Corephotonics

Company Overview

Snapshot

Founded in January 2012 by Prof. David Mendlovic, Corephotonics operates with 51–200 employees. The company raised $43.2M across 3 funding rounds from 13 investors before being acquired by Samsung Electronics in January 2019.

Business overview

Corephotonics specializes in developing dual-camera technologies for mobile devices, focusing on enhancing the mobile photography experience. The company integrates optics, mechanics, and computational photography to deliver superior image quality. Their end-to-end multi-aperture solutions provide professional photography capabilities such as optical zoom, low-light performance, Bokeh and depth features, and optical image stabilization, all within a compact form factor. Corephotonics collaborates with manufacturers from early design stages through commercialization and mass production, tailoring solutions to specific design and imaging requirements for the consumer electronics and mobile devices markets.

Strategic signal

In January 2019, Corephotonics was acquired by Samsung Electronics. This acquisition by a major global technology conglomerate validates Corephotonics' pioneering work in dual-camera imaging and computational photography, signaling a strategic move by Samsung to integrate advanced mobile camera technology directly into its product development. For investors, this demonstrates the high value placed on specialized imaging IP within the competitive mobile device market and the potential for strategic exits for companies innovating in core hardware components.

Company Intelligence Q&A

What was a significant corporate milestone for Corephotonics?

Corephotonics was acquired by Samsung Electronics in January 2019, marking a significant exit for the company and its investors.

Which investors participated in Corephotonics' January 2017 funding round?

In January 2017, Corephotonics received funding from investors including Magma Venture Partners.

Which investors participated in Corephotonics' February 2015 funding round?

In February 2015, Corephotonics received funding from investors including Magma Venture Partners and OurCrowd.

Which investors participated in Corephotonics' January 2013 funding round?

In January 2013, Corephotonics received funding from investors including Magma Venture Partners.

What was the nature of the partnership announced in February 2017?

In February 2017, OmniVision and Corephotonics announced a dual-camera zoom reference design for smartphones, indicating a collaboration to advance mobile imaging technology.