[by Mark Hefflinger, www.dmwmedia.com]
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.
See the original post here: http://www.dmwmedia.com/news/2011/04/13/hillcrest-labs-gets-55m-motion-control-interactive-tv