Movea Raises €6.5M in Funding
Movea, a Grenoble, France-based provider of motion processing and data fusion technologies, has raised €6.5m in new funding.
The round was led by Intel Capital, with participation from existing Investors iSource and GIMV.
The company intends to use the funding to continue to grow and develop new motion sensing and data fusion technologies to enhance its current offerings.
Led by CEO Sam Guilaumé, Movea provides motion sensing and data fusion software, firmware, and IP for the consumer electronics, particularly smart phones and tablets, sports and fitness and eHealth industries. Its proprietary SmartMotion™ technology enable customers and partners to add motion intelligence to their products.
Movea has a global presence with a U.S. subsidiary in Silicon Valley, California, as well as technology and manufacturing partners and distributors around the world.