eyeSight Raises $20m From Hong Kong FirmMay. 8, 2016
Israel’s eyeSight Technologies, whose software lets users control electronic devices with a wave of a finger, said on Wednesday it had raised $20 million from the Shenzhen-based company Kuang-Chi.
The announcement came just days after Kuang Chi launched a $50-million fund in Israel to invest in Israeli and global startups. eyeSight said it would use the new capital to expand distribution and for a joint initiatives in China and Hong Kong.
eyeSight software uses sensing and gesture recognition technology. It has been incorporated into the devices of companies that include Lenovo, Royal Philips, Toshiba and ZTE, and has partnerships with chip makers ARM and AMD, according to the company.