US Firm Metalenz Acquires Israeli Startup PxE Imaging
Translated & summarized from TheMarker by baba
Boston-based Metalenz has acquired Israeli startup PxE Imaging, which develops low-light photography technology. Founded in 2018, PxE Imaging had previously raised $6.5 million from investors including Merck's venture arm. The terms of the acquisition by Metalenz, a developer of optical and sensing components, were not revealed.
The story in 5 lines · by baba
- Metalenz, a Boston company, acquired Israeli startup PxE Imaging.
- PxE Imaging specializes in technology to improve photography in the dark.
- The startup was founded in 2018 by Yoav Berlatsky and Yinir Khaynik.
- PxE Imaging had previously raised $6.5 million from investors.
- Investors included M Ventures, the venture arm of Merck.
Boston-based Metalenz has announced the acquisition of PxE Imaging, a small Israeli startup from Rehovot specializing in low-light photography technology. The terms of the deal were not disclosed. PxE Imaging, founded in 2018 by Yoav Berlatsky and Yinir Khaynik, had previously raised $6.5 million across two funding rounds. Investors included M Ventures, the venture arm of pharmaceutical company Merck, and KDT, along with a grant from the Israel Innovation Authority.
Metalenz, which develops optical and sensing components for cameras, is based in Boston. PxE Imaging, with its focus on enhancing dark photography, employs a small number of staff.
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