Ricoh launches Theta camera, takes fully spherical images for $399

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Today Richo launched a new camera that is able to capture a full 360-degree spherical image. Dubbed the Theta, this new $399 camera features a twin-lens folded optical system that is able to capture the area around, above and below the camera. The device weighs in at just 95 grams making it one of the lightest compact cameras on the market.

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The Theta features 4GB of built-in storage which allows it to capture about 1,200 images. The camera is also capable is syncing with smartphones (just iOS at the moment) and can share images via a downloadable app. Richo says that Android support will arrive before the end of the year. Richo has also launched a dedicated website that allows users to upload their photos for quick and easy sharing via Email and social networks.