Imaging specialist Wooptix secures US$3.3 million in Series-A funding
Wooptix, the first spin-off company from Universidad de La Laguna in Tenerife, Spain, has today announced a Series A funding of US$3.3 million. The funding will be used to develop Wooptix’s Natural3D software to provide advanced imaging capabilities for smartphones and other devices at full resolution.
The technology has broad applications, from 3D acquisition using a single camera of a mobile phone to high precision measurements for industrial purposes using portable devices. Natural3D technology can be implemented for both photo and video acquisition using a single camera with standard optics.
Professor José Manuel Rodríguez-Ramos, the inventor behind Wooptix’s technology, is leading a team of highly experienced imaging and optical engineers who have successfully proven the technology in the astrophysics field, and now aim to develop new applications in the medical, industrial and consumer electronics market segments.
“N3D is a significant advance in imaging technology and will help bring new capabilities of augmented reality and 3D vision to the next generation of smart devices,” said Javier Párraga, co-founder and CEO.
“Already, Natural3D has the power to transform any standard camera into a 3D one. This is just the beginning,” added Professor Rodríguez-Ramos.
Led by the Spanish VC Bullnet Capital and Intel Capital along with the participation of Spain’s Caixa Capital Risc, the venture capital division of “la Caixa”, this round will help Wooptix to tailor their imaging technology for different platforms.
Erik Jorgensen, director at Intel Capital and Javier Ulecia, partner at Bullnet Capital, will join Javier Párraga and Javier Elizalde (co-founders) on the company´s Board.