Intel Invests in Motion Sensing Technology Company
Intel said it is leading a funding round in Movea, a French developer of motion sensing technologies.
According to Intel, Movea specializes in "unique motion sensing intelligence designed for software, embedded and semiconductor solutions." The funding had a total value of 6.5 million Euros, or about $8.0 million.
Movea said that it will use the series C funding to "provide the necessary resources for [the company] to continue to grow and develop cutting-edge technology" and expand to "new motion sensing and data fusion technologies […] particularly in the consumer electronics, sports and fitness, and eHealth categories." Movea said that it currently owns 400 "technology" patents.
Up until now, Movea was focused almost exclusively on smart phones and tablets. It is rather unlikely that Intel will be moving into motion sensing technology. Intel Capital traditionally has served as a catalyst for companies that have the potential to increase demand for Intel chips.
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Wolfgang Gruener is an experienced professional in digital strategy and content, specializing in web strategy, content architecture, user experience, and applying AI in content operations within the insurtech industry. His previous roles include Director, Digital Strategy and Content Experience at American Eagle, Managing Editor at TG Daily, and contributing to publications like Tom's Guide and Tom's Hardware.
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friskiest "Movea said that it currently owns 400 "technology" patents"Reply
That made me read twice,.. well,. as long as they don't get use these patent rights to harass competitors,..
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smithabraham Well all we can say that in future we will have some good technologies, waiting for the release.Reply
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smithabraham Well all we can say that in future we will have some good technologies, waiting for the release.Reply
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