SAN JOSE, Calif. - Canesta Inc. has signed a definitive agreement to be acquired by Microsoft Corp.
Canesta is a developer of 3-D sensing technology for user interfaces and other applications. Canesta makes a single-chip 3-D sensing technology platform.
No details of the agreement have been disclosed. The acquisition is expected to be completed before the end of this year.
''Canesta has invented a family of tiny CMOS 3-D 'camera' chips that can provide a real-time, 3-D "depth map" of the surrounding area to PCs, consumer electronics devices such as televisions, videogames, or smartphones. The technology enables revolutionary 3-D user experiences that dramatically improve device functionality and convenience, and are just plain fun to use,'' according to the firm.
Last year, Canesta raised $16 million in additional capitalization. Joining returning investors Carlyle Growth Partners, Hotung Venture Group, and Venrock were two new strategic investors – Quanta Computer Inc. and SMSC.