GN Audio has acquired Altia Sytems for $125m, providing an exit for Intel Capital, which had backed a $10.7m series B round for the camera maker in 2014.
Semiconductor and data technology producer Intel exited Altia Systems, the US-based producer of a panoramic, high-definition camera, in a $125m acquisition by audio device manufacturer GN Audio yesterday.
Founded in 2011, Altia Systems has created a camera, Panacast, that can record 180-degree live video streams in 3D at a resolution of up to 5K. It has also developed artificial intelligence software known as Intelligent Vision that allows the camera to be used in autonomous systems.
The company has attracted more…
