Almalence Receives Investment From Intel Capital

AUSTIN, Texas, Aug. 31, 2015 /PRNewswire/ — Almalence Inc., one of the world’s leaders in computational…

Sourced through Scoop.it from: www.prnewswire.com

Almalence Inc., one of the world’s leaders in computational imaging, announces today that it has received an investment from Intel Capital, Intel’s global investment organization. The funds will be used by Almalence to develop the next generation of mobile imaging technology enabling mobile cameras to achieve the image quality level of DSLR cameras.  Intel and Almalence have also entered into a strategic collaboration, which will allow Intel to bring the benefits of Almalence’s imaging technology to Intel’s architecture.   Almalence develops computational photography technologies that significantly improve the image quality of photos and videos in mobile devices. 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. The company was founded in 2005 by Russian engineers Dmitry Shmunk and Eugene Panich, and has a track record of working with global mobile device manufacturers. Almalence’s R&D activity is concentrated in Novosibirsk, Russia.

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