MultiVu, a tech company creating 3D imaging solutions, has closed on a $7 million seed round led by OurCrowd – Israel’s most active venture investor. OurCrowd was joined by Cardumen Capital and Hong Kong-based investment firm Junson Capital.
MultiVu said it intends to use the funding to complete development of its first sensor product for 3D Face Authentication applications. Funds will also be used for marketing and business development activities.
MultiVu’s 3D image camera is based on a single sensor as opposed to existing solutions using two sensors and a light projector. This solution is designed to produce both pictures and video streams as needed. MultiVu’s single sensor is described as being inexpensive, compact, and energy efficient.
Doron Nevo, CEO of MultiVu said the technology, which passed the proof-of-concept stage will bring 3D Face Authentication and affordable 3D imaging to the mobile, automotive, industrial and medical markets.
“We are excited to be given the opportunity to commercialize this technology.”
Eli Nir, OurCrowd Senior Investment Partner they are pleased to invest in the future of 3D sensor technologies and believe that MultiVu perform well as it provides an inexpensive 3D imaging solutions.
“We are proud to be investing in a third company founded by Prof. David Mendlovic (that just recently sold CorePhotonics to Samsung), managed by CEO Doron Nevo – a serial entrepreneur with proven successes and a superb team they have gathered around them,” said Nir.
The market for 3D Imaging applications is said to be growing exponentially, and MultiVu intends to become a major player in this sector.
OurCrowd is the leading global equity crowdfunding platform for accredited investors reporting over $1 billion in investor commitments. Recently, OurCrowd added to its successful exits list as two high profile firms completed initial public offerings.
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