Tel Aviv company Elron Electronic Industries said that its 3DV Systems unit has reached an agreement with Kleiner Perkins and Pitango Venture Capital for a $15 investment into 3DV.
It is just the latest move by local valley firm Kleiner Perkins to expand its focus outside of Silicon Valley.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":4645,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,","session":"C"}']Elron’s statement is here.
Elron owns 62 percent of 3DV, a company that says it has developed video camera technology that captures the depth dimension of objects in real time, enabling it “to sense motion and recognize shape within a dynamically defined three-dimensional space.” It wants to supply camera chipsets to the video gaming and PC webcam markets.
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The transaction is subject to certain closing conditions, and there is no assurance that the transaction will be completed, the company said.
(This story was first posted 11/22)
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