Light, a Palo Alto, Calif.-based provider of advanced computational imaging solutions, raised $121m in Series D funding.
The round was led by the SoftBank Vision Fund (whose investment will be made in tranches, subject to certain conditions), with participation from Leica Camera AG.
Led by Dave Grannan, CEO and cofounder, and Dr. Rajiv Laroia, CTO and cofounder, Light provides an imaging platform that enables machines to see like humans do, using algorithms to combine images from multiple camera modules into a single high-quality image and enabling highly-accurate 3D depth extraction. The company’s foundational technologies, including its Lux Capacitor camera control chip and its Polar Fusion Engine for multi-image processing, are licensed for use in applications like smartphones, security, automotive, robotics, drones, and more.
Light intends to use the funds to expand the reach of its imaging platform beyond consumer photography and into the above applications. Later this year, the first mobile phone incorporating the technology will be available to consumers around the world.