chip and software company that is advancing in the field of mobile imaging and computer vision, raised $16m in Series D funding.
The round was led by Atlantic Bridge, DFJ Esprit and Robert Bosch Venture Capital, with participation from existing investors Capital E, AIB Seed Capital Fund and private investors.
The company intends to use the funds to accelerate its products and build its presence and R&D team in Silicon Valley, where its new U.S. headquarters are located.
Led by Remi El-Ouazzane, CEO, Movidius develops a low power, multi-core architecture, designed specifically to enable innovative imaging and vision applications, which include 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.