RealSense Spins Out from Intel with $50M Funding to Accelerate AI, Robotics, Computer Vision Innovation

Intel Corporation (NASDAQ:INTC) is one of the best tech stocks to buy under $100. On July 11, RealSense announced its successful spinout from Intel Corporation and the completion of a $50 million Series A funding round. The investment was led by a prominent semiconductor private equity firm, with additional participation from investors including Intel Capital and MediaTek Innovation Fund.

Now operating as an independent entity, RealSense is set to focus on advancing innovation in AI, robotics, biometrics, and computer vision to lead in computer vision and machine perception for physical AI and beyond. Physical AI refers to AI systems that directly interact with the physical world through sensors and actuators.

RealSense Spins Out from Intel with $50M Funding to Accelerate AI, Robotics, Computer Vision Innovation

A technician soldering components for a semiconductor board.

The new capital will be used to scale its manufacturing, sales, and go-to-market/GTM global operations to address the increasing demand for humanoid and autonomous mobile robotics/AMRs, as well as AI-powered access control and security solutions.

Intel Corporation (NASDAQ:INTC) designs, develops, manufactures, markets, and sells computing & related products and services worldwide. RealSense delivers industry-leading depth cameras and vision technology used in industries like autonomous mobile robots, industrial automation, and healthcare.

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Disclosure: None. This article is originally published at Insider Monkey.