HERZLIYA, Israel, November 22, 2011 /PRNewswire/ --
eyeSight Mobile Technologies, a developer of touch-free
interfaces for digital devices, announced today that it had
completed a $4.2 million Series B
round of funding.
The investment round was led by strategic investors CEVA, Inc.
(NASDAQ:CEVA) (LSE:CVA), the leading licensor of silicon
intellectual property (SIP) platform solutions and DSP cores, and
Mitsui & Co. Global Investment, the investment arm of
Japan's trading giant Mitsui &
Co., Ltd., which invests in medical healthcare, Cleantech, IT and
consumer services.
Current investors also participated, including Prof. Eli Talmor,
founder and chairman of the Coller Institute of Private
Equity at the London Business
School, who is the largest investor in eyeSight.
"The addition of proven market leaders such as CEVA and Mitsui
emphasizes their strong belief in eyeSight's innovative Gesture
Recognition Technology and our ability to bring it to the mass
market," said Gideon Shmuel,
eyeSight's CEO. "Our investors realize that our software, which can
be easily integrated into devices, chipset, operating systems and
applications, provides an easy way to extend the normal user
interface into new areas, offering greater interaction and user
experience."
CEVA, with its leading position in the DSP IP market and its
strong presence across many devices and vendors in the handset and
consumer electronic market, will boost eyeSight's reach. Moreover,
Mitsui's prominent position in the Japanese market will help
eyeSight in its attempt to expand its presence in that strategic
local market.
eyeSight will offer its advanced portfolio of touch-free
interface technologies, including gesture recognition and finger
tracking software for users as part of the CEVA-MM3000 image signal
processing (ISP) and video platform. The combined offering delivers
an ultra-low power, software-based solution enabling the
cost-efficient deployment of gesture recognition technologies in
mass market devices.
"The combination of the fully programmable CEVA-MM3000 together
with eyeSight's industry-leading gesture technology clearly
demonstrates the versatility of our powerful, software-based ISP
and video platform significantly," said Gideon Wertheizer, CEO of
CEVA. "This partnership expands the market reach for our
CEVA-MM3000 platform to include the burgeoning embedded vision and
scene analysis arenas and we are excited to bring the two companies
closer together through this equity investment."
"Mitsui & Co. Global Investment Ltd. is delighted to have
invested in eyeSight to support the continued success of its
innovative gesture recognition technology that will help transform
the way individuals interact with devices," said Katsuhiko Oizumi, CEO of Mitsui & Co. Global
Investment Ltd. "We are excited at the prospect of working with the
talented management team and the high quality co-investors to
establish eyeSight as a key player in the gesture recognition
market."
About eyeSight
eyeSight Mobile Technologies is a leader in touch-free
Interfaces for consumer electronics. Its technology allows users to
control mobile and portable devices with simple gestures by using
the built-in camera, advanced real-time image processing and
machine vision algorithms.
eyeSight will showcase its gesture recognition technology for
Smart-TVs and digital devices at the 2012 International CES
show on January 10-13 in Las Vegas.
For more information, visit http://www.eyesight-tech.com.
About CEVA Inc.
CEVA is the world's leading licensor of silicon intellectual
property (SIP) DSP cores and platform solutions for the mobile
handset, portable and consumer electronics markets. CEVA's IP
portfolio includes comprehensive technologies for cellular baseband
(2G / 3G / 4G), multimedia (HD video, Image Signal Processing (ISP)
and HD audio), voiceover packet (VoP), Bluetooth, Serial Attached
SCSI (SAS) and Serial ATA (SATA).
Today, more than one in every three handsets shipped worldwide
is powered by a CEVA DSP core.
For more information, visit http://www.ceva-dsp.com.
About Mitsui & Co. Global
Investment
Mitsui Global Investment (MGI) is a subsidiary of Mitsui &
Co., Ltd., which invests in opportunities that have potential for
growth. Headquartered in Tokyo,
the company has offices in Silicon Valley, New York, Shanghai and Beijing and its investments reach beyond these
geographical barriers, reflecting a diversified global
portfolio.
For more information, visit http://www.mitsui-global.com.
Company contact:
Liat Rostock
Marketing Director
eyeSight Mobile Technologies
Email: Liat.Rostock@eyesight-tech.com
Mobile: +972-54-4670-162
SOURCE eyeSight Mobile Technologies