Intel Backs Movea

Intel Capital, the venture capital arm of chip giant Intel, has backed a French marker of motion processing and data fusion software for the consumer electronics industry. Grenoble, France-based Movea said last night that it had raised 6.5 million euroes (approximately $7.95M US) from Intel Capital, iSource, and GIMV. Movea's technology is used for motion sensing in smart phones, tbalets, and sports equipment. The firm also has a subsidiary in Pleasanton. More information »