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Movidius is a technology company.
Movidius develops low-power processor chips specifically designed for computer vision and deep learning applications. Its core products include the Myriad series of Vision Processing Units (VPUs), such as the Myriad 2 and Myriad X, which incorporate a Neural Compute Engine. These specialized processors enable efficient on-device AI inference, allowing complex machine vision tasks to be performed directly on devices with stringent power constraints.
The company was co-founded in 2005 by Sean Mitchell, David Moloney, and Val Muresan in Dublin, Ireland, later establishing its headquarters in San Mateo, California. Their insight centered on the growing need for dedicated hardware capable of handling computationally intensive visual processing and artificial intelligence workloads without consuming excessive power, addressing a critical challenge for embedded systems and mobile devices.
Movidius’s technology serves a broad range of customers across various industries, providing the foundational silicon for smart devices. Its processors are integrated into products requiring real-time, edge-based AI capabilities, including security cameras, drones, industrial machine vision systems, and robotics. The company’s vision is to advance ubiquitous, intelligent visual processing, fostering a future where sophisticated AI can operate efficiently on any device.
Movidius has raised $103.5M across 4 funding rounds.
Movidius has raised $103.5M in total across 4 funding rounds.
Movidius has raised $103.5M in total across 4 funding rounds.
Movidius's investors include Summit Bridge Capital, David Lam, AIB Seed Capital Fund, Paul Thurk, Atlantic Bridge, Capital-E, Draper Esprit, Robert Bosch Venture Capital, Sunny Optical Technology Group, Atlantic Bridge University Fund, Molten Ventures, Openview Venture Partners.
Movidius was a pioneering technology company that developed compact, high-performance, ultra-low power vision processor chips and software solutions for computer vision and AI applications in connected devices.[1][2][3] It served markets including mobile and wearable devices, drones, robots, security cameras, industrial machine vision, and emerging tech like virtual reality headsets, addressing the need for efficient, real-time visual sensing and edge AI inference.[1][2][3][5] The company solved key challenges in power-constrained environments by enabling intelligent, contextually aware experiences through its Vision Processing Units (VPUs), such as the Myriad 2 chip, which delivered 80-150 GFLOPS at 1W while supporting frameworks like TensorFlow and Caffe.[2][3] Founded in 2006, Movidius raised $86.5M before its acquisition by Intel in 2016 for a reported $630M enterprise valuation, after which Intel integrated and continued selling its products under the Movidius brand.[1][3][4]
Movidius was co-founded in 2005 in Dublin, Ireland, by Sean Mitchell, David Moloney, and Val Muresan, with operations later based in San Mateo, California, and Santa Clara as HQ.[1][3][4] The founders leveraged expertise in semiconductor design to create low-power processors for computational imaging and vision processing, emerging from the need for efficient visual intelligence in power-limited devices.[2][3] Early traction built through funding rounds totaling nearly $90M from 2006-2016, including Series A ($14M), B ($7.5M), C ($9M), D ($16M), and E ($40M).[1][4] Pivotal moments included appointing Remi El-Ouazzane as CEO in 2013, a 2016 partnership with Google for Project Tango, and Intel's acquisition announcement on September 5, 2016, accelerating its tech into broader AI ecosystems.[3][5]
Movidius rode the early wave of edge AI and computer vision, enabling visual intelligence in power-constrained devices amid rising demand for IoT, drones, robots, and AR/VR.[1][5] Its timing aligned with exploding smartphone adoption, digital literacy, and AI frameworks like TensorFlow, filling gaps in efficient, on-device processing before cloud dominance.[1][3] Market forces like low-cost hardware and network infrastructure favored its VPUs, which minimized latency and power use compared to GPU alternatives.[2][4] Post-acquisition, Intel leveraged Movidius to bolster RealSense and lead in device-to-cloud AI pipelines, influencing ecosystems in autonomous systems, smart cameras, and industrial automation.[3][5]
Intel continues to evolve Movidius VPUs for demanding AI workloads, integrating them into next-gen edge devices amid surging demand for efficient inference in autonomous vehicles, smart homes, and medical imaging.[2][4] Trends like wafer-scale AI acceleration and data-movement bottlenecks will amplify their relevance, as competitors like Cerebras and Vathys push similar boundaries.[1] Movidius' legacy positions Intel to expand influence in hybrid edge-cloud computing, potentially driving further acquisitions or partnerships in visual AI, tying back to its origins in pioneering low-power vision for a connected world.[3][5]
Movidius has raised $103.5M across 4 funding rounds. Most recently, it raised $40.0M Other Equity in April 2015.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 14, 2015 | $40.0M Other Equity | Summit Bridge Capital, David Lam | AIB Seed Capital Fund, Paul Thurk, Atlantic Bridge, Capital-E, Draper Esprit, Robert Bosch Venture Capital, Sunny Optical Technology Group |
| Apr 1, 2015 | $40.0M Series E | Atlantic Bridge University Fund, Molten Ventures, Openview Venture Partners | |
| Jul 1, 2013 | $16.0M Series D | Brian Long, Brian Caulfield, Hongquan Jiang | Atlantic Bridge University Fund, Molten Ventures, Openview Venture Partners, AIB Seed Capital Fund, Capital-E |
| May 19, 2010 | $7.5M Series B | AIB, Capital-E, Celtic House Venture Partners, Emertec |