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 spinout comes as Intel attempts to overhaul its workplace culture, boost productivity, and reduce both operating and capital expenses during what new CEO Lip-Bu Tan has called a “make-or-break” moment. The company will report its second-quarter earnings on July 24.

RealSense, a pioneer in AI-powered computer vision, today announced its successful spinout from Intel Corporation and the close of a $50 million Series A funding round. With investment led by a renowned semiconductor private equity firm and participation from strategic investors,