Samsung and Bosch took part in the series A round, which boosted the digital camera technology spinout's overall funding to $8m.
Unispectral, a digital camera technology spinout of Tel Aviv University, has closed a $7.5m series A round featuring the university’s Technology Innovation Momentum Fund, a VC fund managed by tech transfer office Ramot, Globes has reported.
Industrial product maker Robert Bosch and electronics manufacturer Samsung, which invested through respective subsidiaries Robert Bosch Venture Capital and Samsung Catalyst Fund, also supported the round, which was led by venture capital firm Jerusalem Venture Partners.
Unispectral is developing digital cameras that use hyper-spectral sensors to analyse the characteristics of its subject, distinguishing solids, liquids and gases.
The company is minimising the technology, which is typically used in laboratories, so it can be utilised by consumers through smartphones. It could also be valuable in the wearables, internet of things, industrial, agriculture, digital health and medical imaging sectors.
The round increased Unispectral’s overall funding to $8m, according to Globes. Its earlier funding came from Momentum Fund and Singaporean state-owned fund Temasek.
– A version of this article first appeared on Global Corporate Venturing.
