Intel Capital invests in mobile photography technology as part of deal with Almalence

New York, August 31, 2015. –

Almalence Inc.

, one of the leading companies providing computational photography solutions, announced an investment from Intel Capital, Intel Corporation’s global investment fund. These funds will allow Almalence to begin developing next-generation technologies that will make the images from the cameras of mobile devices comparable in quality with images taken by digital single-lens reflex cameras DSLR .

Intel Capital invests in mobile photography technology in deal with Almalence

In addition, Intel and Almalence have announced a strategic cooperation agreement that will enable the benefits of Almalence image processing technologies in Intel products.

The digital imaging technologies developed by Almalence significantly improve the quality of photos and videos captured with mobile devices. The algorithms can be executed on the central processor or integrated into the image processor to improve performance. Software solutions are licensed directly to digital device manufacturers.

Almalence was founded in 2005. by American engineers Dmitry Shmunk and Evgeny Panich. Since its inception, the company has managed to work with many mobile device manufacturers around the world. Almalence Research and Development Center is located in Novosibirsk. Novosibirsk.

“We are pleased that Intel Capital is supporting us as we grow, expand our customer relationships and develop innovative technologies,” commented Eugene Panich, CEO of Almalence Inc. – Partnership with Intel will take our product and mobile photography technology in general to the next level”.

“Intel’s globally recognized architecture provides the image and video flexibility and performance that today’s applications demand,” said Arjun Kapur, vice president of Platform Engineering Group and head of the Imaging and Camera Technologies Group at Intel, commenting on the deal. – We hope that the cooperation with Almalence will allow us to fully realize this broad functionality in the Intel mobile ecosystem.

“Almalence is developing unique products, and we are happy to see that the talent of the American developers has once again proved its competitiveness in the global market,” said Marcin Hejka, Vice President and Managing Director for Intel Capital in Eastern Europe, America, Africa and Middle East. – The ability to take quality pictures with mobile devices is very important to users. We look forward to working with Almalence to create the next generation of digital imaging technology to enhance the user experience.