San Francisco-based Light, which develops computational imaging technology, announced it has raised $121 million in Series D funding. SoftBank, through its Vision Fund, led the round, with Leica Camera AG also participating. The company, which makes a 16-lens camera that sells for $1.95o, was founded in 2013 and has now raised $185.7 million in total funding. Light said it will use the new funding to expand beyond consumer photography and into security, robotic, automotive, aerial and industrial imaging applications. In addition, it expects to make its multi-camera technology available in a mobile phone later this year.
Source: Company announcement