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April 11, 2006
Eyesquad's Cameraphone Lens Breakthrough Attracts Early Stage VCs
BayTech Venture Capital has led a €4M Series A investment in Eyesquad, a developer of micro-imaging optics gear targeted at cameraphones. Co-investor on the round is the Spanish venture capital firm, Adara Ventures. The capital will be used for R&D and to boost marketing.
It is still in stealth mode, so we rely on some input from its backers. Eyesquad has developed components that are the same size as existing cameraphone optics but deliver the kind of Zoom, Auto Focus, Close Up functions that digital still cameras have, without adding new moving parts and drivers.
Its edge is enabled by innovation in lens design, lens engineering and imaging software alagorithms.
The firm is headquartered in Munich, Germany, with R&D center in Tel-Aviv.
Posted on April 11, 2006 05:14 AM | Posted to Digital imaging | Wireless | Permalink
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