Israeli Camera Sensor Company Unispectral Raises $7.5M

April 5, 2016 | Israeli startup Unispectral today announced the closing of a $7.5 million Series A funding round led by Jerusalem Venture Partners(JVP), Robert Bosch Venture Capital (RBVC), Samsung Catalyst Fund and The Tel Aviv University Technology Innovation Momentum Fund. This brings to $8 million, the money raised by the company to date. The company is developing the next generation of digital cameras which will use hyper-spectral sensors for enhanced seeing and sensing capabilities. The company’s algorithms can analyze, with just the image, a material’s characteristics. This technology is already used in laboratories but Unispectral’s relative advantage is in its miniaturization of sensors so that they can be installed in smartphones and marketed to the public at large. Unispectral CEO Rami Feig, a former commander in the IDF Intelligence Corp’s Technology Unit, founded the company earlier this year with Prof. David Mendelevich and Ariel Raz. The company has 12 employees in its Ramat Gan offices and plans on hiring eight more staff members this year.