RealSense, now independent from Intel, has secured $50 million in funding to expand AI-powered robotics and biometric vision systems worldwide.

Computer vision technology firm RealSense said on Friday it has completed its spinout from Intel Corp and secured $50 million in early-stage funding to accelerate expansion into the rapidly growing robotics sector.

Intel said its is spinning out its artificial intelligence robotics and biometric RealSense and announced a $50 million funding round. RealSense, which makes tools and technology for robotics automation, said it plans to use the funding to develop new product lines and meet growing demand.