03 August 2012 Movea secures €6.5m funding for motion sensing and data fusion Movea secures €6.5m funding for motion sensing and data fusion Movea has secured €6.5million in a new round of funding led by Intel Capital, together with existing investors iSource and GIMV. The company plans to focus this round of funding on the development of new motion sensing and data fusion technologies in a bid to revolutionize the mobile industry, with a focus on the consumer electronics, sports and fitness, and eHealth categories. "The support from such industry leaders validates our vision of convergence from mobile devices - such as tablets, smartphones and ultrabooks - to set top boxes, activity monitoring and car infotainment," said Movea ceo Sam Guilaumé. "Movea's solution is on the forefront of technology developments that are being aimed at enriching user experience, which is one of the main differentiators in consumer devices," commented Marcos Battisti, managing Director Intel Capital Western Europe and Israel. "We strongly believe we will be able to assist the company's growth as we add, besides capital, access to Intel Capital's expertise and extensive network." Author Simon Fogg Comment on this article Websites http://www.movea.com This material is protected by MA Business copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team. What you think about this article: Add your comments Name Email Comments Your comments/feedback may be edited prior to publishing. Not all entries will be published. Please view our Terms and Conditions before leaving a comment.