Lenslet Labs Cops $26M
RAMAT-GAN, Israel -- Lenslet Labs, Ltd., a developer of
lightspeed optical signal processing technologies, today announced that
it has raised $26 million in 3rd round financing. JK&B Capital and The
Goldman Sachs Group, Inc. led the round. Other investors in this round
include eXseed Technology Investments, Walden VC and Star Ventures.
Lenslet Labs develops ultra fast digital signal processing engines based
on optical hardware, for use by original equipment manufacturers in
digital audio, video, and communications products. The company's
patented Lightspeed Single Step (LSS) technology offers breakthrough
processing capacity, deployment size, and power utilization to signal
processing applications. LSS technology takes essentially all
processing time out of the most computationally intense portions of
Digital Signal Processing (DSP) applications.
"Lenslet Labs will use the funding for further product development, expanding laboratory facilities, hiring additional staff, and expanding international marketing presence," said Aviram Sariel, General Manager of Lenslet Labs.