« Startups like logo on laptop ads | Main | Wearable electronics startup zips up new round of VC »
January 31, 2006
France's DxO Technolgies' pictures tell its story
Apax Partners has led a $10M expansion round for Paris-based DxO Technologies, a company that develops software to enhance, test, and correct the quality of digital images. DxO has a couple of product lines: software packages for professional and hobbyist photographers. An embedded system used in chips sold by Texas Instrument to digital camera manufacturers. And software to enhance images produced by the cheaper kind of optics used in mobilephone cameras.
It it seems that its the latter two product lines that attracted Apax.
“DxO Labs’ core technology consists in mathematically modeling major optics and sensors faults in order to correct them at a software level. This approach enables a reduced bill of materials, while obtaining previously unachievable performance. We believe that this new approach has the capacity to completely revolutionize the digital imaging markets,” explains Eddie Misrahi, Partner at Apax Partners France. “Tomorrow’s cameraphones or still or video cameras will be cheaper and lighter, while producing perfect image quality. It will take imaging to another level.”
DxO was founded by the same team that founded Vision IQ, a venture-backed software company whose technology was used in public swimming pools to detect suspicious non-movement, as in drowning. It seems to still be in business but most of its management are now at DxO.
Jerome Meniere, CEO and co-founder of DxO, left French private equity firm, LBO Europe, to form Vision IQ in 1995. He is an engineer, educated at the Ecole Centrale de Paris, with a business degree from Stanford University and Institute d'Etudes Politiques de Paris. CFO, Erick Poule is on his third venture with DxO. He was a founder of Vision IQ and before that he co-founded Effix, a real-time software supplier which was acquired by Reuters in 1993.
DxO's textual description on its web-site is heavy-going but example before and after shots make its story clearer.
Read - DxO announces $10 million financing for expansion
Posted on January 31, 2006 04:12 PM | Posted to Digital imaging | Venture Capital | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/388
