Formerly known as Intel RealSense, the company said it will use the funding to reach new markets and meet global demand for humanoid and autonomous mobile robots, or AMRs, and art

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.

The round was led by an unnamed semiconductor private equity firm with participation from strategic investors that included Intel Capital and MediaTek Innovation Fund. It will enable RealSense to expand into adjacent markets and advance innovation in artificial intelligence, robotics and biometrics, the company said.