Israel-based 3D scanning technology developer Mantis Vision closed a $55m series D round yesterday co-led by heat supplier Luenmei Quantum and Samsung Catalyst Fund, a subsidiary of consumer electronics producer Samsung.
Founded in 2005, Mantis Vision has developed 3D technology that can capture and share images and dimensions of objects, environments and people, allowing them to be integrated into mobile devices and professional scanners (pictured).
The technology is aimed at consumers, software developers and industry specialists. Mantis will use the series D capital for technology development, accelerating its commercialisation strategy, bolstering external growth opportunities and hiring another 140 team members.
Luenmei Quantum and Mantis have also partnered to launch a joint venture, MantisVision Technologies, that will focus on the Chinese market from offices in the cities of Beijing and Shanghai.
The company has raised a total of $83m in equity to date, it said yesterday, including $9.7m in a 2015 round led by now-defunct venture capital firm Formation 8 and backed by mobile chipmaker Qualcomm’s corporate venturing unit, Qualcomm Ventures.
Qualcomm and Samsung had previously taken part in a $12.5m round for Mantis in 2014 that also featured optical device producer Sunny Optical Technology and Lab IX, the strategic investment arm of supply chain services provider Flex.
– Image courtesy of Mantis Vision Ltd.