Kinect Makers Raise $50 Million in Funding

January 13, 2011 -

The creators of the Kinect motion sensing technology for Xbox 360 are raking in the investment cash. According to Globes, Israel-based company PrimeSense has raised $50 million in funding. The cash comes from existing investment firms including Silver Lake, Gemini, Genesis, and Caanan Partners. With the additional $50 million, PrimeSense has a total investment of $79 million.

Company president Aviad Maziels says that PrimeSense has had many acquisition offers, but wants to remain independent and remain part of the business community in Israel.

"We constantly get acquisition offers, but we want to be part of an industry in Israel and we don't intend to be easily sold," he said.

While Microsoft remains its lone console partner, the company is working with other technology companies to develop new types of hands-free input solutions. Microsoft's Kinect has sold 8 million units to-date.

Source: GI.biz

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prh99I would be shocked if Nintendo said it was region free, or even made it optional like XBox 360 for that matter.09/02/2014 - 7:22pm
Matthew WilsonI should say the recent past.09/02/2014 - 6:58pm
Matthew Wilsongiven their past, I do not blame people for thinking they will not change. I think they will keep region locking too.09/02/2014 - 6:48pm
E. Zachary KnightMan. People have no confidence in Nintendo regarding region locking the New 3DS.09/02/2014 - 6:20pm
Andrew EisenThat doesn't mean there has to be a movie though. Having said that, I've no doubt that we will eventually get a Black Panther movie. But Stan Lee will probably learn about it around the same time you and I do.09/02/2014 - 2:34pm
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E. Zachary KnightYes, but it has never been confirmed as in development, or even pre-production.09/02/2014 - 2:21pm
MaskedPixelanteBlack Panther's been on the short list for a while.09/02/2014 - 2:18pm
E. Zachary KnightIt is possible that Stan Lee mispoke. I don't think he knows everything Marvel movies. But it is a sweet idea if true.09/02/2014 - 2:04pm
Andrew EisenSo says Stan Lee who almost certainly wouldn't know.09/02/2014 - 2:04pm
MaskedPixelantehttp://www.cinemablend.com/new/Marvel-Black-Panther-Movie-Confirmed-By-Stan-Lee-66993.html Black Panther is apparently getting a movie. And maybe one for Black Widow, even though I think it's too late for her.09/02/2014 - 1:53pm
Cheater87Look what FINALLY came to Australia uncut! http://www.gamespot.com/articles/left-4-dead-2-gets-reclassified-in-australia/1100-6422038/09/02/2014 - 6:49am
Andrew EisenHence the "Uh, yeah. Obviously."09/02/2014 - 12:53am
SleakerI think Nintendo has proven over the last 2 years that it doesn't.09/02/2014 - 12:31am
Andrew EisenSleaker - Uh, yeah. Obviously.09/01/2014 - 8:20pm
Sleaker@AE - exclusives do not a console business make.09/01/2014 - 8:03pm
Papa MidnightI find it disappointing that, despite the presence of a snopes article and multiple articles countering it, people are still spreading a fake news story about a "SWATter" being sentenced to X (because the number seems to keep changing) years in prison.09/01/2014 - 5:08pm
Papa MidnightAnd resulting in PC gaming continuing to be held back by developer habits09/01/2014 - 5:07pm
Papa MidnightI find it disappointing that the current gen of consoles is representative of 2009-2010 in PC gaming, and will be the bar by which games are released over the next 8 years - resulting in more years of poor PC ports (if they're ever ported)09/01/2014 - 5:06pm
Andrew EisenMeanwhile, 6 of Wii U's top 12 are exclusive: Mario 3D World, Nintendo Land, Pikmin 3, Mario Kart 8, Wonderful 101, and ZombiU. (Wind Waker HD is on the list too but I didn't count it.)09/01/2014 - 4:36pm
 

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