Kinect Makers Raise $50 Million in Funding

January 13, 2011

The creators of the Kinect motion sensing technology for Xbox 360 are raking in the investment cash. According to Globes, Israel-based company PrimeSense has raised $50 million in funding. The cash comes from existing investment firms including Silver Lake, Gemini, Genesis, and Caanan Partners. With the additional $50 million, PrimeSense has a total investment of $79 million.

Company president Aviad Maziels says that PrimeSense has had many acquisition offers, but wants to remain independent and remain part of the business community in Israel.

"We constantly get acquisition offers, but we want to be part of an industry in Israel and we don't intend to be easily sold," he said.

While Microsoft remains its lone console partner, the company is working with other technology companies to develop new types of hands-free input solutions. Microsoft's Kinect has sold 8 million units to-date.

Source: GI.biz

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james_fudge: it sounds like if you have an HD reciever you'll be able to use it with a pass-through cable... not 100 percent sure yet05/21/2013 - 2:41pm
james_fudge: happening now http://majornelson.com/2013/05/21/xbox-one-architecture-panel/05/21/2013 - 2:20pm
E. Zachary Knight: Some reading material for Microsoft on its used games blocks. That will hurt the console more than helping. http://ezknight.net/?page_id=20505/21/2013 - 2:18pm
james_fudge: yeah good luck with over the air TV05/21/2013 - 2:12pm
E. Zachary Knight: But what if I want to only watch over the air tv? I don't subscribe to pay tv. I never will. If that is a requirement, then MS wasted 45 minutes telling me how great TV will be.05/21/2013 - 2:08pm
james_fudge: EZK it will depend on your provider, just like HBO Go i'd imagine.05/21/2013 - 2:05pm
PHX Corp: @IanC there's also a chance that those titles might be Xbox one exclusive, but it's too early to tell afaik05/21/2013 - 2:03pm
IanC: @E. Zachary Knight - MS certainly got the checkbook out for EA, so no surprise on how negative they are over the Wii U.05/21/2013 - 1:54pm
MaskedPixelante: So now I have to wonder, how many of EA's games are skipping the PS4 because of their pro-used stance?05/21/2013 - 1:53pm
E. Zachary Knight: On the TV front, does the XBox One require a cable/satellite subscription or will I be able to use my over the air channels?05/21/2013 - 1:48pm
E. Zachary Knight: Also, that name was not one of the options on our poll.05/21/2013 - 1:42pm
E. Zachary Knight: This presentation also shows why EA has been so negative about the Wii U. They have had a massive hardon for the XBox One forever.05/21/2013 - 1:42pm
james_fudge: two female presenters05/21/2013 - 1:40pm
E. Zachary Knight: Quote: Are developers forced to create games that have these online features, and are thus not playable offline? They are not, Xbox exec Whitten said to Wired — but “I hope they do.”05/21/2013 - 1:40pm
E. Zachary Knight: The Wired article I linked to earlier has a different story. While it will be possible to play offline, that is a game to game thing, not standard. http://www.wired.com/gamelife/2013/05/xbox-one-analysis/05/21/2013 - 1:39pm
Andrew Eisen: According to Geoff Keighley, Don Mattrick says Xbox One is not always on. https://twitter.com/geoffkeighley/status/33690727595023155305/21/2013 - 1:35pm
Andrew Eisen: Just like how Sim City needs the cloud for various computations. (Note to anyone unaware: Sim City does not need the cloud for various computations. That was a barefaced lie by EA Maxis.)05/21/2013 - 1:24pm
MaskedPixelante: So all in all, more of the same, with the possibility of used game restrictions and always on DRM disguised as "cloud computing".05/21/2013 - 1:20pm
Andrew Eisen: Absolutly zero gameplay footage. Doesn't look like there are going to be a lot of games ready to launch by the end of the year.05/21/2013 - 1:12pm
E. Zachary Knight: They didn't talk about any of the other exclusives. I guess they are saving that for E3.05/21/2013 - 1:06pm
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