LensVector, a start-up in Mountain View, Calif., that hopes its optical components using solid-state electronics will replace moving parts in consumer camera technology, said Thursday that it's raised $30 million in a third round of funding.
Institutional Venture Partners led the funding round, joining existing investors Menlo Ventures, Samsung, Silicon Valley Bank, Mitsui, and Kodak. IVP general partner Norm Fogelsong has joined the LensVector board, the company said.
"This financing will allow us to scale our manufacturing capacity and better serve this growing demand from our customers," Chief Executive Derek Proudian said in a statement. LensVector now … Read more