Intel said it is spinning out its artificial intelligence robotics and biometric venture RealSense and announced a $50 million funding round. RealSense, which makes tools and technology for robotics automation,

Intel is spinning off RealSense as a separate company, after its depth-camera tech failed to make a dent in the PC space.

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.