Pelican Imaging Corporation, a Mountain View, CA-based software start-up in the business of commercializing computational cameras for the smartphone market, has received $10m in Series B financing.
The round was led by Globespan Capital Partners, with participation from Granite Ventures, InterWest Partners and IQT.
The company is developing a new camera technology and software that directly address the challenges posed by conventional camera design and small pixels. The new capital will enable Pelican to position them for commercialization in smartphones.
In conjunction with the financing, Barry Schiffman, co-founder and executive managing director at Globespan Capital Partners, will join the company’s board of directors.
The funding follows a $7m Series A round in July 2009 with investors Granite Ventures and InterWest Partners, and an undisclosed amount from IQT earlier this year.
FinSMEs
26/10/2010