Intel Spins Out RealSense, Raises $50 Million to Advance AI Robotics and Biometric Solutions

Intel has announced the spinout of its artificial intelligence robotics and biometric venture into a new standalone company called RealSense. This move comes alongside a $50 million Series A funding round, which includes investments from MediaTek Innovation Fund and Intel Capital, the chipmaker's venture arm. RealSense, which specializes in tools and technology for robotics automation, plans to use the fresh funding to develop new product lines and address growing global demand. Nadav Orbach, currently Intel's vice president and general manager for incubation and disruptive innovation, will take the helm as RealSense's CEO. In an interview with CNBC, Orbach highlighted the timely nature of the spinout, noting the increasing number of use cases and traction for physical AI. "The technology is reaching a point where there are more practical applications and a greater demand," he said. "We see a significant need for expansion, and raising external funds is the right path forward for us." The spinout reflects a broader trend of increased investment in robotics and automation as AI technologies continue to mature and find new applications across various industries. Companies worldwide are ramping up their efforts in this space, recognizing the potential of robotics to enhance efficiency and solve complex problems. RealSense’s focus on developing advanced tools for robotics automation aligns with Intel’s strategic vision to capitalize on emerging technologies. By spinning out RealSense, Intel aims to foster rapid innovation and agile growth in a segment that is seeing accelerating interest and investment.