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Movea Adds Money & Assets

Movea SA, a Grenoble, France-based developer of motion sensing technologies, has raised EUR 7.3 million in first-round funding. I-Source Gestion and GIMV co-led the deal, and were joined by a subsidiary of Thomson SA. In other Movea news, the company has acquired the assets of Gyration Inc., a provider of technology that senses human motion to interface with digital media content. Thomson was the seller. No financial terms were disclosed.

PRESS RELEASE

Movea SA, a company specialized in motion sensing technologies created in March 2007 by a team of experienced researchers and managers, today announced it has secured its first round investment of 7.3M