Israel-Based 3D Startup Mantis Vision Raises $55 Million in Series D
Mantis Vision, a provider of advanced 3D sensing, volumetric content acquisition and sharing technologies, closed a Series D round of $55 million led by Luenmei Quantum Co., Ltd., a new investor in Mantis Vision, and Samsung Catalyst Fund, an existing shareholder of the company. This Series D brings total investment in the company to date to $83 million.
Founded and headquartered in Israel, Mantis Vision offers advanced 3D content capture and sharing technologies for applications from 3D cameras for smartphones, industrial/professional grade 3D camera/scanners, and up to a live 3D Volumetric studio. Mantis Vision is planning to double its global workforce with an additional 140 employees in Israel, U.S., China, and the Slovak Republic by the end of 2020.
As part of the latest series funding, the company plans to use the funds to invest in advanced R&D algorithmic research in computer vision and deep learning, advanced optics experts, mobile camera engineers, 3D apps developers and 3D Volumetric studio experts, among other open positions in program management and business development. It will also be used to accelerate Mantis Vision’s go-to-market strategy and support external growth opportunities.