PrimeSense, founded in 2005 by president Aviad Maizels, CTO Alexander Shpunt, Dima Rais, Ophir Sharon, and Tamir Berliner, is run by CEO Inon Beracha. The start-up's five founders are expected to bring in about $80 million from the acquisition.The company initially showed great promise, mainly because of its close relations with Microsoft. The software giant embedded PrimeSense's technology, which comprises both hardware and software, in the Kinect system used in Xbox 360 game consoles.
Globes notes that PrimeSense's relations with Microsoft cooled, after which the company entered into lengthy negotiations with several potential buyers. Microsoft ended up acquiring Canesta, a rival of PrimeSense, and developing the gesture recognition software for the Xbox One in-house.
Apple and PrimeSense have yet to comment on the deal.
People are already in their tent waiting for the Explosive opening of 'BEST BUY'" cheap Friday""........sorry BLACK FRIDAY....Some people just can't help being trap outside their favorite gadget stores in order to buy cheap stuffs '"I GUESS"" Mostly for the children.
Technology crossover Ventures is making its biggest bet (ever/in years) by backing the entirety of Spotify new $250 million round, a source tells TechCrunch. TheWall street journal's reports of Spotify raising the round at a valuation above $4 billion is right, and it will fuel Spotify’s push to become the defacto streaming music service around the world, our source says.
This is likely TCV's biggest Investment ever. It joined a crowd of VCs in Groupon’s $950 million round in 2011, and led a few other firms into Homeaway’s $250 million Series E in 2008. While it used to do more early stage deals, TCV has been focused around the Series C and D phase of startups’ lifecycles, with recent participation in $40 million rounds for Minted and JustFab.
