Mobile imaging company Cognima has closed a US$12mn funding round. The round was led by Crescendo Ventures. All of Cognima's current investors, Atlas Venture, TLcom Capital Partners and TTP Ventures, also participated. Cognima licenses its technology to service providers in the Mobile Imaging industry: primarily mobile network operators and online photo portals. Cognima's core value proposition is revolutionising the consumer experience for moving images between camera-phones and online photo albums. For mobile network operators, this drives a substantial increase in data traffic, and therefore ARPU, as consumers transfer their photos and video clips over the mobile network. Online photo portals benefit from capturing a much greater share of the images taken on camera phones, driving revenues from photo prints and advertising.
www.cognima.com