With Movidius, Intel gains low-power, high-performance SoC platforms for accelerating computer vision applications. Movidius’ market-leading family of computer vision SoCs complements Intel’s RealSense™ offerings in addition to our broader IP and product roadmap. To learn more about Intel’s innovations, go to newsroom.intel.com and intel.com. Movidius recently raised €38m in a move that will enable it to generate 100 new jobs in Dublin. Upon integration, computer vision enables navigation and mapping, collision avoidance, tracking, object recognition, inspection analytics and more – capabilities that are extremely compelling in emerging markets.”, Movidius founders David Moloney and Sean Mitchell. “Computer vision was identified as one of the first real commercial opportunities but the fundamental game-changing technology that Movidius had developed enabled deep neural networks and machine-learning applications of all kinds to be performed in real time on battery-powered devices. Josh Walden is senior vice president and general manager of Intel’s New Technology Group. We’re entering an era where devices must be smart and connected. In May, 2013 the company appointed Remi El-Ouazzane as CEO. Movidius, he said, will fit in with Intel’s RealSense vision and strategy. Intel is buying Ireland's Movidius and will integrate its on-device image processing tech with Intel's RealSense computer vision platform. Additionally, this acquisition brings algorithms tuned for … Inspired by Moore’s Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. Vertex.AI the newest acquired tech platform will join the Movidius group, and assist to strong Intel’s AI capabilities to build powerful processors and deploying them to build AI into apps. How do companies ensure diversity in their workforce? 7 US companies hiring in Ireland right now, 7 of the coolest science jobs in the world, Thinking about a career in marketing? ‘We recognise that specific system on a chip (SoC) attributes will be paramount to giving human-like sight to the 50bn connected devices that are projected by 2020’– JOSH WALDEN, INTEL. Is Netflix finally cracking down on password sharing? Intel recently announced the planned acquisition of Movidius Technologies, a company specializing in on-device vision processing units (VPUs) and algorithms involved in a … The age of distributed intelligence systems had arrived.”, This story has since been updated to include comments from some of the early investors in Movidius, Enterprise Equity and Atlantic Bridge, Related: Intel, robotics, employers, Brand Insights, drones, Movidius, AI, M&As, VR, John Kennedy is a journalist who served as editor of Silicon Republic for 17 years, All content copyright 2002-2021 Silicon Republic Knowledge & Events Management Ltd. Reproduction without explicit permission is prohibited. Intel will be acquiring vision technology chipmaker Movidius and will look to deploy its technology in drones, robotics, digital security cameras etc. With Movidius, Intel gains low-power, high-performance SoC platforms for accelerating computer vision applications. Intel has announced the acquisition of Movidius, a chip manufacturer focusing on developing next-generation computer sensing and vision technology. It has snapped up Google’s close partner Movidius, which has developed an ultra-low power vision processor which can be incorporated into small devices. As part of our RealSense™ vision and strategy, we built and acquired critical technologies to ensure our leadership in computer vision and perceptual computing. “The core platform that Movidius had developed enabled for the first time highly-efficient machine intelligence systems to be moved to the edge of the network, improving latency for real-time applications, reducing bandwidth requirements while minimising battery power consumption on the device. Designed by Zero-G and Square1.io. Between 2006 and 2016, it raised nearly $90 million in capital funding. In November 2016, El-Ouazzane joined the New Technology Group at Intel following the acquisition of Movidius, assuming the role of Vice President. The key to the deal was Movidius’ ability to make devices like smartphones contextually aware – in effect making phones, robots and drones capable of seeing and understanding their environment. Additionally, Movidius will also bring algorithms tuned for deep learning, depth processing, navigation and mapping, and natural interactions, in enhancing and bolstering RealSense capabilities, says Intel. US chip giant Intel is continuing its diversification drive with the acquisition of computer vision specialist Movidius for an undisclosed sum, to boost its VR and drone capabilities. Movidius, an Intel company, is transforming the future of computer vision and artificial intelligence (AI) to accelerate innovation for the next generation of smart and connected devices. 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. Movidius announced a planned acquisition by Intel in September 2016. Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Movidius has been active in the Google Project Tango project. With Movidius, Intel gains low-power, high-performance SoC platforms for accelerating computer vision applications. Movidius, an Intel company specializes in high-performance, ultra-low power vision processor chips, for advanced visual intelligence and AI applications on modern devices such smart cameras, drones, robots and wearable devices. The Movidius Neural Compute Stick … How does Ireland fare when it comes to global connectivity? The terms of the agreement were not disclosed. 