Lytro has announced that it has raised $50 million.

Lytro is transforming the camera into a powerful computational photography platform, forever changing the way everyone takes and experiences pictures. The Lytro camera offers photographic capabilities never before possible, such as focusing a picture after it's taken and changing the perspective in the picture, and creates interactive living pictures that can be endlessly refocused and enjoyed by friends and family online. Founder and Executive Chairman Dr. Ren Ng, whose Ph.D. research on light field photography won Stanford University's prize for best thesis in computer science in 2006 as well as the internationally recognized ACM Dissertation award, founded the company in 2006.