Intel Spins Out RealSense for $2.5M

Intel made headlines in January with the announcement of its plan to spin out the company as part of a significant restructuring effort, which includes a workforce reduction of up to 10,000 employees. This move is aimed at streamlining operations and focusing on core areas of growth and innovation.

Although Intel has not disclosed the specific investors behind the recent investment in RealSense, it has been revealed that the deal received support from Intel Capital and MediaTek Innovation Fund. This strategic partnership will enable RealSense to bolster its team with talented AI, software, and robotics engineers, potentially sourced from the recent Intel layoffs, to drive product development and ramp up manufacturing capabilities.

“Our newfound independence empowers us to operate with greater agility and push the boundaries of innovation to meet the evolving market demands as we spearhead advancements in AI and the forthcoming robotics revolution,” stated Nadav Orbach, the CEO of RealSense.

• Intel, ST team on RealSense camera

The versatile 3D sensors developed by RealSense find applications in a wide range of industries such as robotics, industrial automation, security, and healthcare, with over 3000 companies leveraging the technology. Collaborations with key partners like ANYbotics, Eyesynth, Fit:Match, and Unitree Robotics have further expanded the reach and impact of RealSense’s solutions.

RealSense remains committed to supporting its existing customer base and advancing its product roadmap, which includes the popular RealSense depth cameras. These cameras are integrated into 60% of the world’s Autonomous Mobile Robots (AMRs) and humanoid robots. The recent introduction of the D555 depth camera, featuring the fifth-generation processing chip, is tailored for embedded vision applications and edge AI use cases.

“Our goal is to facilitate the seamless integration of robotics and AI into everyday life in a safe manner,” emphasized Orbach. “This technology is not about replacing human ingenuity or decision-making but about eliminating risks and repetitive tasks from human labor. Our systems are designed to enhance human capabilities by delegating such tasks to machines equipped with intelligent, secure, and dependable vision systems.”