Internet company Yahoo acquired US-based online imaging technology provider Cooliris on Friday for an undisclosed amount, enabling backers including telecommunications company Deutsche Telekom to exit.
Founded in 2006, Cooliris creates online photo-viewing technology. Its best known product is the Cooliris 3D Wall, which gives users the chance to browse images through an immersive three-dimensional platform.
The company had reportedly raised $27.6m across three rounds, including a $9.6m series C round in 2011 backed by Deutsche Telekom through its T-Venture unit, as well as Kleiner Perkins Caufield & Byers, Westly Group and Dag Ventures.
Docomo Capital, the corporate venturing unit of telecom firm NTT Docomo, also invested an undisclosed sum in the company in 2012.
Yahoo said in a statement: “In order to build inspiring products, grow engagement, and ultimately revenue, everything starts with having the best people to help us accelerate our transformation in our growth areas. As such, we are focusing on acquisitions that align with our key growth areas: search, communications, digital magazines and video.”