- Intel (NASDAQ:INTC) is buying Itseez, a Russian developer of computer vision algorithms and related technology for embedded systems. Terms are undisclosed.
- Intel: "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. 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 CV applications like autonomous driving, digital security and surveillance, and industrial inspection."
- The acquisition comes less than two months after Intel bought Yogitech, an Italian provider of functional safety solutions for chips - they help prevent chips within cars, industrial equipment, and other embedded systems from failing, and alert users in the event that they do.
- Last year, video processor developer Ambarella bought VisLab, an Italian developer of computer vision and intelligent control systems for cars and other products. Mobileye is currently the top provider of vision processors for the advanced driver-assistance system (ADAS) market. NXP and Nvidia are also eying the market.
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Earlier: Intel abandons effort to sell VC portfolio assets