« Skype's Voice Engine Company Acquires Crystal Voice | Main | German Bluetooth Marketing Startup Going For Growth »
January 31, 2007
Eyesquad Acquired - Quick Exit For VCs Baytech And Adara
Tessera Technologies announced today it will acquire VC-backed Eyesquad for $20M in cash. The deal comes less than a year after the developer of cellphone lenses raised a €4M series A round from Munich-based Baytech Venture Capital and Adara (Spanish VC).
Eyesquad, which still had $2M in cash on its books, has its HQ in Munich and R&D in Israel.
The startup's technology is targeted initially at cellphones and enables things like continuous optical zoom, built-in auto-focus and a close-up imaging capability.
Read - Eyesquad's Cameraphone Lens Breakthrough Attracts Early Stage VC (a:c euro)
Read - EETimes.com - Tessera buys imaging startup for $24 million (eetimes)
Posted on January 31, 2007 05:08 PM | Posted to News And Updates | Semiconductors | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/3075
