After spending over a decade under the umbrella of a major semiconductor corporation, RealSense is embarking on an exciting new journey as an independent entity. This transition marks a significant milestone in the evolution of stereoscopic imaging technology, which is poised to revolutionize various industries.
Understanding Stereoscopic Imaging
RealSense specializes in advanced camera systems that utilize stereoscopic imaging techniques. By capturing two images of the same object from slightly different angles, these cameras create a three-dimensional perception of depth, enhanced by infrared illumination. This innovative technology is crucial for enabling machines, including robots, drones, and self-driving vehicles, to navigate and interpret their environments more effectively. Additionally, it plays a vital role in facial recognition systems.
“The essence of our technology is its ability to operate in the real world,” stated the CEO, Nadav Orbach, in a recent interview. “Machines must comprehend their surroundings in three dimensions to make informed decisions and execute actions in real-time. Our expertise lies in providing that high-accuracy, real-time 3D understanding.”
A Journey of Innovation
Orbach’s journey with the company began in 2006 when he joined as a CPU architect in Israel. His focus shifted to vision technology in 2011, and he eventually took on the role of general manager for incubation and disruptive innovation in 2022, relocating to San Francisco shortly thereafter.
Reflecting on the early days of RealSense, Orbach remarked, “We recognized the potential of 3D perception early on, but we were uncertain about the specific applications. Over time, we explored various market segments, from gesture recognition to robotics, where we ultimately found our niche.”
Diverse Applications Beyond Robotics
While robotics remains a primary focus, RealSense’s technology has found applications across various sectors. For instance, the company has engaged with aquaculture businesses seeking to monitor fish populations in their pens. Additionally, partnerships with food service companies have emerged, utilizing RealSense cameras to manage inventory levels effectively.
With a growing customer base exceeding 3,000, RealSense has experienced a notable increase in interest over the past few years, particularly as advancements in artificial intelligence have expanded the possibilities for robotic applications.
Strategic Spinout for Growth
Recognizing the need to scale and meet rising demand, the decision to spin out from Intel was made last year, receiving approval from the former CEO of Intel. This strategic move has allowed RealSense to secure $50 million in Series A funding from various investors, providing the necessary resources to launch its independent operations.
“This transition has been exhilarating for me,” Orbach shared. “As a seasoned executive, stepping into the role of CEO and navigating the fundraising process was a humbling experience.”
Future Focus and Development
The newly acquired capital will be directed towards expanding the company’s market presence and enhancing its technological capabilities. A key area of focus will be improving safety measures for human-robot interactions and refining access control systems.
“Stepping into this new phase comes with its challenges, but I am incredibly excited about the future,” Orbach concluded. “I am fortunate to lead a talented team with entrepreneurial backgrounds, and I believe our combined expertise positions us well for success. This is truly a dream come true.”