Intel spins out AI robotics company RealSense with $50 million raise

Core Viewpoint - Intel is spinning out its artificial intelligence robotics and biometric venture, RealSense, to capitalize on the growing demand for automation tools in the industry [1][2]. Group 1: Company Overview - RealSense is the new company formed from Intel's robotics automation and biometric venture, announced alongside a $50-million Series A funding round [2]. - The funding round includes contributions from MediaTek Innovation Fund and Intel Capital, which is also being spun out [2]. - Nadav Orbach, currently Intel's vice president and general manager for incubation and disruptive innovation, will serve as CEO of RealSense [3]. Group 2: Market Demand and Strategy - RealSense aims to use the funding to develop new product lines and meet the increasing global demand for robotics automation tools [3]. - The CEO highlighted that the timing is right for physical AI, as the technology is gaining more use cases and traction [4]. - Companies worldwide are increasing their investments in the robotics sector as AI applications continue to expand [4].