Movidius, the company that makes the vision processor that powers Google’s Tango tablet, today announced that it has raised a $40 million funding round led by Summit Bridge Capital — a collaboration between Atlantic Bridge Capital and WestSummit Capital. This marks one of the largest funding rounds in a fabless semiconductor company in recent years.
New investors in this round include ARCH Venture Partners and Sunny Optical Technology Group, as well as early investors Atlantic Bridge Capital, AIB Seed Capital Fund, Capital-E, DFJ Esprit and Robert Bosch Venture Capital.
More: €38m in cash and 100 jobs in major funding round for Dublin-based tech firm (Irish Independent)
More: Movidius raises $40M to make visual sensors for the Internet of Things (VentureBeat)
Movidius, Vision-Processor Startup, Gets $40 Million in Funding (Bloomberg)