Thursday, April 22, 2010

CIA-Backed Group Investing In Lens Start-Up

Image: LensVector's tiny lens uses no moving parts. (Credit: LensVector)

From CNET:

LensVector, a Silicon Valley start-up working on new lens technology that rids mobile phones of moving parts, has secured new funding to tailor its products for a group with a particular interest in tiny cameras: the United States intelligence community.

Specifically, In-Q-Tel, the CIA-based organization that invests in technology companies, has funded the Mountain View, Calif.-based start-up, said LensVector Chief Executive Derek Proudian. In addition, LensVector also is being paid to develop specific products through the deal with IQT.

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