LONDON Ė Robert Bosch Venture Capital has led an investment of 7.1 million euro (about $10 million) in Ident Technology AG (Gilching, Germany), a developer of electric field sensors that can be used for 3-D gesture recognition.
Bosch participated with existing investors MIG Funds and Danube Equity and the money is intended to support introduction of a 3D gesture recognition chip.
"Our Z-Sense technology is all about making the user experience natural, intuitive, simple and fun," said Roland Aubauer, chief technology officer of Ident, in a statement. "With our proximity technology already in production we have decided to take our innovations further and launch our own GestIC chip for the fast growing three-dimensional gesture control market in 2012."
The GestIC is set to address needs of mobile devices, consumer electronics and allows real-time tracking of free-space hand or finger movements in front of a device or display. The chip enables a broad range of signals from simple touch detection to complex 3-D movements.
The technology advantages lie in its range, high resolution, robustness and low power consumption, Ident said.
"We are convinced that their [Ident's] solutions will make groundbreaking contributions to the user interface world and are happy to support their mission," said Dieter Kraft, Investment Partner at Robert Bosch Venture Capital.
Ident was founded in 2002 by Peter Rosenbeck who has led the company as chairman of the board since then.
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