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11h ago

RealSense Completes Spinout From Intel With $50 Million Series A

The spinout will fund a ramp-up of manufacturing to meet rising demand for its 3D imaging cameras across robotics, autonomous systems, security markets.

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
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Intel

Overview

  • RealSense has officially spun out from Intel after 14 years as an in-house division to operate as an independent company.
  • The company secured $50 million in Series A funding from Intel Capital, the MediaTek Innovation Fund and other strategic investors.
  • Nadav Orbach, former Intel vice president and general manager for disruptive innovation, will lead RealSense as CEO.
  • RealSense’s stereoscopic depth-sensing cameras are embedded in about 60 percent of the world’s autonomous mobile robots and serve over 3,000 customers.
  • Intel retains a minority stake in RealSense while the new company explores future IPO or acquisition opportunities to drive long-term growth.