Malmö, August 31, 2012
Crunchfish acquires financial strength and management bandwidth
Crunchfish raises 17 million SEK in venture capital from Sheikh Mohammed Al-Amoudi, serial entrepreneur Joachim Samuelsson and Intesa AB from Helsingborg. Sheikh Mohammed Al-Amoudi is one of the largest foreign private investors in Sweden and Joachim Samuelsson is a successful entrepreneur with experience from both ComOpt in the wireless industry and Biomain in life science field.
The capital injection will accelerate sales and development of the Crunchfish gesture trackingplatform Touchless A3D. Touchless A3D enables the user to interact with applications and devices without touchingthe screen. Touchless A3D is absolute leading edge as it works well even in poor light conditions with limited processing power. The technology is software based and does not require any changes to existing devices. The only requirement is that the device has a camera.
With the investment the company has established a new board of directors where all members have many years of experience in building high-tech growth companies. The new board members, joining the two founders of the company CTO Paul Cronholm and CMO Thomas Gårdängen on the board, are Håkan Paulsson from Q-group, Jörgen Neckmar with prior experience from Anoto, Scalado and Sony Ericsson and Joachim Samuelsson as the chairman of the board.
“We are extremely pleased and eager to take the company to the next level with such strength and experience in-house”, said Crunchfish both founders.
Crunchfish is an innovative software company focusing on enabling users to interact with software applications and hardware devices without touching the screen. The company is based in Malmö and was founded in 2010 by Paul Cronholm and Thomas Gårdängen.
For additional questions please contact:
Joachim Samuelsson, Chairman of the board
+46 708 – 46 47 88
Crunchfish AB, Malmö, Sweden
Crunchfish is Touchless
Crunchfish is passionate about touchless interaction. We take the user experience with apps and mobile devices to the next level by making the touchless interface available everywhere.
Our Touchless A3D™ software requires no hardware changes. It relies only on the video stream from the embedded camera. This enables a new interaction paradigm on all mobile devices.
Crunchfish is awarded as one of the cutting edge technology companies in Europe. The business is global with mobile device manufacturers and app developers as customers, especially in the segment of mobile gaming.