Artificial Intelligence computer vision firm, RealSense, successfully secures $50 million during their Series A funding round.
RealSense, a company specialising in AI, robotics, biometrics, and computer vision, has announced a successful $50 million Series A funding round, led by a private equity firm. The round was supported by notable investors including Intel Capital and MediaTek Innovation Fund.
The funding will be utilised to accelerate RealSense's expansion into emerging markets, scale its manufacturing capabilities, and increase its global presence to meet the growing demand for humanoid and autonomous mobile robotics (AMRs), and AI-based access control and security solutions.
The company, founded by Nadav Orbach (CEO), Mark Yahiro (VP, Business Development), Mike Nielsen (VP, Marketing), Fred Angelopoulos (VP, Sales), Guy Halperin (VP, Head of R&D), and Eyal Rond (VP, AI and Computer Vision), boasts a team of experienced professionals. Joining them in key roles are Joel Hagberg as Vice President, Product, Ilan Ofek as Vice President, New Product Introduction and Manufacturing, and Chris Matthieu as Chief Developer Evangelist.
RealSense has already established a broad network of vision system distributors and value-added resellers. Partnerships with firms like ANYbotics, Eyesynth, Fit:Match, and Unitree Robotics further strengthen its position in the market.
With over 3,000 customers worldwide and holding over 80 global patents, RealSense has demonstrated its commitment to innovation. The company's latest development, the D555 depth camera with next-gen Vision SoC V5 and PoE, showcases its leadership in embedded vision and edge AI.
The robotics market is projected to quadruple from $50 billion to over $200 billion in six years, with demand for humanoid robots growing over 40% annually. RealSense, with its focus on safety, human potential enhancement, and the removal of danger and drudgery from human work, is well-positioned to meet this growing demand.
Nadav Orbach, CEO of RealSense, expressed his vision for the company: "Our aim is to build on our leadership position in 3D perception in robotics and adapt to rapidly changing market dynamics as we lead the charge in AI innovation and the coming robotics renaissance. We are committed to enabling the world to integrate robotics and AI in everyday life safely, with a focus on removing danger and drudgery from human work, and amplifying human potential by offloading tasks to machines equipped with intelligent, secure, and reliable vision systems."
Facial biometrics, a technology that RealSense is leveraging, is increasingly being used in daily applications like airport screening and event entry. As the world continues to embrace AI and robotics, RealSense is poised to play a significant role in shaping this future.
The company will continue to support existing customers and products, including popular RealSense depth cameras used in 60% of the world's AMRs and humanoid robots. With its global manufacturing technology capabilities ensuring consistent quality and product performance, RealSense is ready to meet the challenges and opportunities that lie ahead.
