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July 8, 2011

Marlborough Firm Nets $10M

Qualtré Inc., a Marlborough-based motion sensor supplier for the consumer electronics market, has received a venture capital infusion of $10 million from two firms.

The funding comes after Qualtré unveiled a new micro electromechanical system gyroscope, which is a microchip-like device for measuring or maintaining orientation.

Qualtré says the funding will help it take advantage of a growing motion sensor market that is expected to hit $1.5 billion by 2015. Entertainment handsets for video game systems such as the Xbox Kinect use motion sensors to track players' movements. Sensors are also used in smart television remote controls and other devices.

The company, which was founded in 2008, has now raised a total of $23 million in venture financing.

Pilot House Ventures and Matrix Partners, both Boston-based, are the two investors. The funding round announced today is Qualtré's third. The company drew an initial venture investment of $5 million in 2008, followed by $8 million in 2010.

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