Intel Acquires Itseez Facebook acquires TwoBigEars

There is a lot of tech money out there chasing opportunities.

As stockholders in MicroVision, that's great for us -- unless we accept too little for our shares.


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Itseez based in San Francisco was founded in 2005 to make computer vision algorithms and software. Along with that, it also includes a suite of algorithms for automobiles called “advanced driver assistance systems.” This unique feature allows car hardware to recognize pedestrians and traffic signs and can help in detecting when a car drifts from its lane.

Apart from the automotive field, Itseez has also developed algorithms for robotics, surveillance, smartphones and sports analytics. Last month, Intel also announced the purchase of Yogitech, another IoT company. Other than this in 2015, it also brought Lantiq, which is known for making chips for smartphones.

Around 40% of Intel total revenue is generated through the data center and IoT Business. IoT has already helped Intel to survive in the time when PC market is seeing a decline in its popularity among the consumers and has contributed about $2.2 billion in revenue growth last year.

Itseez about us

Now Itseez is incubating its next products: itSeez3D – a breakthrough consumer 3D scanning solution, a suite of ADAS algorithms and an embedded face solution Facense.

Itseez Products

Facebook Acquires TwoBigEars


Facebook has acquired a spatial audio technology company named Two Big Ears for an undisclosed amount. In a statement, the company said, “Our mission is to make VR audio succeed across all devices and platforms and continue to help creators make the best experiences for billions of people across the world.” Two Big Ears stated that support for its paid licenses will be wound down in the next 12 months.