According to research institute, IVC, Israeli companies were sold in 2013 for over $5 billion
Sometimes, even when a company is bought for 350 million dollars, the only reaction is an affirmation – not especially festive. Founded in 2005, The Israeli company Prime Sense developed a technology with 3D sensors which allow its users to control appliances with their body movements. Five years later, Microsoft used the technology in its Kinect camera, changing the gaming industry. Since then , the technology has been utilized in televisions, robots and more.
Now this technology will be used in future apple devices. Even Yizhar Shai from the VC fund which invested in Prime Sense was cautious in reacting to the news of the acquisition. The main question, as it always is in these cases, is whether or not the company will maintain a presence in Israel. Shai comments, “We believe that anyone who wants to buy a company like Prime Sense will recognize the talent we have in Israel and will continue in Israel.” Prime Sense joins a long list of Israeli companies with an exit this year, including waze, sold for $966 million, Trusteer, sold for $650 million and intucell , $475 million. According to research institute, IVC, Israeli companies were sold in 2013 for over $5 billion. This sum may still change — we’ve got time left before the end of the year.