12:37pm PT by Carolyn Giardina
Light Field Camera Developer Lytro Raises $60M
Lytro — whose developing Lytro Cinema light-field camera system was one of the most buzzed-about technology unveilings at last year’s NAB Show — has raised $60 million in series D funding, the company announced on Wednesday.
It also reported that director Chris Milk’s Within used Lytro Immerge — a virtual reality capture technology that uses the same core algorithms as the Lytro Cinema system — on a project that’s currently in postproduction.
Lytro is also growing with the hiring of a new general manager, industry vet Buzz Hays, an alum of Sony Pictures Imageworks and Sony’s 3D Technology Center, as well as the founding president of the Advanced Imaging Society.
The funding round was led by Blue Pool Capital, whose managing partner Oliver Weisberg has joined Lytro's board of directors. Investors also include Singapore-based EDBI, China’s Huayi Media, Foxconn Technology Group, and Barry Sternlicht, chairman and CEO of Starwood Capital.
Existing investors including Andreessen Horowitz, NEA, GSV, North Bridge and Qualcomm Ventures also participated in the round.