Particle.news
Download on the App Store
4 ARTICLES
·
19h ago

RealSense Spins Out of Intel With $50 Million Series A

RealSense will deploy the funds to boost production capacity in robotics, extending its depth-vision platform into security with facial-recognition tools.

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
Image
RealSense is spinning out of Intel after 14 years.

Overview

  • The company completed its spinout from Intel on July 11 to become an independent AI robotics and biometric technology firm.
  • RealSense closed a $50 million Series A round backed by Intel Capital, the MediaTek Innovation Fund and other strategic investors.
  • Nadav Orbach, formerly Intel’s VP for incubation and disruptive innovation, steps in as CEO to guide growth and product strategy.
  • The new capital will scale manufacturing operations, expand global go-to-market initiatives and fund R&D for next-generation depth-sensing cameras and AI software.
  • Its cameras power 60% of the world’s autonomous mobile robots, and the company is entering security markets with facial-recognition systems while Intel retains a minority stake and RealSense keeps IPO or acquisition options open.