CEVA has made a minority equity investment, together with Mitsui & Co. Global Investment, in eyeSight Mobile Technologies, a developer of gesture recognition technology which is used in smartphones, tablets, PCs and TVs.
As part of the equity investment agreement, eyeSight's portfolio of touch-free interface technologies, including gesture recognition and finger tracking software, to users of the CEVA-MM3000 image signal processing (ISP) and video platform.
"This equity investment is aimed at expanding the addressable markets for our CEVA-MM3000 platform to include the burgeoning embedded vision and scene analysis arenas," said Gideon Wertheizer, CEO of CEVA.
As the complexity of gesture recognition applications grows it increases the burden on the system CPU.
CEVA's maintains that by offloading the main CPU from performing advanced gesture technologies to the CEVA-MM3000, can dramatically improve system power efficiency.
“We are pleased to strengthen our relationship with CEVA towards advancing the adoption of gesture technologies in mass market devices," said Gideon Shmuel, CEO of eyeSight.
CEVA and Mitsui & Co. Global Investment participated in the current investment round of $4.2m.
www.ceva-dsp.com/HD