Rockville, Md. – Hillcrest Labs, a developer of
motion-control technology and interactive television applications, has raised
$5.5 million in a new round of equity funding, according to a filing with the
Securities and Exchange Commission (SEC).
Six unnamed investors took part. The Rockville,
Md.-based company, which last raised $25 million in a round that closed in
2008, counts New Enterprise Associates (NEA), AllianceBernstein, Columbia
Capital and Grotech Capital Group among its backers.
Hillcrest’s creations
include the Kylo browser, a free desktop web browser for TV, and the Loop
pointer, an in-air mouse for television that lets users navigate the web or
their home media content by flicking their wrist.
The company also licenses its
motion control technology, called Freespace, for use in electronics products
such as remote controls, computer peripherals, game controllers, mobile
handsets and virtual reality systems.
Licensees include LG Electronics,
Logitech, and Sony Computer Entertainment.
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