Robert Bosch Venture Capital, the investment arm of electronics and technology company Bosch, has invested in Ident Technology AG, a small German company in the mobile and gesture-control space.
The investment was made specifically to further Ident’s development and production of a new chip for 3D gestural control.
Called the The GestIC, the chip is intended to be a a highly integrated system-on-chip for a wide range of consumer electronics devices, including smartphones, tablets, ereaders, digital cameras and video game equipment.
Ident says its e-field technology allows for real-time tracking of hand and finger movements in front of a device or display. GestIC also supports a variety of user interfaces including one-dimensional touchscreens, 3D gesture recognition and even dynamic positional input of a user’s hand in free space. The company also says it has focused on “very low power consumption” for the chip.
Here’s a concept study of what the chip can do:
“We are impressed by the technological and commercial achievements of IdentT, and by the spirit and the capabilities of its team,” said Dr. Dieter Kraft, Investment Partner for the European Region of RBVC, in a release.
“We are convinced that their technology solutions will make groundbreaking contributions to the world of human machine interfaces. Most of all, we expect Ident to prove that magically simple user interfaces are not only the territory of a few large companies.”
Existing investors MIG Funds and Danube Equity also participated in the round, which totalled €7.1 million, or around $10 million. MIG and Danube, both firms with expertise in German-speaking areas, had also contributed to Ident’s previous round of institutional financing.
In addition to gestural control, Ident also focuses on proximity recognition with low power consumption, one of the hottest areas of forward-looking mobile technologies.