Almalence Receives Investment from Intel Capital

imgres-1Almalence, a computational imaging startup, announced Monday it has received an investment from Intel Capital.

The amount of investment and terms of the deal were not disclosed.

The Austin-based startup, founded in 2005, plans to use the funds to develop the next version of its mobile imaging technology to enable mobile cameras to achieve the image quality level of DSLR cameras.

The two companies have also entered into a strategic collaboration, which will allow Intel to license Almalence’s technology for its own products.

“Almalence develops computational photography technologies that significantly improve the image quality of photos and videos in mobile devices,” according to a news release. “The algorithm software can be implemented on either the device’s processor, or ported directly to the image processor for best performance. It is licensed directly to OEM customers.”

Dimitry Shmunk and Eugene Panich, Russian engineers, founded the company. Almalence’s research and development team is based in Novosibirsk, Russia.

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