Lytro Raises $40 Million After Leadership Change at Camera Maker
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Lytro Inc., the maker of a camera that lets pictures be refocused after they are taken, pulled in an additional $40 million in funding to release a redesigned device and get its technology into smartphones.
Lytro has now raised a total of $90 million from investors such as North Bridge Venture Partners and Andreessen Horowitz. The company will unveil a successor to its current harmonica-box-shaped digital camera in the first half of 2014, Chief Executive Officer Jason Rosenthal said in an interview.