INSUBCONTINENT EXCLUSIVE:
Camera technology company Light is the latest to do the money dance with SoftBank massive Vision Fund after it raised a$121 million Series D
round.
The funding round was led by Vision Fund, the near-$100 billion fund anchored by SoftBank, with participation from consumer camera
Today announcement takes Light to around $186 million raised from investors to date.
Light is best known for its futuristic camera
The company first introduced the $1,950 L16 camera back in 2015, which then began shipping in 2017
The camera uses 16 lenses to capture 52 megapixel imagery which produces impressive results
Perhaps most notably, the L16 is tiny which makes it hugely portable and convenient.
Given the small form factor and the rise of mobile
photography, itwas with little surprise that earlier this monthLight teased its first smartphone camera product
Exact details of what that will look like are unclear, but a Light representative told TechCrunch that its mobile technology has been
licensed to an OEM which plans to launch a Light-powered smartphone this coming September.
&In this era, pocketable, connected cameras can
reconstruct the world in three dimensions and superhuman detail, cars are able to perceive the objects around them without the need for
special sensors, and robots are able to thread the elusive needle autonomously,& Light said in a statement.
In addition, the company claims
the smartphone tech, which supports up to nine cameras on the rear side of the phone, will &shatter the expectations of mobile photography&
when it is released.
A representative said alsothat Leica and Light partnership may seethe duo develop consumer products that utlizeLight
tech, although details of that are even less clear than the smartphone plan at this point.
That foray into mobile underscores the plans for
this new round of funding for Light
The company said it intends to push its technology, which to date has been utilized in the consumer space, intosecurity, robotic,
automotive, aerial and industrial imaging verticals.
You can imagine that this ambition to expand fed nicely into SoftBank pitch for Vision
Fund, which is designed to bring together the world top technology companies and encourage synergies between them
With ARM and Nvidia among the chipset firms backed by the fund, Light will seeplenty of opportunities to knock on new doors and explore
growth opportunities as part of the collective.
Here an interview with Light CEO Dave Grannan, who showed off the L16 at CES 2016:
