Intel said it would acquire Movidius, maker of specialised low-power processor chips for computer vision, in a blog post Monday.
The terms of the transaction weren’t disclosed.
Founded in Dublin in 2005, the San Mateo, California-based company designs specialised low-power processor chips for computer vision. Movidius’s customers, such as Google and Lenovo Group Ltd., use its technology in drones, security cameras, virtual reality headsets and other devices.
“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,” wrote Josh Walden in the blog.
“We see massive potential for Movidius to accelerate our initiatives in new and emerging technologies. The ability to track, navigate, map and recognize 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 (AR/VR/MR), drones, robotics, digital security cameras and beyond. Movidius’ market-leading family of computer vision SoCs complements Intel’s RealSense offerings in addition to our broader IP and product roadmap,” he added.
Walden further wrote that computer vision will trigger a Cambrian explosion of compute, with Intel at the forefront of this new wave of computing, enabled by RealSense in conjunction with Movidius and our full suite of perceptual computing technologies.
Investors in Movidius are Summit Bridge Capital, ARCH Venture Partners and Sunny Optical Technology Group (through a $40 million financing round in April 2015), and Atlantic Bridge Capital, AIB Seed Capital Fund, Capital-E, DFJ Esprit and Robert Bosch Venture Capital.