In-Q-Tel makes third investment in mobile camera tech
The CIA's In-Q-Tel investment group is backing Pelican Imagine, a developer of computational camera technology, as part of the company's $20 million round of funding.
In-Q-Tel has invested in Pelican Imaging as part of its new $20 million round of funding, marking it In-Q-Tel’s third investment in the company since 2010.
Pelican Imaging is a developer of a computational camera technology for mobile devices. The technology provides depth mapping at every pixel, enabling “the perfect picture” every time, the company said in a statement. Users can perform a range of selective focus and edits, both pre- and post-capture. The camera also is 50 percent thinner than existing mobile cameras, the company said.
In-Q-Tel is the CIA-backed investment group that looks for promising technologies that can help the intelligence community.
Other participants in the round included Qualcomm Ventures and Nokia Growth Partners, as well as previous backers Globespan Capital Partners, Granite Ventures and InterWest Partners.
NEXT STORY: Is HR your hidden strategic asset?