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Apple in Talks to Buy Israel’s PrimeSense for $280 Million

American tech giant Apple is in talks to buy Israel-based PrimeSense, a developer of chips that enable three-dimensional machine vision, for $280 million, Israel’s Calcalist website reported Tuesday.

Apple engineering executives visited PrimeSense in July, signalling a serious level of commitment considering the individuals who were part of the delegation would not normally make such a trip, Calcalist said.

PrimeSense has raised $85 million from Israeli and U.S. venture capital funds, Calcalist noted.

The company has developed an integrated system which gives digital devices the ability to observe a scene in three dimensions. The technology has been used in Microsoft’s Xbox.

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Source: The Algemeiner

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Posted by on July 17, 2013. Filed under Breaking News,Business News,Israeli News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.