Corephotonics

Company Overview

Snapshot

Founded in January 2012 by Prof. David Mendlovic, Corephotonics operates with 51–200 employees. The company raised a total of $43.2 million across 3 funding rounds from 13 investors. Corephotonics was acquired by Samsung Electronics in January 2019.

Business overview

Corephotonics specializes in developing advanced dual-camera technologies for mobile devices, aiming to enhance mobile photography through a combination of optics, mechanics, and computational photography. Their solutions provide professional photography capabilities such as optical zoom, improved low-light performance, Bokeh and depth features, and optical image stabilization within a slim form factor. The company collaborates with manufacturers during early design stages to tailor solutions and offers continuous support through commercialization and mass production. Corephotonics operates within the Industrial Technologies sector, specifically targeting the mobile devices market with its microelectronics and photonics solutions.

Strategic signal

In June 2023, Kyeong Keun Hyun, CEO of Samsung Semiconductor Global, visited Corephotonics' offices in Israel. This visit signals Samsung's continued strategic interest and integration of Corephotonics' acquired dual-camera imaging technologies, reinforcing the long-term value and strategic importance of the 2019 acquisition to Samsung's mobile device roadmap and broader semiconductor operations.

Company Intelligence Q&A

When was Corephotonics acquired?

Corephotonics was acquired by Samsung Electronics in January 2019 for $155 million.

What was the purpose of Samsung's CEO visit in June 2023?

In June 2023, Kyeong Keun Hyun, CEO of Samsung Semiconductor Global, visited Corephotonics' offices in Israel, indicating ongoing strategic engagement with the acquired company.

What was the outcome of the January 2017 funding round?

In January 2017, Corephotonics secured a C Round of funding from investors including Magma Venture Partners.

What was the nature of the partnership announced in February 2018?

In February 2018, Corephotonics partnered with Sunny Optical Technology to combine their manufacturing and innovation capabilities for developing dual camera products for smartphones, including wide + tele cameras and folded dual camera offerings.

What was the focus of the collaboration with OmniVision Technologies in February 2017?

In February 2017, OmniVision Technologies and Corephotonics announced a dual-camera zoom reference design for smartphones, integrating OmniVision's image sensors with Corephotonics' proprietary zoom and Bokeh algorithms to bring optical zoom capabilities to mobile devices.