RealSense Completes Intel Spin-Out, Raises $50M for AI Vision Growth
RealSense, a pioneer in AI-enabled computer vision, announced its official spin-out from Intel Corp. and the successful close of a $50 million Series A funding round. The funding was led by a semiconductor-focused private equity firm with strategic participation from Intel Capital and MediaTek Innovation Fund.
As an independent company, RealSense says it will concentrate on advancing innovation in computer vision, robotics, biometrics and machine perception. The company plans to deploy the new capital to expand into adjacent and emerging markets and to scale its manufacturing, sales and global go-to-market presence.
Key areas of focus include humanoid and autonomous mobile robots (AMRs) as well as AI-powered access control and security solutions.
RealSense’s product portfolio includes depth cameras and vision-system technologies that are embedded in 60% of the world’s AMRs and humanoid robots, according to the company. Its recently launched D555 depth camera, driven by the next-generation RealSense Vision SoC V5 and offering Power-over-Ethernet, illustrates its embedded-vision and edge-AI capabilities.
The company reports more than 3,000 customers worldwide and holds over 80 global patents. It also underscores its global manufacturing capabilities and a broad network of vision-system distributors and value-added resellers.
RealSense noted that its founding leadership team brings together veteran technologists and business leaders with deep expertise in computer vision, AI, robotics and market development.
The spin-out comes amid projected rapid growth in the robotics and biometrics markets. According to the company’s announcement, the robotics market is projected to grow from $50 billion today to over $200 billion within six years while demand for humanoid robots is expected to grow at a compound annual growth rate above 40%.
Headquartered in Santa Clara, Calif., RealSense intends to expand its go-to-market team and hire additional AI software and robotics engineers to accelerate product development and meet global demand.
RealSense, a pioneer in AI-enabled computer vision, announced its official spin-out from Intel Corp. and the successful close of a $50 million Series A funding round. The funding was led by a semiconductor-focused private equity firm with strategic participation from Intel Capital and MediaTek Innovation Fund.
As an independent company, RealSense says it will concentrate on advancing innovation in computer vision, robotics, biometrics and machine perception. The company plans to deploy the new capital to expand into adjacent and emerging markets and to scale its manufacturing, sales and global go-to-market presence.
Key areas of focus include humanoid and autonomous mobile robots (AMRs) as well as AI-powered access control and security solutions.
RealSense’s product portfolio includes depth cameras and vision-system technologies that are embedded in 60% of the world’s AMRs and humanoid robots, according to the company. Its recently launched D555 depth camera, driven by the next-generation RealSense Vision SoC V5 and offering Power-over-Ethernet, illustrates its embedded-vision and edge-AI capabilities.
The company reports more than 3,000 customers worldwide and holds over 80 global patents. It also underscores its global manufacturing capabilities and a broad network of vision-system distributors and value-added resellers.
RealSense noted that its founding leadership team brings together veteran technologists and business leaders with deep expertise in computer vision, AI, robotics and market development.
The spin-out comes amid projected rapid growth in the robotics and biometrics markets. According to the company’s announcement, the robotics market is projected to grow from $50 billion today to over $200 billion within six years while demand for humanoid robots is expected to grow at a compound annual growth rate above 40%.
Headquartered in Santa Clara, Calif., RealSense intends to expand its go-to-market team and hire additional AI software and robotics engineers to accelerate product development and meet global demand.