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Unquote
  • DACH

Bosch invests in IDENT

  • Diana Petrowicz
  • 05 September 2011
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Robert Bosch Venture Capital (RBVC) has backed IDENT Technology in a €7.1m round together with existing investors MIG Funds and Danube Equity.

The capital will allow the company to further pursue its growth plans and introduce its 3D gesture recognition chip.

The venture capital investor was convinced by the technological and commercial achievements of the business and the capabilities of the management team. RBVC is looking forward to supporting the firm's impact on the user interface market.

IDENT Technology

  • DEAL:

    Early-Stage

  • VALUE:

    €7.1m

  • LOCATION:

    Gilching

  • SECTOR:

    Semiconductors

Company
Based in Gilching, IDENT Technology provides intellectual property and semiconductor solutions for the consumer electronics industry. The firm is looking to launch its own GestlC chip which will be applied in the 3D gesture control market. It enables a range of signals such as touch detection as well as 3D gesture recognition and dynamic positional data of the user's hand.

People
Dr Dieter Kraft is investment partner at Robert Bosch Venture Capital and Michael Motschmann is CEO at MIG.

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