360fly, a Pittsburgh and Virginia-based single-lens camera and software platform that captures stitch-less 360-degree video, closed a $17.8m Series B financing round.
Qualcomm Ventures joined lead investor Catterton, Voxx International (VOXX) and Steve Altman, former President and Vice Chairman of Qualcomm Incorporated.
The company intends to use the funds to increase software and product development as it works towards a Fall 2014 consumer launch of the 360-degree panoramic video camera, the 360fly MICRO smartphone attachment, 360fly.com video hosting and sharing service and the 360fly apps for both iOS and Android platforms.
Founded out of Carnegie Mellon University’s Robotics Institute and led by Tim O’Neil, CEO, 360fly provides a camera that allows users to capture and share an interactive video with a field of view of 360 degrees horizontal by 240 degrees vertical. 360fly MICRO is a smartphone lens attachment that gives users the ability to simultaneously record everything around them and share the experience instantly through social media.
The company recently partnered with
VOXX Electronics Corporation, a wholly owned subsidiary of VOXX International Corporation, to deliver the 360fly line of panoramic video cameras and software to the market.
FinSMEs
13/08/2014