Connecticut Innovations Makes Follow-on Investment in Keisense Inc.
Cutting-edge text input and user experience company gains market traction
Rocky Hill, Conn., August 24, 2009 – Connecticut Innovations (CI), the state’s quasi-public authority responsible for technology investing and innovation development, today announced that it has made a follow-on investment of up to $250,000 in Keisense Inc. of Hartford, Conn., through its Eli Whitney Fund. This is CI’s third investment in the company.
Keisense offers advanced text input and user experience solutions for mobile devices, Internet-connected TVs and gaming consoles. Its patent pending technology, PriText, enables intuitive and error tolerant input on mobile devices and facilitates interactive and social networking applications on TV and set-top boxes.
“We continue to see strong interest in our technology in multiple markets. We have now extended PriText to support not just touch screens and physical keyboards but a variety of input interfaces including scroll wheels, knobs, joysticks and directional keys, covering a wide range of smartphones, consumer electronics devices, gaming controllers and remote controls,” said Santosh Sharan, president and CEO of Keisense.
“Keisense is on an exciting growth track, and we want to help the company to expand job opportunities in Connecticut,” said Governor M. Jodi Rell. “We are delighted to help this company grow."
Peter Longo, president and executive director of CI, said, “We are excited by the inroads that Keisense is making in the marketplace. This summer the company secured its first major customer, an international digital entertainment products company. Additionally, Keisense’s technology is being tested by several major communications, electronics and entertainment products companies.” Longo added, “This progress, along with recent enhancements to Keisense’s management team, gives us the confidence to strengthen our commitment to the company.”
In addition to providing venture capital to the company through this investment, CI is providing Keisense with ongoing business guidance and support through its participation on the company’s board of directors.
About Connecticut Innovations, Inc.
Connecticut Innovations (CI) is a quasi-public organization dedicated to driving a vibrant, entrepreneurial, technology-based economy in Connecticut. CI stimulates high-tech growth by investing in: early-stage Connecticut technology companies, university/industry research collaborations, technology transfer, and clean energy initiatives through the Connecticut Clean Energy Fund. CI also fosters collaboration among government, business, nonprofit and academic organizations to advance technology growth and promotes public policies consistent with CI’s mission. For more information on CI, please visit www.ctinnovations.com.
About Keisense Inc.
Keisense provides interactive solutions and applications to enhance the user experience on mobile devices, TV and gaming consoles. With the convergence of mobile devices, TV and the Internet, users have access to endless content, programs and interactive applications. Keisense indexes and manages this content, providing a more intuitive way to search for content and enter text. On mobile devices, Keisense enables rapid and error tolerant text input in multiple languages, while on TV/Set Top Boxes, Keisense enables social networking and advanced on-demand concepts. For more information on Keisense, please visit www.keisense.com.