Advanced 3D enabling technologies and solutions developer Mantis Vision has raised $12.5 million. The investment was made by Qualcomm Inc. (Nasdaq: QCOM) through its venture investment group, Qualcomm Ventures, Flextronics' hardware venture arm Lab IX, Sunny Optical Technology Co., and Samsung. Mantis Vision believes this strategic investment will accelerate its plans for shifting the 3D paradigm via its core MV4D technology platform.
Mantis Vision has built MV4D, a highly scalable platform that has the ability to easily capture, edit and experience the richest and most vivid 3D data at scale for mobile devices. This technology enables manufacturers to develop 3D-enabled mobile devices coupled with APIs and SDKs, that in turn help developers quickly build consumer-facing applications on top of the MV4D platform.
MV4D enables unmatched 3D technology capture and output via embedded mobile devices, handheld cameras and scanners. This technology is a key component of both professional and consumer level applications across a wide customer base of leading mobile technology companies, device manufacturers, applications developers, creators, and ultimately consumers.
Mantis Vision CEO Amihai Loven said, "3D is as big a paradigm shift for mobile as was the introduction of the camera-phone, the type of change that only comes around once every decade. We now have the opportunity to deliver professional-grade 3D-enabled mobile devices and capabilities to the world. Our mission is to bring 3D to the masses, allowing users to create their own 3D content with ease. This strategic investment offers us the flexibility to expand quickly and strategically, as well as fuel adoption and engagement directly with consumer audiences worldwide."
Qualcomm Ventures senior director Mony Hassid said, "Qualcomm's investment in Mantis Vision will enable both companies to accelerate the development and adoption of new 3D technologies for mobile devices and services as well as the applications running on top of them. Insight from Qualcomm should help MV4D give mobile device manufacturers, app developers and creative professionals the tools they need to deploy next generation 3D technology and applications for the public at large."
Published by Globes [online], Israel business news - www.globes-online.com - on June 19, 2014
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