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, a professor of electrical engineering in the Iby and Aladar Fleischman Faculty of Engineering.
To date, the business has attracted more than $50m in funding.
Samsung is an existing investor, having backed Corephotonics’ $15m series C round in 2017 alongside manufacturing services provider Foxconn, mobile semiconductor supplier Mediatek and an unnamed smartphone original equipment manufacturer.
The series C was co-led by investment firm Mizmaa Ventures and…
