Funding

Movidius Raises $40M

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What does Movidius do?

Movidius, is a semiconductor firm and the leader in mobile vision processor technology for connected devices. It designs compact, ultralow power, high performance, and vision processing chips, computational imaging, reference designs and development tools.

Movidius’s architecture is delivering new intelligent and contextually aware experiences for wearable devices and mobile consumers and other industrial camera apps. Movidius is a start up which is backed up by Atlantic Bridge, AIB Capital Fund, DFJ Esprit, Capital-E and Robert Bosch Venture Capital.

How much Movidius was funded?

Movidius raised $40M in Series E funding on April 14th, 2015 from Summit Bridge Capital, Sunny Optical Technology, ARCH Venture Partners, AIB Seed Capital Fund, Atlantic Bridge and Capital-E, Robert Bosch Venture Capital, DFJ Esprit and Atlantic Bridge Capital.

Previous funding

  • $14M / Series A on October 17, 2008 from Enterprise Ireland, Enterprise Equity Limited, Emertec Gestion, Dublin Business Innovation Centre, Capital-E and Investment Arm
  • $7.5M in Series B on May 19, 2010 from Capital-E, Enterprise Equity Limited, Dublin Business Innovation Centre, Emertec Gestion and Celtic House Venture Partners
  • $9M in Series C on November 30, 2011 from AIB Seed Capital, Capital-E, Emertec Gestion and Celtic House Venture Partners
  • $16M in Series D on July 10, 2013 from Robert Bosch Venture Capital, Atlantic Bridge, Draper Fisher Jurvetson (DFJ), AIB Seed Capital Fund, Capital-E and DFJ Esprit

What is next for Movidius?

Movidius will use the fund to drive its software and hardware product innovation to visually sense the emerging applications, including virtual realtiy headsets, wearable, home automation, drones, transforming how users and devices interact with the world around via the vision based technology.

More about Movidius

Movidius was founded in 2006 by Sean Mitchell and David Moloney. It has its headquarters in San Mateo, CA.  It has offices in Romania, Silicon Valley and Ireland. It is a semiconductor startup which is a pioneer in mobile vision processor technology for connected devices.

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