Palo Alto, CA – June 15, 2013
Woodside Capital Partners International LLC, a global, independent investment bank, announces it acted as exclusive financial advisor to Movidius on its recent $16 Million Series D Funding which was led jointly by Atlantic Bridge, DFJ Esprit and Robert Bosch Venture Capital. Movidius is a developer of computational image-processing chips and software that is revolutionizing mobile imaging and computer vision.
This new round will be used to accelerate Movidius’ next-generation products and build its presence and R&D team in Silicon Valley, where its new U.S. headquarters are located. The investment will accelerate the development of Movidius’ ultralow power and high-performance, multi-core architecture, designed specifically to enable innovative imaging and vision applications that were never feasible before on mobile platforms. New applications include post-capture refocusing, high quality zoom, augmented reality simulation, gaze or gesture-based user interfaces, advanced location-based services, modeling and scanning for 3D printing.
About Movidius
Movidius designs compact, high-performance, ultralow power, multi-core, computational image-processor chips, software and development tools and reference designs, to revolutionize computational imaging and computer vision on mobile devices such as smartphones, tablets and electronic eyewear. Movidius is headquartered in San Mateo, California and operates development centers in Dublin, Ireland and Timisoara, Romania. Movidius is a venture-backed company with investors including: AIB Seed Capital Fund, Atlantic Bridge, Capital-E, DFJ Esprit and Robert Bosch Venture Capital. http://www.movidius.com
About Atlantic Bridge
Atlantic Bridge is a growth equity fund focused on technology investments with offices in Dublin, London and Silicon Valley. We believe in the entrepreneur and support management teams that have the vision and ambition to exploit major growth opportunities. Our team of seasoned entrepreneurs, experienced managers, finance professionals and investment experts possess decades of experience growing successful technology businesses globally. This wealth of experience and extensive industry contacts adds value above and beyond a purely financial investment. The firm’s investors include the founders, leading institutional investors and private investors with a track record of successful technology investments. http://www.abven.com
About DFJ Esprit
DFJ Esprit is a leading cross-stage venture capital firm that invests from seed to late stage in European technology and media companies. Members of the DFJ Esprit team have experience of investing in over 200 companies and generating strong returns for investors through building valuable companies alongside the founders and management teams. DFJ Esprit is the exclusive European partner for Silicon Valley-based VC, Draper Fisher Jurvetson, which has $7 billion under management and offices in over 30 cities around the world. http://www.dfjesprit.com
About Robert Bosch Venture Capital
Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture company of the Robert Bosch GmbH, one of the largest privately owned companies worldwide and a leading global supplier of technology and services. In fiscal 2012, its roughly 306,000 associates generated sales of 52.5 billion Euros. Since the beginning of 2013, its operations have been divided into four business sectors: Automotive Technology, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch Group’s products and services are designed to fascinate, and to improve the quality of life by providing solutions which are both innovative and beneficial. In this way, the company offers technology worldwide that is “Invented for life.” RBVC invests in start-up companies either directly or via venture capital funds on a worldwide basis. Investment focus: Technology companies along the lines of the Bosch Group’s current and future business. RBVC provides capital for minority stakes in start-ups from early to expansion stage.http://www.rbvc.com
About Woodside Capital Partners
Woodside Capital Partners is a global, independent investment bank that delivers world-class strategic and financial advice to emerging growth companies in the technology and life sciences sectors. With a strong track record in M&A, strategic partnerships and private placements, Woodside Capital Partners has been providing worldwide investment banking services since 2001. Woodside Capital Partners has offices in Silicon Valley and London, and has leading domain experience in software, Internet services, electronic communications and materials, and life sciences. WCP Research offers institutional technology research services to buy-side institutional investors and technology industry executives. The team of Woodside Capital Partners has completed transactions totaling more than $10 billion. Securities offered through Woodside Capital Securities LLC, member FINRA/SIPC. For more information, please visit www.woodsidecap.com.
Press Release Contact:
Rudy Burger
rudy.burger@woodsidecap.com
(650) 513 – 2755