Israel’s Mantis Vision raises $55 million in latest funding round

China-based Luenmei Quantum Co and Samsung Catalyst Fund led investors in Mantis Vision’s latest funding round.

On Monday, Mantis Vision, a high-tech Israeli firm which is in the business of providing 3D content and sharing technologies, stated it had raised $55 million in a funding round led by Samsung Catalyst Fund and China-based Luenmei Quantum Co.

Incidentally, China’s Luenmei Quantum Co and Mantis Vision have formed a joint venture to strengthen the latter’s growth in China.

According to a statement from Mantis Vision, its high-end technology has a wide gamut of usage including in the areas of professional 3D scanners and 3D smartphone cameras.

So far Mantis Vision has raised a total of $83 million; it expects to double its workforce by the end of 2020 by adding 140 employees.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s