PrimeSense develops Natural Interaction Technology that enables 3D mapping and gesture recognition capabilities in consumer electronics such as televisions, gaming systems, and personal computers. Its technology tracks body movements and gestures, allowing consumers to operate devices without a handheld device or remote control. The company said the strategic investment will help it innovate and grow. As part of the transaction, a managing director from the investor will join PrimeSense’s board. PrimeSense is headquartered in Tel Aviv and maintains offices in North America, Japan, Singapore, Korea, China and Taiwan. The article does not disclose financial terms or operating metrics. PrimeSense develops a 3D camera system that sees objects in space to enable immersive, controller-free interaction and depth-aware experiences. The technology is aimed at gaming consoles and other applications where hand gestures and spatial awareness matter. The company is described as a small Israeli firm moving out of development into sales. PrimeSense recently closed a $20 million funding round led by Canaan Partners. Gemini Israel Funds, which provided the seed funding, and Genesis Partners also participated in the round. The article notes the company previously promised working hardware in 2006 and suggests PrimeSense may sell its IP or have its technology integrated into larger consoles rather than ship standalone consumer peripherals.

Total raised

$20M

Funding rounds

2

Latest round

Equity

Latest activity

May 2008