Dual Camera Maker Corephotonics Receives $15 Million Investment From Samsung

Israeli firm Corephotonics, specialised in making dual camera setups for smartphones, has managed to raise a whopping $15 million in a funding round. The biggest investors in the company include Foxconn, Samsung, and MediaTek. The investment is significant as it indicates the importance being placed on dual camera setups, seen in such smartphones as the iPhone 7 Plus and the Huawei Mate 9.


According to Israeli publication Globes, the company says it will use the fresh investment along with current cash to develop next generation smartphone cameras, apart from increasing the penetration of existing products. Th funding will supposedly also help the company make its foray into the automotive, drone, surveillance, and action camera markets.

The company, which currently has 50 employees, will reportedly also recruit “dozens of engineers” for its Tel Aviv headquarters, apart from support and integration engineers in China and South Korea. It will also look to acquire complementary companies that work on the same imaging technologies.

This brings the total funds raised by the company to $50 million. Investors in the company also include, Magma VC, Amiti Ventures, Chinese billionaire Li Ka-shing and Solina Chau’s Horizon Ventures, OurCrowd, SanDisk, Chinese telephony services provider CK Telecom, and other private investors.

Corephotonics was founded in 2012 by electro-optics professor at Tel Aviv University David Mendlovic, imaging expert Gal Shabtay and entrepreneur Eran Kali. The company specialises in dual camera technology, inevitably bringing features that are found on professional cameras, to portable smartphones. Alongside the launch of the iPhone 7 Plus last year – an unveiling by a major manufacturer that truly heralded the birth of dual camera setups – Kali said that Corephotonics is “the inventor of the computational dual camera for smartphones,” a concept derived from its own IPs. It will be interesting to see how this technology is taken forward.

iPhone 7, Plus, and Pro model photo leak reveals dual camera and other specs

The news of an upcoming iPhone 7 and iPhone 7 Plus to be released in September this year has been doing the rounds for the last few months along with its rumoured specifications.


However, in a latest photo leak obtained by renowned leaks website NowhereElse, which was first posted on Chinese social media website Weibo, shows that not two but three models are expected to be released in Apple’s 2016 iPhone 7 line-up. While the legitimacy of the leak is yet to be verified, there have been previous reports indicating that Apple could similarly introduce a third “Pro” model to the lineup in addition to the usual 4.7-inch model and larger 5.5-inch ‘Plus’ variant. This could be the biggest release Apple’s ever had all at once.

The leaked photos indicate that there are basic upgrades in the iPhone 7 and iPhone 7 Plus with camera enhancements. Also, there is a bigger device, one with two lenses in one camera array. A device that’s meant to reflect the giant power of the iPad Pro, a device made to take the place of the mobile PC.

The photos also included a shot of the back of the devices that shows “S” markings on each phone. The next iPhone isn’t expected to be an “S” year iPhone, as Apple typically introduces those minor updates every other year.


As for differentiators between the models, an image of the back of the devices shows an iPad-like Smart Connector and dual-camera system, both previously rumoured for iPhone 7, only present on the Pro model.

The iPhone 7 will move the antenna lines that are traditionally positioned horizontally on the back of the smartphone. Now, the antennae on the new iPhone will appear on the top and bottom sides of the casing where they are less noticeable. There are also rumours of somewhat controversial removal of the 3.5mm headphone jack. However, the Plus model sports a dual-camera setup.

As the origin of the source is unknown, it is important to take this one with a pinch of salt. However, the details do line up with previous reports, which say the new iPhone would feature a dual speaker and larger camera lens. The reports also have said that aside from the new features, the iPhone 7 would resemble the iPhone 6S externally.


Watch this space for more news on iPhone 7 leak and related details.