With an aim to develop better navigation for self-driving cars, Intel has acquired a Russian company called Itseez, a specialist in computer vision. For now, the financial terms of the deal have not been disclosed.
Itseez, a San Francisco-based company, makes computer vision algorithms and software. The company has many products, including many for automobiles. Doug Davis, Intel senior vice president and general manager of its Internet of Things Group (IOTG), said about the deal that Itseez will prove very important for Intel’s Internet of Things Group roadmap.