Intel's RealSense spins off as an independent entity; secures $50 million in funding from Intel Capital and MediaTek
RealSense, a company renowned for its depth cameras, has recently announced its independence from Intel and is set to operate as a standalone entity. This move comes after securing a significant $50 million in Series A funding from Intel Capital and MediaTek Innovation Fund.
The new company will continue to develop depth-sensing cameras and embedded vision systems, which are currently used in various sectors such as automation, access control, and robotics. One of their latest innovations is the D555 camera, a device that includes Power over Ethernet and is built on the Vision SoC V5 platform.
RealSense's mission remains to augment human potential by delegating tasks to machines equipped with intelligent, secure, and reliable vision systems. This approach is designed to make tasks safer and more efficient, offloading them to machines with intelligent, secure, and reliable vision systems.
The demand for humanoid robots is on the rise, with an annual growth rate of over 40%. RealSense's technologies are already integrated in 60% of autonomous mobile robotics and humanoid robots worldwide, making it a key player in this growing market.
Partners of RealSense include ANYbotics, Eyesynth, Fit:Match, and Unitree Robotics. The new company will focus on AI, robotics, biometrics, and computer vision as it expands its presence in existing and new markets.
The market for robotics is projected to grow from $50 billion to over $200 billion in the next six years, providing a fertile ground for RealSense's growth. To cater to this growth, RealSense is adding engineers in AI, software, and robotics, and expanding its sales and go-to-market teams.
Orbach, a representative from RealSense, stated that their mission is to integrate robotics and AI into everyday life safely. He clarified that RealSense's technology is not intended to replace human creativity or decision-making, but rather to eliminate danger and drudgery from human work. RealSense works with over 3,000 clients globally and holds over 80 patents in computer vision technology.
Despite not explicitly naming the companies that provided the funding, it is known that RealSense was previously a 3D camera division of Intel and has now spun off as an independent startup with this funding round. The D555 camera by RealSense has yet to be integrated into high-volume devices.
In conclusion, RealSense's focus remains on enabling the integration of robotics and AI in everyday life safely, with a goal of removing danger and drudgery from human work. With its innovative technologies and strong partnerships, RealSense is well-positioned to make significant strides in the growing robotics market.
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