Light raises Series A funds

Light has raised a $9.7 million Series A. The investment was co-led by Bessemer Venture Partners and CRV. Light is a team of creative technologists working on the art and science of photography.

PRESS RELEASE

Light has raised a $9.7MM Series A to
reimagine photography.
Light was co-founded by Dave Grannan (CEO) and Rajiv Laroia (CTO).
Prior to Light, Grannan was CEO of Vlingo, the first natural language speech recognition service for
mobile phones. Vlingo provided speech recognition for the first Siri app and powered Samsung’s SVoice
product. Nuance Communications acquired Vlingo in 2012. Laroia previously founded and
served as CTO of Flarion Technologies, which developed the base technology for LTE. Flarion was
acquired by Qualcomm in 2006.
The investment was co-led by Bessemer Venture Partners (BVP) and CRV. Other investors include
Qualcomm Executive Chairman Dr. Paul E. Jacobs and GLOBALFOUNDRIES CEO (and former
Motorola Mobility Chairman and CEO), Sanjay Jha. Jacobs joins Light’s Board of Directors, alongside
Grannan, Laroia, BVP’s Bob Goodman and CRV’s Bruce Sachs.
Joining the Light executive team are Harpuneet Singh, SVP Design and Manufacturing, and Bradley
Lautenbach, VP Marketing. Singh was previously CTO at DigitalOptics Corporation and SVP at
Flextronics International. At Flextronics, Singh launched the camera module business, helping propel
the company to a $1B revenue run rate. Lautenbach is a veteran of ABC and Disney, and has also
spent time at Bonobos and Zuckerberg Media. At Disney, Lautenbach created digital media and
mobile consumer products, and more recently has been focused on brand development.
Further financial terms of the round have not been disclosed.
###
About Light
Light (http://light.co) is a team of creative technologists on a mission to reimagine the art and science
of photography.
About Bessemer Venture Partners
Bessemer Venture Partners (BVP) invests in early-stage, hyper-growth startups, partnering closely
with entrepreneurs to build durable businesses. BVP is a global firm with offices in Menlo
Park, Cambridge, New York, Mumbai, Bangalore, Herzliya and Sao Paolo. With $4 billion under
management, BVP invests anywhere from $100,000 to $75 million in innovative companies like
LinkedIn, Yelp, Skype, CornerstoneOnDemand, Pinterest, Box and Twilio. Over 100 BVP companies
have gone public. Learn more at bvp.com and follow us on Twitter @BessemerVP
About CRV
Founded in 1970, Charles River Ventures (CRV) has been a leading investor in early-stage
technology companies for more than forty years. CRV’s partners, all of whom are experienced
entrepreneurs and operators, are focused on helping to build world-changing companies that create
tremendous value. CRV has recently led early investments in some of the biggest consumer and
enterprise tech companies including Twitter, Yammer, Zendesk, and more. CRV has offices in
Cambridge, Mass. and Menlo Park, Calif. For more information, please visit www.crv.com.
About Dr. Paul E. Jacobs
Dr. Jacobs is executive chairman of Qualcomm Incorporated, where he is responsible for helping
guide the development of new technologies and Qualcomm’s long-term opportunities. A leader in the
field of mobile communications for more than 25 years and a key architect of Qualcomm’s strategic
vision, Dr. Jacobs spearheaded Qualcomm’s efforts to develop and commercialize mobile technology
breakthroughs that have significantly contributed to the growth of both the Company and the industry.
Important developments which began under Dr. Jacobs include: the first smartphone based on Palm
OS®; inclusion of GPS capabilities in mobile phones (which led to the acquisition of SnapTrack and
Qualcomm’s development of gpsOne position-location technology); the Brew™ system, which
enables over-the-air downloading of applications; QChat™, a Voice over IP, push-to-talk system;
Qualcomm® Mirasol™, a novel reflective display technology; and the Qualcomm® Toq™smartwatch.
Dr. Jacobs received his bachelor’s, master’s and doctorate degrees in electrical engineering from the
University of California, Berkeley.

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