Maryland motion-control tech company raises $5.5 million
Now the Rockville, Md.,-based company has just raised a good chunk of money, presumably to expand and bring more cool gadgets to market.
According to a Securities and Exchange filing today, the privately held company has raised $5.5 million in an equity round of investment.
The firm touts itself as creating the world's first motion-controller for television, the world's first complete Web browser for television, and the world's first cursor-controlled apps for television (huh? who really wants a cursor controlled app on their TV? I'm confused). Anyhow....
Hillcrest made headlines three years ago when it filed a patent infringement suit against Nintendo, for its Wii controller. The company has had millions in investment pumped into it from major venture capital players, including NEA and Grotech, both local-regional firms.
Hillcrest has partnered with LG Electronics and Logitech on products, among others, to develop cool new tech.
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