TECH in AMERICA (TiA)

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Intel buys Israeli startup Omek Interactive for close to $50 million

Startup developed software for creating a gesture-recognition interface based on information provided by a 3-D camera.

by Inbal Orpaz, courtesy Haaretz

Microchip maker Intel has acquired the Israeli gesture recognition startup Omek Interactive for close to $50 million, TheMarker has learned.

Among the backers of Omek, which raised $14 million in funding, was Intel Capital, Intel’s global investment arm. Omek’s 150 employees located in Haifa are expected to be integrated into Intel’s work force.

Intel confirmed the acquisition in a deal concluded last week, saying: “The acquisition of Omek Interactive will help increase Intel’s capabilities in the delivery of more immersive perceptual computing experiences,” referring to next-generation user interfaces.

Omek Interactive developed software for creating a gesture recognition interface based on information provided by a 3-D camera. In March, the VentureBeat website reported talks being held between Intel and Omek, mentioning that Qualcomm and Samsung had also expressed an interest in making a bid for the Israeli company.

Omek Interactive was founded in 2007 by CEO Janine Kutliroff and her husband Gershom Kutliroff, the company’s chief technology officer.

This is Intel’s second Israeli acquisition in this field. In January 2012 it bought out Yokneam-based inVision Biometrics.

Haaretz

 

This is Intel’s second Israeli acquisition in this field.  In January 2012 it bought out Yokneam-based inVision Biometrics.

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This entry was posted on July 16, 2013 by in M&A's, SOFTWARE and tagged , , , , , , , .

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