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. Specifically, we will look to deploy the technology across our efforts in augmented, virtual and merged reality, drones, robotics, digital security cameras and beyond. 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. Insider Intelligence. Intel today gave the news of the acquisition of San Mateo, California-based Movidius which is a chip manufacturer who focuses on developing a major next generation computer sensing and vision technology. What followed was a number of key deals and breakthroughs, including the launch of the world’s first autonomous drone for Chinese drone maker DJI, the DJI Phantom 4 in March. Movidius' Myriad 2 VPU already powers Microsoft's HoloLens and Google's Project Tango. Atlantic Bridge, an investor in Movidius, also responded to news of the acquisition. “We’re entering an era where devices must be smart and connected,” explained Josh Walden, senior vice president and general manager of Intel’s New Technology Group. Almost a year after being bought by Intel, Movidius has revealed a tiny $79 USB tool that brings advanced AI to ordinary hardware devices. With the acquisition of machine vision processor chip maker Movidius Ltd. today, Intel Corp. aims to boost its efforts to help all manner of devices from drones to virtual reality headsets see better. Movidius gives Intel an in to get its sensor tech on low-powered mobile devices. “The ability to track, navigate, map and recognise both scenes and objects using Movidius’ low-power and high-performance SoCs opens up opportunities in areas where heat, battery life and form factors are key. Post-acquisition Movidius claims that it will retain its talent and the start-up mentality. We see massive potential for Movidius to accelerate our initiatives in new and emerging technologies. Intel has revealed it is acquiring Movidius, the Irish machine-vision chip maker whose technology is powering AI in cutting-edge virtual reality (VR) and drone applications by companies like Google and China’s DJI. “From a first meeting with promoter Sean Mitchell, to its initial investment in 2008, we knew we had a winner with the talented and ambitious founders of Movidius,” said Tom Shinkwin, partner at Enterprise Equity, the first Irish institutional investor in Movidius. Earlier this year, the company struck a lucrative deal with Google to ship its MA2450 chip in upcoming personal devices, including Google’s latest VR headset technology. Movidius specialises in designing low-power processor chips for computer vision. Moving deeper into computer vision, Intel is acquiring Silicon Valley startup Movidius for an undisclosed price. 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. “We were more optimistic, recognising early on the potential disruption the Movidius’ vision processing unit (VPU) technology could bring,” it added. Augmented by world class leadership, Movidius has grown successfully over many rounds of funding to become a world leading vision processing company enabling a new generation of intelligent devices.”. A look at how the Movidius acquisition will factor into Intel’s overall artificial intelligence platform. Why join Ireland’s new Women in Engineering Group? © Intel Corporation. The seven-person Vertex.AI team joined the Movidius team in Intel’s Artificial Intelligence Products Group. Our Website uses cookies to improve your experience. The acquisition will also give Intel access to algorithms used for deep learning, depth processing, navigation and mapping and natural interactions. When a device is capable of understanding and responding to its environment, entirely new and unprecedented solutions present themselves. Intel acquired Movidius in September 2016 for an undisclosed sum, rumoured to around $300 million. Walden said that Movidius’ technology will put Intel at the forefront of this new wave of computing. 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Cameras serve as the ‘eyes’ of the device, the central processing unit is the ‘brain’, and a vision processor is the ‘visual cortex’. “We recognise that specific system on a chip (SoC) attributes will be paramount to giving human-like sight to the 50bn connected devices that are projected by 2020.”. Intel has announced the acquisition of visual computing co-processor specialist Movidius in a deal the financial terms of which have not been disclosed. Please visit our Privacy Policy page for more information about cookies and how we use them. Intel said it plans to use the Movidius acquisition to position the chip giant to provide computer vision and deep-learning solutions from the device to the cloud. Who are the most prominent investors in Europe? All rights reserved. “Computer vision will trigger a Cambrian eexplosion 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.”