Intel is paying $30-40 million for the Beit Shemesh-based gesture recognition company, which raised $14 million.
Intel Corporation (Nasdaq: INTC) has acquired gesture recognition and tracking technology software developer Omek Interactive Ltd. for $30-40 million. The Beit Shemesh-based company has raised $14 million to date.
With this acquisition, Intel is pursuing its efforts in perceptual computing and gesture recognition and 3D cameras to improve the user's experience.
Intel Capital led Omek's $7 million third financing round in July 2011 and other investors included Chestnut Street, ff Ventures and Equity Group. In recent weeks, the company tried to raise more funds but probably did not succeed.
The company was founded in 2006 by CEO Janine Kutliroff and her husband Dr. Gershom Kutliroff.
Published by Globes [online], Israel business news - www.globes-online.com - on July 16, 2013
© Copyright of Globes Publisher Itonut (1983) Ltd. 2013
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