Intel spins off its RealSense division, securing $50 million in funding from Intel Capital and MediaTek
RealSense, a company renowned for its depth cameras and embedded vision systems, has officially spun out from Intel and will now operate independently. This move comes as the company looks to meet the growing demand in the fields of AI, robotics, biometrics, and computer vision.
Nadav Orbach, CEO of RealSense, will lead the new company. The spin-off's details regarding the contributing financing companies remain undisclosed.
RealSense has been a pioneer in the development of depth-sensing cameras and embedded vision systems, which are used in various applications such as automation, access control, and robotics. The company boasts over 3,000 clients globally and holds more than 80 patents in computer vision technology.
The demand for computer vision systems is expected to grow rapidly in the coming years, thanks in part to the proliferation of edge AI. RealSense is well-positioned to capitalise on this trend, with its D555 camera, a powerful device built on the Vision SoC V5 platform, featuring Power over Ethernet.
The D555 camera is expected to be integrated into high-volume devices in the future, marking a significant step forward for the company. RealSense aims to amplify human potential by offloading tasks to machines equipped with intelligent, secure, and reliable vision systems, removing danger and drudgery from human work.
In a bid to expand its reach in both mature and emerging markets, RealSense is expanding its sales and go-to-market teams. The company has also partnered with several industry leaders, including ANYbotics, Eyesynth, Fit:Match, and Unitree Robotics.
The market for robotics is projected to grow from $50 billion to over $200 billion in six years, with the demand for humanoid robots increasing at over 40% annually. TSMC predicts the market for AI robots will become a $35 billion market by 2030.
RealSense has secured $50 million in Series A funding from Intel Capital and MediaTek Innovation Fund, positioning the company for significant growth in the coming years. The company's mission is to integrate robotics and AI into everyday life safely, without replacing human creativity or decision-making.
It's important to note that RealSense is not involved in any advertisements mentioned elsewhere. The company continues to support its existing products and clients while pushing into adjacent markets, with the goal of making robotics and AI an integral part of our lives.
