Intel has announced its latest acquisition of a computer vision firm, Itseez Inc. The company expertize in Computer Vision (CV) algorithms and implementations for embedded and specialized hardware.
The company is focusing on delivering end-to-end IoT solutions, wired and wireless networks and the cloud. It thinks that the acquisition of Itseez will add to the “efforts to win in IoT market segments like automotive and video.”
Intel had signed a definitive agreement to acquire Itseez on May 25. The firm is trying to transform from a PC company, and so it thinks that 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.
Itseez contributes software tuning and integration in wide range of products from cars to security systems, and more.
“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,” noted Doug Davis, SVP and GM of Internet of Things (IoT) Group at Intel.