Tel Aviv company Elron Electronic Industries said that its 3DV Systems unit has reached an agreement with Kleiner Perkins and Pitango Venture Capital for a $15 investment into 3DV.

It is just the latest move by local valley firm Kleiner Perkins to expand its focus outside of Silicon Valley.

Elron’s statement is here.

Elron owns 62 percent of 3DV, a company that says it has developed video camera technology that captures the depth dimension of objects in real time, enabling it “to sense motion and recognize shape within a dynamically defined three-dimensional space.” It wants to supply camera chipsets to the video gaming and PC webcam markets.

The transaction is subject to certain closing conditions, and there is no assurance that the transaction will be completed, the company said.

(This story was first posted 11/22)

VentureBeat

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member