January 11, 2017 | Israeli startup Corephotonics, which is developing dual camera technologies for smartphones, has completed a $15 million financing round. Since it was founded in 2012 by CEO Prof. David Mendlovic and VP R&D Dr. Gal Shabtay, the Tel Aviv based company has raised more than $50 million. Strategic investors participating in the financing round are Samsung Ventures; Foxconn, and Taiwan’s MediaTek. Two additional investment funds participated in this funding round, one from China and the other from Hong Kong. Corephotonics’ current investors include Magma VC, Samsung Ventures, Amiti Ventures, Chinese billionaire Li Ka-shing and Solina Chau’s Horizon Ventures, OurCrowd, SanDisk, Chinese telephony services provider CK Telecom, and additional private investors.
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