US-based fabless semiconductor producer InVisage Technologies has raised $32.5m in a series F round that included the corporate venturing units of semiconductor technology producer Intel and smartphone maker Nokia.
Intel Capital and Nokia Growth Partners were joined by China Oceanwide USA Holdings, the US subsidiary of China-based mainland property developer and financing company China Oceanwide, GGV Capital, InterWest Partners and RockPort Capital.
The company has now raised more than $130m in funding since its incorporation in 2006. It used an $18m series E round in April 2014, which included Intel and Nokia, to fund the mass-scale production of its lead product, QuantumFilm.
InVisage develops camera technology capable of taking images in extreme light conditions.
QuantumFilm is said to absorb light ten times faster than the traditionally used silicon alternatives and enables users to shoot pictures and videos with higher fidelity and more natural colours.
Jess Lee, chief executive of InVisage, said: “We are delighted to continue to attract market-driving investors. These partners bring solid validation on an increasingly global scale. We are pleased to welcome Oceanwide as part of our broad initiative to address the China market.”