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Samsung trains its focus on Corephotonics

Jan 15, 2019 • Callum Cyrus

Samsung is reportedly eyeing Tel Aviv University-founded smartphone camera technology developer Corephotonics for $150m to $160m after backing its series B and C rounds.

Consumer electronics producer Samsung is in advanced discussions over a $150m to $160m acquisition of Corephotonics, an Israel-based smartphone camera technology provider based on Tel Aviv University research, Globes has reported.
Founded in 2012, Corephotonics has devised a dual camera technology for smartphones that provides superior picture quality and professional-grade features.
The company’s offering includes software applications designed to handle low-level lighting and optical zoom in both photography and video.
Corephotonics is led by CEO David Mendlovic,…

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