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Ofoto's ability to raise this kind of capital in the face of ongoing tech-market softness speaks volumes to their ability to persevere in the space that everyone seems to agree will be a huge market in the future if various players can only hold on long enough. (None of it is part of an earlier round.) This is huge news in the online photofinishing industry, both for the magnitude of the financing, as well as for its form: Reading the fine print of the release, it seems that essentially all of this funding is in 'real money' (eg, no unsual debt arrangements, as with some recent funding announcements), and it's all new money too. See the BusinessWire press release for all the details, listing the participants in this round of financing. Ofoto will use the funding to bring its customers new products and photo services and to grow its customer base and expand the capacity of its digital photo processing labs. (Nasdaq: AAPL), Hewlett-Packard Company and Rosewood Venture Group are other new investors and initial investors Benchmark Capital and The Barksdale Group also participated in the second round.

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(today announced the close of its $41 million Series B round of financing led by Index Ventures, the European venture capital fund. We received an interesting email from our friends at Ofoto yesterday afternoon:ĮMERYVILLE, Calif.

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Another SiPix investor is apparently Palm, makers of the popular personal organisers, and SiPix is intending to make a portable thermal printer for Palm organisers as well as digital cameras. For more information, go to UPDATED 01-30-01 13:16ET: A news item from CNet adds some additional details to this. The company’s portfolio of innovative and intuitive image capture and image output products provide a complete product and service chain, from capture to print, and from hardware to media, through trend setting designs, thus enabling the sharing of images instantly and globally, at an affordable price for everyone. SiPix, Inc., a wholly owned subsidiary of SiPix Group Limited, is a leader in the manufacturing and delivery of digital imaging appliances for the consumer market. With one of the largest groups of dedicated digital imaging scientists and design engineers in the world, SiPix is well positioned to create exciting digital imaging products and become a world leader in digital imaging technology and products. In the United States, China and Taiwan, SiPix has established a total of five research and development laboratories. With dedicated plants for digital imaging appliances in Zhuhai and Shanghai, China, and an even larger new facility under construction also in Zhuhai, SiPix will have the capacity to manufacture approximately one million digital cameras per month this year. SiPix will be demonstrating its innovative consumer products in booth #825. The first group of new products will be announced at the PMA International Convention and Trade Show in Orlando, Florida on February 11-14, 2001. Other key investors include Baring Private Equity Partners, CitiCorp Capital, Worldview Technology Partners and Telligent Investment Management LLC. SiPix has received strategic funding exceeding $100 million led by Goldman Sachs, the global investment bank. a new company focused on delivering category killer digital imaging appliances to the consumer market, has officially opened its worldwide corporate headquarters. (1 million digital cameras a month?! Where can that many digicams possibly go? Stay tuned for more info, an excerpt of the press release is below: No word yet on what those products will be (stay tuned for more announcements soon), but check the numbers they're talking about for production capacity. SiPix Group has been a major contract manufacturer of digital imaging gadgets of various sorts for some time now, but are now stepping out to produce products under their own brand.

This must be the week for mega-funding in digital imaging: We also just received word of the funding of SiPix Inc, a subsidiary of SiPix Group Limited that's being spun out as a new company. UPDATED: Double Zounds!! $100MM to SiPix! Overall a very nice package! Check it out! One of their recent models embodying both these trends is the QV-2300, a 2.1 megapixel with swivel zoom lens, good exposure controls and picture quality, a raft of preprogrammed 'scene' modes, and an included MicroDrive. They've also taken the lead in the 'value' category, by bundling the 340 MB IBM MicroDrive memory cards with their cameras.

NEWS! - Digital Cameras, Digital Imaging, Digital Photography, Digital ScannersĬasio was one of the earliest innovaters in the digicam markeplace, and have steadily made their way from a primary consumer-electronics focus to a more solidly photographic one.

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