The Times of IsraelEconomy18:45

Cognex Acquires Intel's RealSense Robotics Unit for Over $600 Million

Summarized from The Times of Israel by baba

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US company Cognex is acquiring Israeli robotics AI vision firm RealSense, a former Intel spinoff, for over $600 million. The deal will establish RealSense's Israeli operations as Cognex's new development center.

The story in 5 lines · by baba

Cognex will acquire Intel's RealSense robotics unit for over $600 million.
RealSense develops AI vision technology for robots and autonomous systems.
The acquisition marks Cognex's first purchase in Israel.
RealSense's Israeli operations will become Cognex's development center.
The deal follows Intel's recent spin-off of RealSense.

Cognex Acquires Intel's RealSense Robotics Unit for Over $600 Million — Editorial illustration generated by baba News, not a photograph of the event.

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RealSense cameras are embedded in 70 percent of the world’s autonomous mobile robots and humanoids.per the firm
RealSense expects to generate revenue of $80 million to $90 million in 2026.per the company
RealSense has expanded its operations, increased its workforce, and tripled its revenues since becoming independent.per the company

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The Times of IsraelCentre · Jerusalem