Mobile 3D co Mantis Vision raises $9.7m

dollars  picture: Thinkstock

Investors in the financing round include Qualcomm Ventures and Formation 8.

Petah Tikva based 3D technology and solutions developer Mantis Vision has raised $9.7 million from Formation 8, existing investor Qualcomm Inc's investment arm Qualcomm Ventures, and other investors.

Mantis Vision will use the investment to establish a leading position in its emerging markets using its core MV4D technology platform, which enables 3D data acquisition and data quality. The company says that 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, and content creators.

Mantis Vision CEO Tzach Hadas said, "We believe that our superior 3D technology will become the platform of choice for accurately capturing depth and motion in a way that best portrays reality. This investment helps us drive our dream, innovations and technology to many new products both in the consumer and in the professional market.,"

Qualcomm Ventures senior director Mony Hassid said, "Qualcomm's follow-on investment in Mantis Vision aims to accelerate the mobile penetration of MV4D. The drive is to introduce new use cases and applications in advanced mobile platforms."

Published by Globes [online], Israel business news - www.globes-online.com - on June 4, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

dollars  picture: Thinkstock
dollars picture: Thinkstock
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