June 12, 2014
It was recently reported by Re/code that the two powerhouse entrepreneurs Dave Grannan and Rajiv Laroia will be joining forces to create a new photography startup, Light. They’ve already raised $9.7 million from Bessemer Venture Partners and CRV. Additiaonlly, the Qualcomm Executive Chairman Paul E. Jacobs will be joining the board of directors at Light per his investment agreement.
It’s not surprising that the company has gathered so much steam so early on in their lifespan. Grannan’s previous venture Vlingo built the technology that powers Apple’s Siri and was acquired by Nuance. Laroia, on the other hand, helped develop the LTE cell network as the CTO of Flarion Technologies.
It’s been rumored that Light will be a hardware focused startup, and the founders seem to be backing that notion. Regardless, it’s too early to tell, but we’ll keep our eyes on Light and keep you up to date.
“While we don’t have anything to announce with respect to products today, it would be impossible to ignore the growing excitement around consumer hardware ventures,” says Grannan. “Companies like Nest have shown that there is a booming appetite for experientially conceived products. And those that can show real technological differentiation seem to be all the better off in this environment. We’re excited about that.”
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