Corephotonics Raises $17.8M In New Funding

February 2, 2015 | The Israeli startup Corephotonics has raised $17.8 million in funding, according to a report in “TheMarker.” The company, whose technology attempts to improve existing photography technologies within smartphones, was able to raised the funds from Amiti Ventures of Chicago. Existing investors also participated, including Magma Venture Partners, the initial investor in Corephotonics, Li Ka Shing’s Horizon Ventures and the European group BetaAngels. SanDisk, the memory card manufacturer and two strategic Chinese investors, one involved in consumer electronics and the other a content giant. The current funding round brings total investment in the company to $28.3 million since it was founded in 2012.