Eye-Fi Raises $20 M of Series D Funding
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Tokyo, Japan – Eye-Fi, a network company and developer of the patented technology which allows networks to automatically send photos from a digital camera to online, in-home and retail destinations has raised $20 M of series D funding from NTT DoCoMo and were backed up by Shasta Ventures, Opus Capital and TransLink Capital.
NTT DoCoMo currently has 59 million subscribers in Japan and with its partnership with Eye-Fi, NTT DoCoMo’s subscribers can now upload their photos from camera to their phones and sync them to other devices. NTT DoCoMo’s funding was also considered a sign to its plan of venturing to the global markets.
With the new funding, Eye-Fi plans to develop new services aside from Wi-fi SD cards but to let the mobile phone automatically upload photos to other devices similar to iPhone apps.
Funding Total: $20,000,000
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|Investors: NTT DoCoMo, Shasta Ventures, Opus Capital, Translink Capital|