Canesta, Inc., a provider of mass-market 3-D image sensors, Wednesday said that it has raised $16 million in additional capitalization. The company plans to use the new funds for business expansion and working capital to meet the needs of its consumer product and personal computer customer-base.
The company also said that two new strategic investors, Quanta Computer Inc., the world's largest manufacturer of notebook computers, and SMSC (SMSC), a provider of smart mixed-signal connectivity solutions, will join with investors Carlyle Growth Partners, Hotung Venture Group, and Venrock.
The strategic investments by Quanta and SMSC signal an increasing interest worldwide in applying 3-D human-interface device, or HID, capabilities to personal computer applications, the company noted.
Canesta also said that it has invented a family of tiny CMOS 3-D "camera" chips that can provide a real-time, 3-D "depth map" of the surrounding area to PCs, consumer electronics devices such as televisions, videogames, or smartphones.
According to Canasta, earlier this year, the company and Hitachi had demonstrated a television that enables consumers to navigate an array of television-based services using a visual 3-D interface and natural "gesture-based" controls.
Some of the applications made possible by Canesta's 3-D electronic perception chips and technology include hands-free gesture control, robust and accurate facial recognition for user identification and security, background substitution for video conferencing and "virtual sets", avatar control for 3-D virtual communities, augmented reality and immersive personalized advertising.
Canesta also holds over 40 granted patents for a broad range of breakthroughs in its electronic perception technology. These include innovations in silicon implementation, optics, key applications such as hands-free gesture control, and many others.
SMSC closed Tuesday's trading at $21.14, down $0.08, on a volume of 133,400 shares.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.