Morpho, Inc., provider of image processing software solutions for mobile devices, has announced that it received an investment in the amount of 165 Million JPY (approx. $150 Million) from Nokia Growth Partners, the venture capital arm of Nokia. The investment from Nokia Growth Partners, its first ever in a Japanese company, follows Morpho’s recent announcement that it had received an investment from DoCoMo. With these latest rounds of funding Morpho plans to grow its overseas operations to meet the increasing demands of customers worldwide.
Rob Trice, partner at Nokia Growth Partners, said, “Morpho, Inc.’s advanced imaging software not only improves the picture quality on camera phones, but enables a variety of entertaining imaging applications for camera phone users to enjoy.” Trice further stated, “Nokia Growth Partners is pleased to have the opportunity to invest in a Japanese company with such a global perspective and great growth potential. We look forward to working with Morpho, Inc. to realize their vision that more mobile camera phone users outside of Japan enjoy the benefits of Morpho, Inc.’s superior imaging software.”
Since being established in 2004, Morpho, Inc. has built a strong following for its offerings. Industry leading solutions such as image stabilization technology PhotoSolid and video stabilization technology MovieSolid, have established the company as a pioneer in mobile imaging. It has apparently done some recent work together with Acrodea [in Japanese] for some of the latest handset models coming from DoCoMo.