The company develops technology to enhance the quality of mobile phone cameras.
Mobile phone technology company Dblur Technologies Ltd. has fired part of its workforce in the course of the restructuring the company is currently undergoing. Dblur, which currently employs 30 people, fired nine of them, following what it described as "the transition from development to production." In early 2006, Dblur raised $6 million in its first financing round from Sequoia Capital, Benzion (Benny) Landa, and TempoPark Fund. The company raised $3.5 million in seed funding.
Dblur, which was founded in 2001, has developed a technology that enhances the performance of camera modules in mobile phones. The company enhances optical system performance by the integration of its "software lens" technology in place of the lens itself. Dblur targets the camera-enabled phone market.
Dblur VP sales & marketing Guy Michrowski said, "We have shed nine jobs from our workforce of 30. This is part of the recently completed process of transition from development to engineering and support for mass production. All our actions have the backing of our investors."
Published by Globes [online], Israel business news - www.globes-online.com - on July 27, 2008
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