PELICAN IMAGING SECURES $20M IN FUNDING FROM QUALCOMM, NOKIA GROWTH PARTNERS, AND CURRENT INVESTORS
MOUNTAIN VIEW, CA -- April 30, 2013: Pelican Imaging, the inventor of groundbreaking array camera technology for mobile devices, has announced the closing of $20M in Series C funding. New strategic investors include Qualcomm Incorporated, acting through its venture investment group, Qualcomm Ventures, and Nokia Growth Partners, and the round includes existing venture investors Globespan Capital Partners, Granite Ventures, InterWest Partners and IQT.
“We’re excited to take the company to the next level,” said Pelican Imaging CEO and President Christopher Pickett. “The support from industry leaders like Qualcomm Ventures and NGP really underscores the validity of our technology in the marketplace. The continued backing from our current investors is a reflection of their confidence in our technology and our ability to execute in order to disrupt the mobile photography space.”
Pelican Imaging’s computational camera technology provides depth mapping at every pixel, enabling “the perfect picture” every time and allowing users to perform an unprecedented range of selective focus and edits, both pre- and post-capture. The camera itself is about 50% thinner than existing mobile cameras.
As Nokia Growth Partners Managing Partner Bo Ilsoe noted, “Pelican Imaging’s computational camera solutions are at the cutting edge of mobile camera technologies. We believe they’re positioned to lead the next wave in video and image capture; they’re a great addition to our portfolio of innovators in the imaging space.”
About Nokia Growth Partners
Nokia Growth Partners invests in companies that are changing the face of mobility, communications and the internet. NGP offers industry expertise, capital and an extensive network, enabling entrepreneurs to build disruptive, industry-changing companies and take them to the global market. With offices in the US, Europe, India and China, NGP extends the reach of companies making their products and services local everywhere. Visit www.nokiagrowthpartners.com for more information.
About Pelican Imaging
Headquartered in Mountain View, California, and founded in 2008, Pelican Imaging Corporation is a venture-backed camera solution company in the business of commercializing computational array cameras for consumer camera markets. Pelican’s array camera directly addresses the challenges posed by conventional camera design and small pixels. Investors include Qualcomm, Nokia Growth Partners, Globespan Capital Partners, Granite Ventures, InterWest Partners and IQT. For more information, visit www.pelicanimaging.com.