Pelican Imaging Secures $20M In Funding From Qualcomm, Nokia Growth Partners, And Current Investors

Pelican Imaging Secures $20M In Funding From Qualcomm, Nokia Growth Partners,
                            And Current Investors

PR Newswire

MOUNTAIN VIEW, Calif., April 30, 2013

MOUNTAIN VIEW, Calif., April 30, 2013 /PRNewswire/ --Pelican Imaging, the
inventor of groundbreaking array camera technology for mobile devices, has
announced the closing of $20M in Series C funding. New strategic investors
include Qualcomm Incorporated, acting through its venture investment group,
Qualcomm Ventures, and Nokia Growth Partners, and the round includes existing
venture investors Globespan Capital Partners, Granite Ventures, InterWest
Partners and IQT.

"We're excited to take the company to the next level," said Pelican Imaging
CEO and President Christopher Pickett. "The support from industry leaders like
Qualcomm Ventures and NGP really underscores the validity of our technology in
the marketplace. The continued backing from our current investors is a
reflection of their confidence in our technology and our ability to execute in
order to disrupt the mobile photography space."

Pelican Imaging's computational camera technology provides depth mapping at
every pixel, enabling "the perfect picture" every time and allowing users to
perform an unprecedented range of selective focus and edits, both pre- and
post-capture. The camera itself is about 50% thinner than existing mobile
cameras.

As Nokia Growth Partners Managing Partner Bo Ilsoe noted, "Pelican Imaging's
computational camera solutions are at the cutting edge of mobile camera
technologies. We believe they're positioned to lead the next wave in video and
image capture; they're a great addition to our portfolio of innovators in the
imaging space."

About Nokia Growth Partners
Nokia Growth Partners invests in companies that are changing the face of
mobility, communications and the internet. NGP offers industry expertise,
capital and an extensive network, enabling entrepreneurs to build disruptive,
industry-changing companies and take them to the global market. With offices
in the US, Europe, India and China, NGP extends the reach of companies making
their products and services local everywhere. Visit
www.nokiagrowthpartners.com for more information.

About Pelican Imaging
Headquartered in Mountain View, California, and founded in 2008, Pelican
Imaging Corporation is a venture-backed camera solution company in the
business of commercializing computational array cameras for consumer camera
markets. Pelican's array camera directly addresses the challenges posed by
conventional camera design and small pixels. Investors include Qualcomm, Nokia
Growth Partners, Globespan Capital Partners, Granite Ventures, InterWest
Partners and IQT. For more information, visit www.pelicanimaging.com.

SOURCE PELICAN IMAGING CORPORATION

Website: http://www.pelicanimaging.com
Contact: Lisa Garvey, Marketing Communications, Pelican Imaging,
Lisa@pelicanimaging.com, 408.439.1377
 
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