Vision processing chipmaker Movidius, which had raised more than $86m from investors including Robert Bosch and Sunny Optical, has been acquired for an undisclosed sum.
Semiconductor technology manufacturer Intel agreed on Monday to acquire US-based vision processing technology producer Movidius for an undisclosed amount, providing an exit to industrial product maker Robert Bosch.
Movidius builds programmable, ultra-low power vision processing units that are used to help power robotics, wearable devices, augmented and virtual reality and smart security systems. Its technology will be used to enhance RealSense, Intel’s depth-sensing camera platform.
Josh Walden, senior vice-president and general manager of Intel’s New Technology Group, said in a…
