August 2, 2012 - BUSINESS WIRE -- Movea, motion processing and data fusion technology developer, raised EUR6.5 million in a funding round led by Intel Capital, with existing investors iSource and GIMV.
Movea will use the funds to develop new motion sensing and data fusion technologies, enhancing its current offerings and advancing its roadmap, particularly for consumer electronics, sports and fitness, and eHealth categories. Sam Guilaumé, CEO of Movea, said the company is receiving material support for its “vision of convergence from mobile devices -- such as tablets, smartphones and Ultrabooks -- to Set Top Boxes, Activity Monitoring and Car Infotainment, etc.”
Movea’s technologies enrich user experiences a “main differentiators in consumer devices,” said Marcos Battisti, managing director, Intel Capital Western Europe and Israel. Intel Capital is increasing its involvement in the micro electro mechanical systems (MEMS) sector in general, added Erik Jorgensen, investment director, Intel Capital. “We believe the role MEMS plays in technology, particularly on the mobile side, is going to continue to increase at a rapid pace and that Movea is in a position to be a key player to help drive and enable this important evolution.”
Movea provides motion sensing and data fusion software, firmware, and IP for the consumer electronics, particularly smart phones and tablets, sports and fitness and eHealth industries. For more information, visit www.movea.com.
Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, health, consumer Internet, digital media, semiconductor manufacturing and cleantech. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com