|Category||Games, Video and Entertainment|
|VENTURE FUNDING TOTAL||$3.5M|
|Series A, 10/06 ||$3.5M|
Droplet Technology develops an all-software mobile multimedia platform that “meets the image quality, power consumption, and cost objectives set by next-generation portable communications devices.” Droplet licenses the platform to leading providers of mobile multimedia services and handsets. The company has revenues to date of $2.4 million.
Their website says, “Before joining forces at Droplet, the company’s executive team members had already set industry benchmarks in semiconductor imaging arrays, video compression technology, video transmission networks, advanced processor IC’s for 3G wireless handsets and base stations, over-the-air download technologies, mobile Java applications, and performance verification of advanced wireless applications and services.”
In May 2005, Droplet signed an agreement with Komobile to jointly develop and deploy premium mobile video applications and services for the Korean market.
|Launch Date||July 26, 2007|
|Tags||droplet, mobile, video|
Droplet’s platform is trying to give consumers the ability to capture and share photographs and video on mobile devices with the same quality as stand-alone digital camera and camcorders. Their technology also reduces handset development time, increases product platform flexibility, eliminates the need for transcoding directly in handsets, reduces the computational requirements for video editing and more.