May 27, 2016 0 Comments
Intel has acquired machine-vision startup Itseez for an undisclosed amount. Itseez’s technology allows computers to see and understand things around them. It’s being used today in security applications, self-driving cars and robotics. The startup specialises in providing automakers with Advanced Driver Assistance Systems (ADAS) algorithms that enables cars to detect obstacles on the road. The ADAS system can warn the driver of incoming collisions, approaching pedestrians, traffic signs or if the car has drifted off the lane. The company also has a face analysis and manipulation technology called Facense. According to Intel, Itseez will be a vital part of the company’s Internet of Things strategy. It will support Intel’s efforts in the digital security and surveillance market, as well as in the autonomous driving and industrial inspection sector.
© 2016 Online Agility Investments, Acquisitions and Venture Capital Database | Internet DealBook. All Rights Reserved.