Intel has signed a definitive agreement to acquire Itseez Inc., an expert in Computer Vision (CV) algorithms and implementations for embedded and specialised hardware.
Writing about it on the Intel Website, Doug Davis, Senior Vice President and General Manager of the Internet of Things (IoT) Group at Intel Corporation, said Itseez contributed software tuning and integration in many market-leading products shipping today from cars to security systems and more. This acquisition, he added, furthered Intel’s efforts to win in IoT market segments like automotive and video.
Intel is in the process of transforming from a PC company to a company that powers the Cloud and billions of smart, connected computing devices. These devices will use the power of Intel technology to process data being generated from “things,” connect to and learn from data being analyzed in the cloud, and deliver amazing new experiences. One of Intel’s IoT thrust areas is autonomous driving.
Computer vision, necessary for this, includes methods for acquiring, processing, analysing and understanding images from the real world in order to make informed decisions and automate actions. Itseez will thus, 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, said Doug. Itseez is also a key contributor to computer vision standards initiatives including OpenCV and OpenVX.
Image Credit: Intel