PrimeSense Raises Undisclosed Amount Of Funding From Silver Lake
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Private equity firm Silver Lake is known for their investments in Skype and other technology companies. Now Silver Lake has invested an undisclosed amount in PrimeSense Inc. PrimeSense is the company responsible for designing some of the components that went into the Microsoft Kinect. Microsoft has shipped about 8 million Kinects thus far.
PrimeSense specializes in gesture recognition. At CES Asustek showed off a product called the Wave Xtion, which uses PrimeSense to navigate around the Internet and other PC software. PrimeSense also showcased some of their technology interacting with TVs. PrimeSense previously raised $9 million in funding from Israel VC firms Genesis Partners and Gemini Israel Funds and another $20.4 million round led by Canaan Partners.