PrimeSense Aviad Maizels, PrimeSense President (Left), and CEO Inon Bracha
After months of rumors circulated that Apple Inc. (Nasdaq: AAPL) had bought Israeli fabless 3D chipmaker PrimeSense the deal finally closed On Friday at a company value of $300-350 million. It was the Israeli paper Calcalist that said the company had several suitors at the time including Apple, Samsung and Sony.
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PrimeSense designs and manufactures 3D chipsets for machine vision; their technology is currently incorporated by Microsoft Corporation (Nasdaq: MSFT) into its Kinect motion detecting products, amounting to almost $200 million from Xbox 360 sales . The company has to date raised a lot of money – over $80 million – including $50 million invested by private equity firm Silver Lake Partners in early 2011 for 20% stake. Other Investors from leading venture capital firms including Canaan Partners, Gemini Israel and Genesis Partners .
Apple has bought another chipmaker in Israel last year, Anobit and also opened its own R&D labs in Israel as well in 2012.
PrimeSense, founded in 2005 by president Aviad Maizels, CTO Alexander Shpunt, Dima Rais, Ophir Sharon, and Tamir Berliner.