Advances in computer vision, video analytics and artificial intelligence are opening new opportunities for visually intelligent computers that ‘perceive’ and respond to their environments, including autonomous cars, robots surveillance cameras and other sensor devices that can communicate with each other as part of the ‘Internet of Things’. But these functions require large amounts of rapid information processing, and this can drain power sources quickly, rendering them impractical or costly.
Movidius developed a silicon-based chip that enables a parallel approach to processing technology. This in turn allows applications with high data loads to operate in a power-efficient way. Ultimately the aim is to give the power of sight to machines.
Seán P. Mitchell, Dr David Moloney and Dr Valentin Muresan founded the company in 2005. They moved to DIT Hothouse at Dublin’s Docklands where they prepared the business to be more investor ready. The company set up offices in Dublin and Romania, secured venture capitalist investment and went from strength to strength. The company formed a partnership with Google in 2016 to accelerate the adoption of deep learning within mobile devices. Later that year it was announced that Intel was acquiring Movidius as part of Intel’s Perceptual Computing Group in California. Movidius has won numerous awards, including the Outstanding EMEA Semiconductor Company for 2016 from the Global Semiconductor Alliance.
DIT Hothouse provided office space and development support for Movidius in its early days, enabling the entrepreneurs to develop their business plan. DIT Hothouse also facilitated the start-up’s relationship with Enterprise Ireland, which in turn helped Movidius to secure later investment.
“DIT Docklands gave us a physical location and also a structure to get our thoughts and business plan together and to prepare to pitch to investors. That structure and getting that focus is very powerful.”
Seán P. Mitchell, Co-Founder and COO of Movidius, Senior Director of Engineering at Intel’s Perceptual Computing Group