Movea, a leader in motion processing and data fusion technologies, today announced it has secured a new round of funding in the amount of 6.5 Million Euros led by Intel Capital, together with existing Investors iSource and GIMV.
“This new round of funding will help provide the necessary resources for Movea to continue to grow and develop cutting-edge technology,” said Sam Guilaumé, CEO of Movea. “The support from such industry leaders validates our vision of convergence from mobile devices – such as tablets, smartphones and Ultrabooks – to Set Top Boxes, Activity Monitoring and Car Infotainment, etc.
We’re pleased to welcome Intel Capital as an investor and value this recognition of Movea as a leading edge company in the development of motion processing and data fusion technology to enable this convergence.” Tags: venture capital,benny quetell,@resilient_ent,resilient media entertainment
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