In-brief: Intel announced on Thursday that it was acquiring Itseez Inc., a San Francisco-based start-up that develops algorithms and software for computer vision. The company said it sees applications in autonomous vehicles, security and manufacturing.
Intel is doubling down on the Internet of Things. The company announced on Thursday that it was acquiring Itseez Inc., a San Francisco-based start-up that develops algorithms and software for computer vision.
Writing on the company’s blog, Doug Davis, Intel’s Senior Vice President and General Manager of the Internet of Things Group at Intel said that the acquisition was more evidence that Intel was “transforming from a PC company to a company that powers the cloud and billions of smart, connected computing devices.”
The firm focused on Itseez (pun intended) and computer vision because of its clear applications to possibly the hottest “Internet of Things” play right now: connected vehicles and autonomous driving. From Davis’s post:
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 contributes software tuning and integration in many market-leading products shipping today from cars to security systems and more. 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.
According to Davis, Itseez will become a part of Intel’s Internet of Things Group (IOTG) roadmap and enable next-generation “deep-learning-based (computer vision) applications” that include autonomous driving as well as digital security and surveillance, and industrial inspection.
The firm, which was founded by two, former Intel employees, is also involved in promoting two open standards related to machine vision: OpenCV and OpenVX. Intel said it would throw its weight behind those as well, “defining a technology bridge that helps the industry move more quickly to OpenVX-based products.”
Read more over at Intel: Intel Acquires Computer Vision for IOT, Automotive | Intel Newsroom