The TAU 3D imaging spinout has closed its seed round after previously receiving capital from the university’s Technology Innovation Momentum Fund.
MultiVu, an Israel-based 3D imaging technology developer based on Tel Aviv University research, closed a $7m seed round on Thursday led by equity crowdfunding platform OurCrowd.
Venture capital Cardumen Capital and investment management firm Junson Capital both took part in the round.
Founded in 2019, MultiVu develops 3D imaging cameras powered by a single sensor, rather than the dual sensor and light projector setup used by many of its competitors, to keep costs and energy usage to a minimum.
MultiVu expects the approach to help capture a significant share in what it regards as the rapidly growing market for 3D imaging products.
The capital will allow it to complete development of its initial product focused on 3D face authentication. Proceeds will also support marketing and business development operations.
MultiVu’s 3D imaging concept is the result of four years of research conducted at TAU’s Iby and Aladar Fleischman Faculty of Engineering led by Prof David Mendlovic.
The project previously received an undisclosed amount of capital from TAU Technology Innovation Momentum Fund, the early-stage commercialisation vehicle established by TAU tech transfer office Ramot.
