Eye-Fi, a company out of Mountain View, Calif. has raised $11 million in a second round of funding. Translink Capital and LMS Capital led the round with existing investors Opus Capital and Shasta Ventures participating. To date, the company has raised $17.5 million. The company makes memory cards with built-in Wi-Fi that automatically uploads photos to photo-sharing sites. CEO Jef Holove told VentureBeat that more than three million photos have been uploaded by customers since the company first started selling the product in October 2007. The funds are slated for future product development and international expansion. (Release)
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Aug 06 2008, 03:15 PM
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