Dblur Technologies Raises $6 Million in Second Financing Round.HERZLIYA Herzliya or Herzlia (hĕrtslē`ə), town (1994 pop. 83,800), central Israel, near the Mediterranean Sea. It is a resort with fine beaches, as well as an important electronics center. PITUACH, Israel -- Dblur Technologies Ltd. (www.dblur.com), developer of Software Lens(TM) Technology, has successfully completed second round financing of $6 million, led by Sequoia Capital Sequoia Capital is a venture capital firm founded by Don Valentine in 1972. The firm's partners include Don Valentine, Pierre Lamond, Michael Moritz, Doug Leone, Mike Goguen, Mark Stevens, Jim Goetz, Sameer Gandhi, Roelof Botha, and Mark Kvamme. . First round investors TempoPark Fund, advised by smac Partners' (formerly Siemens Acceleration in Communications) and Landa Ventures, established by Indigo founder Benny Landa, also participated in the new round. Dblur's technology is suitable for all digital cameras, and is therefore applicable to the cellular, digital camera, security camera, medical camera, automotive camera and other markets. The company's first target market is the mobile imaging market, which is estimated at billions of dollars and 350 million cameras in 2006. In the words of Dblur Technologies CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Eran Katz Katz , Bernard 1911-2003. German-born British physiologist. He shared a 1970 Nobel Prize for the study of nerve impulse transmission. : "The Software Lens(TM) Technology we developed provides the optimal solution for camera manufacturers because it replaces complex and expensive optical and mechanical elements and substantially lowers the camera's price. Dblur offers mobile phone camera vendors a solution for the design of higher quality miniature cameras at lower cost." Sequoia Capital is known to be extremely selective when it comes to new investments. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mr. Shmil Levy, Sequoia Capital Israel Partner: "The decision to invest in Dblur was due to the impact of the Software Lens(TM) Technology on the way digital cameras are designed, which is as substantial as the replacement of film by a digital sensor A device that measures or detects a real-world condition, such as motion, heat or light and converts the condition into an analog or digital representation. An optical sensor detects the intensity or brightness of light, or the intensity of red, green and blue for color systems. ." Headquartered in Herzliya Pituach, the company plans to recruit employees to continue developing its core technology and applications, while expanding its sales and marketing network in the international markets. |
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