Camera360, one in every of the foremost fashionable mobile camera apps on the golem and iPhone, has raised US$18 million in its latest spherical of Series B funding. This new spherical of investment was semiconductor diode by SIG (Susquehanna International Group) China, with extra support from existing investors, Gobi Partners and Matrix Partners.
"This new spherical of capital can facilitate to support the company's new development and to expand management team capabilities," said Mr. Hao Xu, business executive of Camera360. "It can alter USA to create on our core competencies in mobile camera and cloud management services."
Camera360 initial debuted in 2010 on the golem platform and quickly won international recognition, as well as at the 2011 PCWorld international school Forum and additional recently at the 2013 Fortune international Forum in Chengdu, China. Today, Camera360 has launched a complete of 9 totally different merchandise, as well as the new Audio Camera application that debuted in June 2013. The Audio Camera feature records 5 seconds of audio before the shot is taken, and is supposed to assist users increase the "emotion and drama" captured by the icon.
Overall, Camera360 and its connected merchandise have received widespread support, with over one hundred fifty million users from round the world mistreatment its services nowadays.
"It has continuously been the mission of Camera360 to produce its users with comprehensive mobile photography services, from icon taking to backup, storage, management, and sharing across totally different devices and platforms." added Mr. Xu.
With this new spherical of funding, validation also will become a key strategic focus for the corporate. However, through premium service offerings, strategic partnerships, and restricted advertising techniques, Camera360 is assured that it'll be ready to build a property business whereas maintaining a equally high level of user expertise.
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