Intel says the acquisition will help develop its IoT roadmap and empower customers to develop innovative IoT applications
Intel Corporation has agreed to acquire Itseez, a company which specialises in computer vision algorithms and implementations for embedded and specialised hardware. The chip maker is seeking to leverage its position in new Internet of Things (IoT) markets including driverless vehicles and industrial inspection.
The deal was announced in a blog post by Doug Davis, senior vice president and general manager of the Internet of Things group at Intel Corporation
“Itseez will become a key ingredient for Intel’s Internet of Things group (IOTG) roadmap, and will help Intel’s customers create innovative deep-learning-based computer vision (CV) applications like autonomous driving, digital security and surveillance, and industrial inspection,” he said.
“This acquisition furthers Intel’s efforts to win in IoT market segments like automotive and video, where the ability to electronically perceive and understand images paves the way for innovation and opportunity.”
Intel plans to add new capabilities to its automotive portfolio like ‘functional safety’ and over-the-air software management. Another key requirement for self-driving cars is the ability to see and accurately interpret surroundings, the company said, and one of the technologies necessary to support this capability is computer vision.
Computer vision includes methods for acquiring, processing, analyzing and understanding images from the real world in order to make informed decisions and automate actions. Computer vision technology is quickly becoming critical for the future of smart and connected ‘things’ from autonomous vehicles, security systems, medical imaging and more.
Itseez is also a key contributor to computer vision standards initiatives including OpenCV and OpenVX. “Together, we’ll step up our contribution to these standards bodies – defining a technology bridge that helps the industry move more quickly to OpenVX-based products,” he added.
Intel is focused on delivering end-to-end IoT solutions addressing devices, wired and wireless networks and the cloud.