Siimpel raises undisclosed round for low-power micro-cameras
Siimpel, manufacturer of precise low-power mobile and digital cameras, announced an undisclosed round of strategic funding from LG Innotek. The Arcadia, Calif. company previously raised $75 million from backers Motorola Ventures, DOCOMO Capital, Draper Fisher Jurvetson, Global Catalyst Partners, Portage Venture Partners, Scale Venture Partners, Sun America Ventures and Zone Venture Fund.
In the fall, Siimpel said it was going to start developing micro-elecro-mechanical-systems (MEMS) technology ideal for cell phones.
Siimpel raises $8.7M for mobile cameras
Siimpel, manufacturer of highly-precise and low-power mobile and digital cameras, took in an $8.7 million tranche of an expected $16 million investment round, according to regulatory filings. Contributors included Qualcomm, Zone Venture Fund, Draper Fisher Jurvetson Fund, and a handful of individuals.
Earlier this month, the Arcadia, Calif. company announced the development of micro-electro-mechanical-sysetems (MEMS) techonology that would be best used in mobile devices. In the past, it has received funding from DOCOMO Capital, the venture… Continue Reading