RealSense spins out of Intel to scale its stereoscopic imaging technology

After 14 years within Intel’s ecosystem, RealSense is embarking on an independent journey to enhance its advanced stereoscopic imaging technology. Specializing in cameras that leverage stereoscopic imaging, the company merges two distinct images to create depth perception enhanced by infrared light. This innovative technology equips machines such as robots, drones, and autonomous vehicles with the ability to better perceive their environments, playing a crucial role in applications like facial authentication. CEO Nadav Orbach shared insights about the company's mission, stating, "The common denominator of all of them is they live in the real, physical world. They need to understand the surroundings in 3D and based on that, take and plan actions right in the world." He emphasized the necessity for real-time and high-accuracy 3D understanding, which is the core of RealSense's offerings. Orbach, who joined Intel in 2006 as a CPU architect, shifted his focus to vision technology in 2011 and eventually became the general manager of incubation and disruptive innovation in 2022. Reflecting on the origins of RealSense, he remarked, "We knew and understood that 3D perception was going to be big," although the specific applications were initially uncertain. The company explored various market segments before finding its primary niche in robotics. Beyond robotics, RealSense is making strides in multiple industries. For instance, fish farms are utilizing their technology to monitor the volume of fish in their pens, while Chipotle has partnered with AI restaurant software company PreciTaste to use RealSense cameras for inventory management. With over 3,000 customers, RealSense has witnessed a significant uptick in interest over the past few years, largely fueled by advancements in AI. Recognizing the need to scale effectively, the decision was made to spin out from Intel and secure independent funding. This transition, which received the green light from former Intel CEO Pat Gelsinger, has enabled RealSense to raise $50 million in a Series A funding round from Intel Capital and other strategic investors. Orbach expressed enthusiasm about this new chapter, noting that as a first-time CEO, raising funds was a humbling experience. The newly acquired capital will be directed toward expanding the go-to-market team and refining the technology. A key focus will be enhancing safety in human-robot interactions and improving access control systems. "There is a learning curve of, you know, stepping out," Orbach acknowledged, but he conveyed his excitement about the future. With a robust team and shared entrepreneurial spirit, he believes they have the right ingredients for success, marking this spinout as a dream fulfilled for him.