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January 07, 2008
French Startup Movea Raises €7.3M
Movea SA, an eight month old French startup that develops motion sensing technologies, has raised a first round of €7.3M from French VC fund I-Source Gestion and Belgium-based GIMV.
Co-investing is a Thomson SA subsidiary and the French research institute CEA (the startup is a spinoff of the CEA-LETI research institute).
Gyration makes a gyroscope-based wireless mouse that doesn't need to be on a desktop to do the point and click thing. It also makes a programmable remote that can be used with TVs, sound systems, and other electronic gadgets in the home. It was purchased from Thomson.
Movea’s technology is similar but based on a different and complementary set of sensors, that it claims can be used in motion-aware devices that are smaller, lighter weight, with prolonged battery life, and increased responsiveness to hand movements.
View Movea
Posted on January 7, 2008 03:27 PM | Posted to News And Updates | Permalink
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