Movidius develops low-power accelerated computer-vision processors that power devices such as Google’s Tango tablet and other consumer products. Its processors target applications including drones and VR/AR (positional and eye tracking) where low latency and power efficiency are critical. The company says its products will appear in a number of consumer devices from well-known brands and is working with three of the five main head‑mounted display manufacturers. Movidius has offices in Silicon Valley, Ireland and Romania. With the new funding it plans to push R&D, hire more engineers, and improve the software tools that help developers utilize its vision processors; the next version of its processor is coming soon. Management expects to focus on high‑growth markets and compete on a combination of price, performance and power while largely avoiding the long lead times of automotive vision. Movidius is a San Mateo, CA-based company that develops a low-power, multi-core architecture and accompanying software for imaging and computer vision on mobile devices. Its technology targets applications such as post-capture refocusing, high-quality zoom, augmented reality simulation, gaze- or gesture-based user interfaces, advanced location-based services, and 3D modeling and scanning for printing. The company is led by CEO Remi El-Ouazzane. Movidius raised $16m in a Series D funding round. The company intends to use the funds to accelerate product development and to build its presence and R&D team in Silicon Valley. It has established new U.S. headquarters in Silicon Valley. Movidius develops the Myriad platform — a low-power processor and application software stack that enables advanced multimedia features on mobile devices, including real-time video editing, 3D mobile video and high-quality video enhancements. The company’s technology targets next-generation mobile handsets by improving imaging capabilities and video download bandwidth utilization. Movidius is transitioning from development to product deployment and plans mass production later in 2010. Handsets embedding its products were expected to reach market in early 2011. The company also operates offices in Hong Kong and a software development centre in Romania. The new funding will support growth and initial high-volume production of Myriad-based products.

Total raised

$64M

Funding rounds

3

Latest round

Equity

Latest activity

Apr 2015