Facial Recognition Startup MultiVu Raises $7 Million
The company’s founder David Mendlovic sold his previous startup Corephotonics to Samsung for $155 million in January
Meir Orbach : 2019-05-16T16:06:32..
Tel Aviv-based 3D imaging startup MultiVu Technologies Ltd. has completed a $7 million funding round, the company announced Thursday. The round was led by Jerusalem-based equity crowdfunding company OurCrowd Ltd. and Cardumen Capital SGEIC SA, a Spanish-Israeli venture capital fund. MultiVu was founded in 2019 by David Mendlovic, Ido Yovel and Doron Nevo. Mendlovic also founded Tel Aviv-based smartphone camera company Corephotonics Ltd., which Samsung signed a deal to acquire in January. The deal is worth $155 million, one person familiar with the matter told Calcalist on condition of anonymity at the time.
The company currently employs 7 employees, and intends to use the new round of funding to expand its team and to complete the development of its sensor for three-dimensional facial authentication applications, the company said in a statement.