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April 12, 2011

Maryland motion-control tech company raises $5.5 million

Loop-pointer.jpgHillcrest Labs brought us the Loop -- a circular device that you hold and use to control your PC while it's hooked up to your TV. That's it on the left.

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.


This is an archived version of the technology blog. For updated coverage, see the current baltTech location: baltimoresun.com/balttech
Posted by Gus Sentementes at 3:52 PM | | Comments (1)
Categories: *NEWS*, Entrepreneurs & Risk Takers, Startups
        

Comments

I know I wasted money on my Google TV, but it does have a complete Web browser. I thing a PS3 equipped with Move can do anything this can do - it has a browser, too. This thing seems so...last year, but being local, I wish them luck.

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About Gus G. Sentementes
Gus G. Sentementes (@gussent on Twitter) has been writing for The Baltimore Sun since 2000. He's covered real estate, business, prisons, and suburban and Baltimore City crime and cops. He was one of the first reporters at The Sun to use multimedia tools and Web applications -- a video camera, an iPhone -- to cover breaking news. He hopes to cover Maryland geeks and the gadgets and Web sites they build, and learn -- and share -- something new every day.

Gus has a wife, a young daughter and two feuding cats. They live in Northeast Baltimore.
This is an archived version of the technology blog. For updated coverage, see the current baltTech location: baltimoresun.com/balttech
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