Intel to acquire machine vision company Movidius
6 September 2016 | 0
Machine vision company Movidius is to be acquired by Intel. Financial terms of the deal were not disclosed. Based in San Mateo, California, Movidius was founded in Dublin in 2005, where it retains a design centre.
Movidius’ technology has found itself gaining popularity in the emerging fields of virtual and augmented reality, robotics, wearables and drones.
“As part of Intel, we’ll remain focused on this mission, but with the technology and resources to innovate faster and execute at scale. We will continue to operate with the same eagerness to invent and the same customer-focus attitude that we’re known for, and we will retain Movidius talent and the start-up mentality that we have demonstrated over the years,” asid Movidius CEO Remi El-Ouazzane.
“Our leading VPU [vision processing unit] platform for on-device vision processing combined with Intel’s industry-leading depth sensing solution [Intel RealSense Technology] is a winning combination for autonomous machines that can see in 3D, understand their surroundings and navigate accordingly.
“Today, we’re working with customers like DJI, FLIR, Google and Lenovo to give sight to smart devices including drones, security cameras, AR/VR headsets and more. But today’s smart devices, while compelling, offer just a glimpse of what’s to come.
“When computers can see, they can become autonomous and that’s just the beginning. We’re on the cusp of big breakthroughs in artificial intelligence. In the years ahead, we’ll see new types of autonomous machines with more advanced capabilities as we make progress on one of the most difficult challenges of AI: getting our devices not just to see, but also to think.”
Josh Walden, senior vice president of Intel’s new technology group, said: “With Movidius, Intel gains low-power, high-performance SoC [system on a chip] 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 optimises, enhances and brings RealSense capabilities to fruition.
“We see massive potential for Movidius to accelerate our initiatives in new and emerging technologies. The ability to track, navigate, map and recognise both scenes and objects using Movidius’ low-power and high-performance SoCs opens opportunities in areas where heat, battery life and form factors are key. Specifically, we will look to deploy the technology across our efforts in augmented, virtual and merged reality drones, robotics, digital security cameras and beyond.”