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Motion Gestures closes USD 2 million pre-series A financing led by Allen Miner, Forbes Midas List investor who helped build Oracle Japan and Salesforce Japan

WATERLOO, ON, Feb. 17, 2021 /PRNewswire=KYODO JBN/ --

- Company's gesture software is key enabler of sophisticated contactless

interaction in major industries.

Motion Gestures (

https://c212.net/c/link/?t=0&l=en&o=3069303-1&h=1093363768&u=https%3A%2F%2Fwww.motiongestures.com%2F&a=Motion+Gestures

), a Canadian startup specializing in Artificial Intelligence-based hand

tracking and gesture recognition software for 3rd party cameras, announced

today that it had closed USD 2 million pre-series A financing led by Mr. Allen

Miner. Funds will be used to market and support company's breakthrough gesture

software among OEMs in major developed economies, with special focus on Japan.

Photo -

https://mma.prnewswire.com/media/1439337/Motion_Gestures_Motion_Gestures_closes_USD_2_million_pre_series.jpg

Compared to conventional solutions, Motion Gestures AI platform reduces gesture

software development time by 10x while increasing recognition accuracy to

nearly 100%. It uses advanced AI algorithms and sophisticated joints

skeleton-based approach to hand tracking. Software is hardware agnostic and can

support any type of camera as well as any processor architecture. It is also

application agnostic and can be used for adding contactless user interface to

products and applications in a wide variety of sectors. The firm launched its

camera software in 2020 after several years of development in stealth mode and

is enjoying strong response from top OEMs around the world, including in US,

Germany, France, Japan, and Korea.

Mr. Miner has been recognized by Forbes magazine on its Midas List as one of

the world's top investors and is famous for helping build Oracle Japan and

Salesforce Japan. He will be assisting with introductions to corporate Japan

and advising on strategic investments by Japanese multinationals. According to

Mr. Miner, "I am very impressed with Motion Gestures' capabilities and the

traction their software is getting globally. I firmly believe multi-modal user

interface is the wave of the future and gesture recognition will be an integral

part of it." Kashif Kahn, CEO and Co-Founder of Motion Gestures, said: "We are

most grateful for Mr. Miner's vote of confidence and are looking forward to his

assistance in building the firm."

Other investors in the round are China Canada Angeles Alliance (

http://ccaa-camp.com/ ), Keiretsu Forum (

https://c212.net/c/link/?t=0&l=en&o=3069303-1&h=1581113348&u=https%3A%2F%2Fwww.keiretsuforum.com%2F&a=Keiretsu+Forum

), Propel(x) ( https://www.propelx.com/ ), Golden Triangle Angel Network (

https://c212.net/c/link/?t=0&l=en&o=3069303-1&h=2200128135&u=https%3A%2F%2Fgoldentriangleangelnet.ca%2F&a=Golden+Triangle+Angel+Network

), and Udtara Ventures (

https://c212.net/c/link/?t=0&l=en&o=3069303-1&h=3967954397&u=http%3A%2F%2Fudtaraventures.com%2F&a=Udtara+Ventures

).

About Motion Gestures

Motion Gestures was founded in 2017 in Waterloo, Canada to disrupt gesture

recognition technology. Its breakthrough AI platform reduces gesture software

development costs by 10x while increasing gesture recognition accuracy to

nearly 100%. The software supports all types of gestures with 3rd party cameras

and can be used for contactless interaction in any vertical. The company is

currently engaged with top OEMs in US, Germany, France, Japan, and Korea.

Demo videos can be seen on Motion Gestures' YouTube channel:

https://www.youtube.com/c/motiongestures

Contact Information:

Kashif Kahn

CEO & Co-Founder, Motion Gestures

info@motiongestures.com

https://motiongestures.com/

About Allen Miner

Mr. Allen Miner is a veteran of technology and venture capital industries. In

1987, he launched Oracle Japan as its first representative and managed growth

of record-setting magnitude over the next decade. In 1999, he founded Sunbridge

to invest in and help grow promising tech firms in the Japanese market. He has

since invested in more than 65 firms – including Salesforce, OKWave, IT Media,

Gaia X, Macromill and G-mode – as well as executed seven IPOs. He has been

recognized by Forbes magazine on its prestigious "Midas List" as one of the

world's top investors and is a founding member of the Japan Venture Capital

Association.

For additional information about Mr. Miner and his team:

https://www.sunbridge.com/company/management/

Contact Information:

Allen Miner

Founder & Director, Sunbridge

allen@sunbridge.com

https://www.sunbridge.com/

SOURCE  Motion Gestures