LiteCap
21850 Bear Creek Rd, Los Gatos, California, 95030, United States
Overview
LiteCap is a private equity firm that discovers, funds and fosters the growth of next generation companies who are likely to have a profound impact on the world they live in. The LiteCap team has an unparalleled record of success. They have spent their careers breaking new ground and building successful businesses that ultimately made a significant impact on the world and the industries they served. They have lived this path in Silicon Valley, in Europe and in Asia, which enables us to deploy not only funds but senior-level strategy in addition to a highly valuable network of clients and partners. Building a successful business is a process and requires the right balance of passion, vision, conviction and a customer-centric attitude in order to thrive. These are the leaders they look for, these are the qualities they invest in.
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Finance
Investment portfolio
- Spektral
Led · Equity · Jun 2017
Spektral is a Danish visual-effects startup building real-time green-screen technology that uses machine learning and spectral graph theory to separate people and objects from backgrounds. The team originally worked on still-frame cutouts under the name CloudCutout and is now moving into live video. Spektral has invested heavily in research and development and is accumulating patents rather than shipping a traditional product today. The company aims to enable uses in production, advertising and potential integrations with platforms like Snapchat or Messenger. Future work the team has flagged includes more complex video editing and object manipulation. To accelerate development and credibility, Spektral added Danny Lange, formerly head of machine learning at Unity, to its board. CloudCutout is a Copenhagen-based startup applying machine learning to automate image background removal, initially targeting school photography and product shots. Its algorithm, developed by co-founder Toke Jansen (machine-learning PhD), was trained on more than 100,000 professional cutouts and uses spectral graph theory and neural networks to compute alpha channels. The company charges $0.25 per image with a 50,000-images-per-year minimum, positioning itself to undercut the standard bulk cost (about $0.50). CloudCutout is launching a school cutouts service initially limited to green-screen knockouts and plans to expand to other backgrounds. Later this year it intends to release a Photoshop plug-in (likely freemium with subscription tiers) so designers can manually tweak results. To scale processing, CloudCutout runs neural computations on IBM SoftLayer (NVIDIA Tesla K80 GPUs) while hosting remaining infrastructure on AWS.
- Cylindo
Participated · Equity · Mar 2015
Cylindo builds 3D furniture visualization tools, including a 360-degree furniture viewer, a customization tool called the furniture builder, and a room planner. The company's technology originated in the games industry and is being used both online and in brick-and-mortar stores to show many configurable options. Cylindo says its products drive higher conversion rates, larger orders, and lower churn for retailers and manufacturers. Its technology is live on more than 1,500 stores and e-commerce sites, including Steelcase, Lovesac, and Gallery Furniture. The company has offices in Copenhagen and San Francisco. Cylindo raised $1M in new funding to support expansion in the United States and to eventually broaden beyond furniture.
Team
No current team members are available.