. The terms of the acquisition were not disclosed. Cameras serve as the “eyes” of the device, the central processing unit is the “brain,” and a vision processor is the “visual cortex.” Upon integration, computer vision enables navigation and mapping, collision avoidance, tracking, object recognition, inspection analytics and more – capabilities that are extremely compelling in emerging markets. “We see massive potential for Movidius to accelerate our initiatives in new and emerging technologies,” Walden said. Movidius’ technology optimizes, enhances and brings RealSense™ capabilities to fruition. “Managing risk with early stage investing is what Enterprise Equity does best. The company now has offices in Silicon Valley, Ireland, Romania and China. Acquired Organization: Movidius Movidius is a fabless semiconductor company and the leader in mobile vision processor technology for connected devices. 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. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. 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He said that, with the pending acquisition of Movidius, Intel gains low-power, high-performance SoC platforms to accelerate computer vision applications. the Movidius chip will be the Pentium of the machine. By Charles King, Pund-IT, Inc. September 7, 2016. Dublin-headquartered Movidius was established 10 years ago by David Moloney and Sean Mitchell to bring deep-learning capabilities and machine intelligence to devices ranging from smartphones to today’s drones and VR headsets. “With Movidius, Intel features low-power, high-performance SoC platforms for accelerating laptop imaginative and prescient apps,” stated Walden. 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. A … With Movidius, Intel gains low power, high performance SoC platforms for accelerating computer vision applications. In June, the company scooped a major deal with Chinese electronics giant Lenovo to power its future range of VR devices. 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. Tech giant Intel has acquired Dublin-based chip-design company Movidius in a multimillion-euro deal. Intel. In this role, El-Ouazzane was responsible for continuing the engineering development, integration and commercial deployment of Movidius technologies. 2016-09-08T05:30:00Z The letter F. An envelope. In January, 2016 the company announced a partnership with Google. Movidius’s SoC claims a sub-1 Watt power budget, a rate much lower than competitors. The acquisition would merge the VPU with Intel's RealSense technology. Intel is serious about the future of not just virtual reality, but also augmented and mixed realities, and its latest acquisition proves it.. Movidius, established in 2005, became an Intel company following acquisition … Although the deal has not yet been finalized, the fact that both Intel and Movidius are announcing the acquisition suggests that it is almost certain to go through. 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. Acquisition Of Movidius Back in September 2016, Intel acquired an Irish chip company Movidius for $400M. Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Chip giant Intel has acquired it to help accelerate its RealSense project and other efforts to provide computer vision and deep learning solutions. 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Intel said it plans to use the Movidius acquisition to position the chip giant to provide computer vision and deep-learning solutions from the device to the cloud. Other names and brands may be claimed as the property of others. It also gives Intel algorithms tuned for deep learning, depth processing, navigation and mapping, as well as natural interactions and broad expertise in embedded computer vision and machine intelligence. Intel Pledges $5M to Develop HBCU Tech Law and Policy Center. 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With the introduction of RealSense™ depth-sensing cameras, we brought groundbreaking technology that allowed devices to “see” the world in three dimensions. Shares of Intel were higher Tuesday on word that it will acquire Movidius, a semiconductor startup. It indicates the ability to send an email. Most early naturalists and geologists who studied the fossil record believed that what Charles Darwin eventually termed “evolution by natural selection” followed a … * Transaction is subject to satisfaction of certain customary closing conditions. ‘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’– JOSH WALDEN, INTEL, “Simply put, computer vision enables machines to visually process and understand their surroundings. According to Walden, a major revolution is underway and Intel aims to be at the forefront of it. 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A commentary on Intel's planned acquisition of Movidius. Intel has made a highly strategic acquisition, greatly enhancing its position in the race to dominate vision processing chips, a key element in the hot area of mobile VR (virtual reality) driven by AI (artificial intelligence). Simply put, computer vision enables machines to visually process and understand their surroundings. Intel's acquisition of Movidius pushes it further into the virtual reality market. “When a device is capable of understanding and responding to its environment, entirely new and unprecedented solutions present themselves.”, How Intel sees the near future of machines with the ability to see and think for themselves.
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