Gestigon, a Germany-based gesture tracking software developer backed by direct selling group Vorwerk, was acquired by automotive supplier Valeo on Monday for an undisclosed sum.
Gestigon, spun out of Lübeck University in 2011, has developed artificial intelligence software that captures data from 3D sensors to track human gestures and recognise body movements.
The technology will be integrated with Valeo’s driver monitoring system, which is capable, for example, of sensing drowsiness or distraction and taking appropriate measures to guarantee driver and passenger safety.
Gestigon previously raised “several millions of dollars” in a series A2 round in 2015 led by multi-family office NBR Technology Ventures, with participation from Vorwerk’s investment arm, Vorwerk Ventures, and public-private partnership High-Tech Gründerfonds (HTGF).
HTGF, Lübeck Business Angels and Mittelständische Beteiligungsgesellschaft Schleswig-Holstein (MBG-SH), created by the German state government of Schleswig-Holstein, previously backed a 2014 series A1 round, after HTGF and MBG-SH participated in a 2012 seed round.
– The original version of this article appeared on our sister site, Global Government Venturing