Fyusion Raises $3.4M to Help People, Robots Make Use of 3-D Images

Fyusion Inc. raised $3.35 million in Series A funding to develop advanced, 3-D image-processing technologies and to promote Fyu.se, a 3-D photo-sharing app now available for users of iOS mobile devices.

New Enterprise Associates and the University of Tokyo Edge Capital (UT-EC) led the investment, joined by angel investors including Sun Microsystems Inc. co-founder Andreas Bechtolsheim, and James Joaquin, the former chief executive of online photography service Ofoto.

Fyusion co-founder and CEO Radu B. Rusu says his 10-employee San Francisco startup is still developing a long-term business model, but generates some revenue today through licensing its technology to makers of wearable technology, mobile devices and apps that run on these.

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Read the release here.