US-based fabless semiconductor producer InVisage Technologies has secured $18m in a round backed by investors including the corporate venturing arms of phone manufacturer Nokia and semiconductor maker Intel.
Nokia Growth Partners and Intel Capital were joined by OnPoint Technologies, the strategic investment vehicle for the US Army, GGV Capital, RockPort Capital and InterWest Partners.
InVisage will invest the capital in increasing manufacturing capacity from a pilot production line in order to produce its lead product, the QuantumFilm ultra small-form camera, which is capable of producing high-quality photographs in extreme lighting conditions, to high-volume customers.
The company raised a reported $27.5m in its February 2013 series D round, which featured both Nokia and Intel, and said in a statement released in conjunction with its latest funding that it has now raised more than $100m in equity since its formation in 2006.
“QuantumFilm is one of the most exciting camera innovations we have seen in the last decade, as conventional CMOS (complementary metal–oxide–semiconductor) sensors have hit an innovation wall,” said Bo Ilsoe, a partner at Nokia Growth Partners and a board member for InVisage. “Jess has built a great team at InVisage and they are now bringing their highly differentiated products to the market.”