Movidus is a computer vision startup that makes vision chips for drones and AI and now Intel has announced that they are buying the company.
The company creates hardware for drones, robots, VR headsets and more, Intel have not disclosed how much they are paying for the company.
With the introduction of RealSense™ depth-sensing cameras, we brought groundbreaking technology that allowed devices to “see” the world in three dimensions. To amplify this paradigm shift, we completed several acquisitions in machine learning, deep learning and cognitive computing to build a suite of capabilities that open an entirely new world of possibilities: from recognizing objects, to understanding scenes; from authentication to tracking and navigating. This said, as devices become smarter and more distributed, we recognize that specific System on a Chip (SoC) attributes will be paramount to giving human-like sight to the 50 billion connected devices that are projected by 2020.
For this reason, I’m excited to announce our pending acquisition of Movidius*. With Movidius, Intel gains low-power, high-performance SoC platforms for accelerating computer vision applications. Additionally, this acquisition brings algorithms tuned for deep learning, depth processing, navigation and mapping, and natural interactions, as well as broad expertise in embedded computer vision and machine intelligence. Movidius’ technology optimizes, enhances and brings RealSense™ capabilities to fruition.
You can find out more information about the deal between Intel and Movidus over at Intel’s website at the link below.