Intel in talks to buy Israel's InVision Biometrics

InVision develops human movement recognition technology.

Intel Corporation (Nasdaq: INTC) is in advanced talks to buy InVision Biometrics Ltd. for $50-60 million. Intel is looking to acquire applications which provide hands-free 3D sensors.

InVision has raised $2 million since its founding. If the company is acquired, this will have been an extremely successful exit for its investors. InVision CEO Sagi Ben Moshe declined to comment.

InVision was founded in 2007 by Ben Moshe and Prof. Ron Kimmel. Employing 3D reconstruction technology developed at the Technion Israel Institute of Technology, InVision's processor can recognize human movement, interpret it and adapt it to InVision's digital space. The company has no revenue yet, and the large amount Intel is offering proves how much it values InVision's technology. The acquisition by Microsoft of Connect's Xbox console, which also recognizes hands-free human movement, is another example of the significance of this type of application.

Published by Globes [online], Israel business news - - on October 30, 2011

View comments in rows
Update by email about comments talkback
Your name
Please insert your name
Hyperlink in a new window Hyperlink Right Left underline italic bold Bulleted List Ordered List Face1 Face2 Face3 Face4 Face5 Face6
Your comment

You comment was recieved and soon will be published.
In posting comments, I agree to abide by the Terms of Use
Globes encourages lively and frank debate, but posts that the editors consider merely abusive or otherwise inappropriate will be removed. Report inappropriate content
Thank you for posting your comment, which will be reviewed for publication.
Loading Comments...load
Load more comments
Twitter Facebook Linkedin RSS Newsletters גלובס Capital  Markets Conference 2017