Israeli 3D firm Mantis Vision scores $12.5 mln

Mantis Vision has raised $12.5 million in funding. The investors were Qualcomm Ventures, Flextronics’ hardware venture arm Lab IX, Sunny Optical Technology Co. and Samsung. Based in Israel, Mantis Vision is a maker of 3D technologies and solutions.

PRESS RELEASE

TEL AVIV, ISRAEL–(Marketwired – June 18, 2014) – Mantis Vision, a developer of the world’s most advanced 3D enabling technologies and solutions, announced today it has secured a $12.5 million strategic investment round from Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures, Flextronics’ (NASDAQ: FLEX) hardware venture arm, Lab IX; Sunny Optical Technology Co., and Samsung. Mantis Vision believes this strategic investment will accelerate its plans for shifting the 3D paradigm via its core MV4D technology platform.

Mantis Vision has built MV4D, a highly scalable platform that has the ability to easily capture, edit and experience the richest and most vivid 3D data at scale for mobile devices. This ingredient technology enables manufacturers to develop 3D-enabled mobile devices coupled with APIs and SDKs, that in turn help developers quickly build consumer-facing applications on top of the MV4D platform.

MV4D enables unmatched 3D technology capture and output via embedded mobile devices, handheld cameras and scanners. This technology is a key component of both professional and consumer level applications across a wide customer base of leading mobile technology companies, device manufacturers, applications developers, creators, and ultimately consumers.

“3D is as big a paradigm shift for mobile as was the introduction of the camera-phone, the type of change that only comes around once every decade. We now have the opportunity to deliver professional-grade 3D-enabled mobile devices and capabilities to the world,” said Amihai Loven, CEO, Mantis Vision. “Our mission is to bring 3D to the masses, allowing users to create their own 3D content with ease. This strategic investment offers us the flexibility to expand quickly and strategically, as well as fuel adoption and engagement directly with consumer audiences worldwide.”

“Qualcomm’s investment in Mantis Vision will enable both companies to accelerate the development and adoption of new 3D technologies for mobile devices and services as well as the applications running on top of them,” said Mony Hassid, senior director, Qualcomm Ventures. “Insight from Qualcomm should help MV4D give mobile device manufacturers, app developers and creative professionals the tools they need to deploy next generation 3D technology and applications for the public at large.”

“We believe that mobile 3D capture will become an increasingly important, if not primary, means of communication. The Mantis Vision team has proven its ability to create 3D technology and products that deliver,” said Lior Susan, vice president and head of Lab IX. “We are excited about the traction and virality that the MV4D platform can generate in a very short time, and we want to provide the funding and support for this team to extend its leadership in this new and emerging sector.”

“Our vision has always been about sharing our experience and understanding of how 3D can dramatically change what we know and accept today,” noted Loven. “We are thrilled to have investors like Flextronics, Qualcomm, Samsung and Sunny Optical Technology to accelerate this process.”

About Mantis Vision
Mantis Vision develops technologies and products that will bring 3D to every mobile device, home and business. Its software and hardware component solutions, based on its core MV4D “motion capable” 3D range-imaging technology, are designed to enable user-generated content creation (UG3D) throughout the 3D ecosystem.
Mantis Vision’s consumer-oriented product offering includes a range of peripheral and embedded UG3D devices. Mantis Vision’s first product to enter the market was the F5 Handheld 3D Scanner, a high-end mobile scanning solution for professional applications. The F5 is used in the medical, industrial, defense, law enforcement, and cultural heritage fields, among others. For more information, visit www.mv4d.com or visit @mv4d.

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