LensVector, a Silicon Valley start-up working on new lens technology that rids mobile phones of moving parts, has secured new funding to tailor its products for a group with a particular interest in tiny cameras: the United States intelligence community.
Specifically, In-Q-Tel, the CIA-based organization that invests in technology companies, has funded the Mountain View, Calif.-based start-up, said LensVector Chief Executive Derek Proudian. In addition, LensVector also is being paid to develop specific products through the deal with IQT.
Proudian declined to reveal exactly how much money is involved in the new investment and development contract. However, he did … Read more