AdHawk raises $5.7 mln in Intel Capital-led Series A round

AdHawk Microsystems Inc, a maker of advanced micro-systems for human-computer interaction, has raised about $5.7 million (US$4.6 million) in a Series A financing. The round was led by Intel Capital, a U.S. venture capital firm, with participation from Canadian firm Brightspark Ventures. Founded in 2015, AdHawk has developed a camera-free eye-tracking system that enables precise, high-speed tracking in headsets and other wearable devices. Led by CEO Neil Sarkar, one of the Kitchener, Ontario-based startup's co-founders, it plans to use the funds raised to commercialize its technology for consumer virtual reality-augmented reality devices.

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