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Israel engineers are behind the development of the largest communications router in the world, launched by Cisco.

Sunday, April 13, 2014

Intel Capital Invests $15 million into Israeli Startup OrCam

Intel to use Israeli technology to help its emotion- and gesture-reading camera system.
Intel Capital has invested $15 million into OrCam, the Israeli startup that turns the world into speech for the blind, according to a report by GigaOm. “OrCam had an investment round and Intel indeed participated in it,” Dr. Yonatan Wexler, Senior VP R&D of OrCam, told ISRAEL21c, but did not expand on financial details. “There is good synergy between the companies. We intend to use Intel’s capabilities to improve our product.” The OrCam device is a smart camera that clips onto one’s glasses and helps the visually impaired “read” words and numbers around them. The $2,500 device uses algorithms and bone conduction technology and is already on the market. ISRAEL21c listed OrCam as one of the Top 10 Israeli advances in vision. According to the GigaOm report, Intel will likely use the technology to help its emotion “perceptual computing” system or use it for its growing healthcare and life sciences division.
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OrCam camera device is one of Israel's Top 10 advances in vision. Hebrew University Prof. Amnon Shashua created this device that attaches to eyeglasses and is wired to a portable computer in the wearer's pocket. Using bone conduction technology, it "speaks" text (menus, street signs, grocery labels, newspapers) as well as bus numbers and other objects that the user points to. It can even recognize faces and monitor traffic lights.

Video and Editing by Asi Aivas
Reporting and Producing by Viva Sarah Press