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RealSense Completes Intel Spinout with $50m Series A Investment
JERUSALEM, JUL 10 – Intel Overseas Funding Corporation priced 50 million Mobileye Class A shares at $16.50 each, with a concurrent share repurchase to support Mobileye's capital structure, officials said.
- RealSense has separated from Intel to become an independent company concentrating on AI, robotics, biometrics, and computer vision, supported by a $50 million initial round of financing.
- The spinout followed RealSense's realization that operating independently and raising external capital would better support scaling and meeting growing market demand.
- The company, led by CEO Nadav Orbach, serves over 3,000 customers and holds partnerships with robotics firms like ANYbotics and Unitree Robotics to expand in industrial automation and security.
- Orbach expressed enthusiasm about expanding their expertise in 3D perception technology within the robotics sector, anticipating significant growth opportunities as the physical AI industry expands and the robotics market increases from $50 billion to more than $200 billion over the next six years.
- Intel retains a minority stake in RealSense, enabling the startup to accelerate product development while adapting quickly to expanding robotics and AI market opportunities.
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Intel spins out RealSense with $50M in funding to focus on physical AI and robotics - Tech Startups
Intel is officially spinning out its robotics and AI computer vision unit, RealSense, as a standalone company, backed by $50 million in fresh funding from investors including MediaTek Innovation Fund and Intel Capital, according to a report from CNBC. The […] The post Intel spins out RealSense with $50M in funding to focus on physical AI and robotics first appeared on Tech Startups.
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Leaning Left4Leaning Right2Center5Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 36%
C 45%
R 18%
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