Eyefluence, a US-based eye-movement tracking technology developer backed by corporates including chipmaker Intel, was acquired by internet technology provider Google yesterday.
The deal provided an exit to Intel’s corporate venturing arm Intel Capital, as well as Motorola Solutions Venture Capital, the investment arm of telecommunications equipment manufacturer Motorola Solutions, and NHN Investment, the venture capital firm owned by internet company Naver.
Founded in 2013, Eyefluence has created technology that combines virtual reality, augmented reality and mixed reality with smart glasses in order to enable users to interact with a machine by eye movements.
Financial terms of the deal have not been disclosed. Eyefluence has also not confirmed whether its technology will remain available as a standalone product or integrated into Google’s offerings.
Intel Capital led a $7.6m series A round for Eyefluence in 2014 before Motorola Solutions Venture Capital led a $14m series B round in November 2015 that included NHN Investment.
The series B round also featured Dolby Family Ventures, Jazz Venture Partners and undisclosed investors including private and strategic backers, as well as follow-on commitments from unnamed series A investors.