Organic Motion Secures B Round Venture Financing from Foundry Group

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Thu Oct 22, 2009 7:15am EDT

Expansion Capital to Drive Sales and Technology in Military Simulation and Life
Sciences 
NEW YORK--(Business Wire)--
Organic Motion, the leading innovator of computer vision and advanced motion
capture systems, announces that it has secured a Series B financing, led by
Foundry Group. The company`s technology dramatically increases a computer`s
ability to "see" and understand human motion to generate highly accurate 3D
tracking data in real-time, without using bodysuits or attached tracking
devices. Organic Motion provides the only technology that understands a person`s
exact motion, dimensions and image; and instantly creates a Digital Clone of the
individual. 

"We are fortunate to have the Foundry Group as partners who share our vision for
next generation human-computer interfaces," says Andrew Tschesnok, CEO of
Organic Motion. "This investment will act as a catalyst to our continued growth
as we expand our sales network, and build on our award-winning intellectual
property." 

"We believe that Organic Motion has created a platform that will fundamentally
change the way that computers see people, and will create many new opportunities
in the business, military, educational and consumer eco-systems," says Jason
Mendelson, Managing Director at Foundry Group. "I`m very excited with this
partnership between Organic Motion and Foundry Group, as it furthers our focus
in accelerating the evolution of human computer interactions." 

Organic Motion`s technology and growing customer base is on track to alter many
day-to-day experiences for people in all walks of life. Organic Motion`s systems
are being used by many of the world`s foremost technology companies and
government agencies; including the creation of virtual environments for training
coal-mine rescue personnel and for helping returning military veterans readjust
to civilian life. 

Organic Motion was recently named the winner of the 2009 Wall Street Journal
Innovation Awards for the Computing Systems category. 

About Organic Motion, Inc.

Organic Motion is a leading computer vision software company and maker of highly
advanced markerless motion capture systems. The company`s core technology
dramatically increases a computer`s ability to "see" people and generate highly
accurate 3D tracking data in real-time, without using bodysuits or markers.
Organic Motion has worked with some of the world`s foremost technology and
entertainment companies including Intel, Disney, Sony, Six Flags, Adidas and
BMC. To learn more, visit www.organicmotion.com. 

Foundry Group

Foundry Group is a venture capital firm focused on investing in early-stage
information technology, Internet and software startups. In addition to providing
the necessary venture capital to get a company up and running, Foundry Group is
committed to leveraging its experience in starting and growing companies, its
expertise in the technology industry, and its network of relationships to help
great entrepreneurs turn great ideas into great companies. Foundry Group is
based in Boulder, Colorado, and invests in companies located across the United
States. www.foundrygroup.com

Organic Motion, OpenSTAGE, STAGE, and BioSTAGE are trademarks of Organic Motion,
Inc. in the United States.

Fusion PR for Organic Motion
Chris Michaels
310-481-1431, Ext. 18
chris.michaels@fusionpr.com
or
Organic Motion, Inc.
Jonathan Rand, President
212-776-6100, Ext. 111
jonathan@organicmotion.com

Copyright Business Wire 2009

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