in3Depth completes new round of financing
€8 million in strategic funding for motion control and 3D tech firm
3D, motion control and gesture recognition company in3Depth has completed the first stage of a new round of financing, securing €8 million (£6.62 m) in funding from telecoms company Belgacom and venture capital arm SRIW Techno.
The funding will be used by the company for further technology development, working capital and commercial opportunities. Current investment partners include Texas Instruments and Panasonic.
The company specialises in 3D camera technology, motion capture and gesture recognition middleware, which are increasingly relevant to the videogame industry.
"Our ambition is to build the world leader in 3D gesture and motion capture, a technology disruption of a similar magnitude to touch interfaces in smartphones." said Michel Tombroff, who is chief executive of Softkinetic, a subsidiary of the in3Depth parent company.