People Matters Logo

Apple buys Israel's PrimeSense for $345 million: report

• By People Matters

According a Mint report, Apple Inc. has bought PrimeSense, an Israeli maker of chips that enable three-dimensional (3D) machine vision, for $345 million. According to the Mint report, the Calcalist financial newspaper reported about the development on Sunday.

PrimeSense has raised $85 million from Israeli and the US venture capital funds such as Canaan Partners Global, Gemini Israel and Genesis Partners, Calcalist said. The report mentions a spokeswoman for PrimeSense as saying, “We are focused on building a prosperous company while bringing 3D sensing and natural interaction to the mass market in a variety of markets such as interactive living room and mobile devices. We do not comment on what any of our partners, customers or potential customers are doing and we do not relate to rumours or recycled rumours.”

Read the complete report here