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Lytro Raises $40 Million In Funding - Lytro has announced a $40 million round of financing, and is looking to expand its range.
Lytro has announced that it has raised a $40 million round of financing from new investor North Bridge Venture Partners along with existing investors Andreessen Horowitz, New Enterprise Associates (NEA) and Greylock Partners. Jonathan Heiliger, a partner at North Bridge Venture Partners, will join the company’s board of directors.
The funding will allow Lytro to apply their technology to new categories, and the company is focusing on solving consumer professional and business problems.
"The opportunity to build a new set of creative tools for 21st century storytelling is monumental and we’re excited to embark on the next phase of our journey," said Jason Rosenthal, CEO, Lytro.
"This additional funding will help fuel Lytro’s continued growth and the expansion of Light Field photography with new products and audiences." Founder Ren Ng added, "We're thrilled to continue our momentum unleashing the full potential of Light Field Photography and living pictures."
For more information on the Lytro camera, take a look at our review, and the Lytro website.