Huddly gets NOK 80M in series C investment round.

Huddly, an Oslo, Norway and Palo Alto, USA-based company designing, developing and selling video collaboration cameras devices, raised NOK 80M ($9.6M).

The money represents a Series C investment funding, according to the company, contacted by Nordic 9. Earlier in 2017, Huddly raised $10M in Series B investment.

The funding, which values the company at NOK 575M ($70M), comes from new and existing investors, including Mertoun Capital, Trond Riiber Knudsen and Graham Williams. Funding will be used to strengthen the product development, as well as accelerate the development of next-generation of products.

Huddly, founded in 2013 as Kubicam by Anders Eikenes and Stein Ove Eriksen and led by CEO Jonas Rinde, is a product development company, providing an intelligent software-upgradable platform that powers Huddly GO, a product positioned as world’s smallest and most powerful video collaboration camera.

Prior to this deal, Huddly raised more than $20M in funding.