Pelican Snaps Up $10M

Pelican Imaging in Mountain View announced a $10 million Series B round led by Globespan Capital Partners, with participation from previous investors Granite Ventures, InterWest Partners and In-Q-Tel. Pelican makes optics, sensors and software algorithms for smart phone cameras, enabling a thinner camera with higher quality images, and will use the new money to commercialize the technology. Barry Schiffman, a co-founder of Globespan, will join Pelican’s board.