Movidius, Vision-Processor Startup, Gets $40 Million in Funding
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Movidius Ltd., an image-processing startup that was founded in Ireland and now works closely with Google Inc., raised $40 million in funding.
The financing round values the company at more than $100 million, according to a person with knowledge of the deal, who asked not to be named because the details aren’t being disclosed. Summit Bridge Capital led the round, along with ARCH Venture Partners and Sunny Optical Technology Group.