Crescendo Ventures led the round with Atlas Venture, TLcom Capital Partners and TTP Ventures all participating
UK, 05 Jul 05 - Cognima, the effortless mobile imaging company, today announced it has closed a $12M funding round. The round was led by Crescendo Ventures. All of Cognima's current investors, Atlas Venture, TLcom Capital Partners and TTP Ventures, also participated.
280M camera-phones are forecast to be sold in 2005 with newer camera-phones having multi-megapixel resolution. These devices will account for the vast majority of digital images captured, but most of these photos remain stuck on the phone. Cognima enables camera-phone users to upload their photos and video clips effortlessly into online albums from where they can be shared and printed. This unlocks the phenomenal potential of camera-phones and enables Mobile Imaging industry players to create significant revenues from this market.
‘Crescendo is delighted to lead this investment round in Cognima,’ said Ian Jenks, General Partner of Crescendo Ventures. ‘Cognima’s technology is uniquely able to transfer photos and videos on and off mobile phones in a completely non-intrusive and totally reliable way, with just a single key press. The technology was designed to deal with the adverse real-world conditions of moving data over mobile networks whilst making the consumer experience effortless.’
‘This funding round will enable Cognima to build on its current commercial traction and seize a global leadership position within the Mobile Imaging industry,’ said Mark Bole, CEO of Cognima.
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About Cognima
Cognima is the effortless mobile imaging company.
We supply client-server software that enables photos, videos and other content to be transferred easily, efficiently and reliably over wireless networks.
Our primary product, Cognima Snap™, enables the two-way synchronisation of photos and video clips between camera-phones and online photo albums, where they can be printed, shared and stored. Cognima Snap users can upload full quality photos and video clips to an online album immediately after capture with just a single key press.
Cognima has focussed on creating an effortless user experience for Cognima Snap. We believe the user experience is the key to unlocking the huge potential created by the convergence of the mobile and imaging industries.
Cognima licenses its patented data replication technology to companies in the imaging services industry worldwide. These companies include mobile network operators, phone handset manufacturers, online photo portals, printer manufacturers and photo finishers. Cognima's customers are integrating Cognima Snap into their offerings to provide effortless mobile imaging services to their customers.
Cognima is a privately held company based in London founded by Simon East, previously VP of Technology, Symbian, in 2001.
