Intel agreed to acquire Itseez Inc., a privately-held developer of Computer Vision (CV) algorithms. Financial terms were not disclosed. Itseez is based in Russia.
Itseez’s Advanced Driver Assistance Systems (ADAS) are used in a number of autonomous driving systems, providing functionality such as lane departure warning, traffic sign detection, forward collision warning and pedestrian detection. Itseez is also a key contributor to computer vision standards initiatives including OpenCV and OpenVX.
Intel said the acquisition furthers its efforts to win in IoT market segments like automotive and video, where the ability to electronically perceive and understand images paves the way for innovation and opportunity.
https://newsroom.intel.com/editorials/intel-acquires-computer-vision-for-iot-automotive/
