Eye-Fi Completes $20M Series D Funding

Eye-Fi Inc., a Mountain View, Calif.-based developer of a wireless memory card, has completed a $20m Series D funding.

The round was led by NTT DOCOMO,INC., with participation from existing investors Shasta Ventures, Opus Capital and TransLink Capital.
The company intends to use the funding to expand its executive team, adding former Skype and eBay executive Michele Don Durbin as Vice President of Marketing.

Led by CEO Yuval Koren, Eye-Fi has built patented and patent-pending technology that wirelessly and automatically uploads photos and videos from digital imaging devices, including digital cameras and Android and iOS based devices, to online, in-home and retail destinations.
In addition to the funding, NTT DOCOMO is to become (in April) the first partner to launch Eye-Fi card activation via mobile phones, this meaning that its 59 million mobile subscribers will share high quality images between their digital cameras, mobile devices, online photo sites and digital photo frame.

The company’s products and services are now available at Wal-Mart, Best Buy, Target, Office Depot and Amazon.com, as well as through various distributors in Japan and Europe. The mobile apps are available at the Apple App Store and the Android market.



Join the discussion