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, said it plans to use the funding to develop new product lines and meet growing demand.

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.

The round was led by an unnamed semiconductor private equity firm with participation from strategic investors that included Intel Capital and MediaTek Innovation Fund. It will enable RealSense to expand into adjacent markets and advance innovation in artificial intelligence, robotics and biometrics, the company said.