Movidius plans to double workforce
The Dublin-founded company yesterday unveiled another groundbreaking product with its deep learning USB stick which will add artificial intelligence to a range of consumer products such as drones, security cameras and household appliances.
The Fathom Neural Compute Stick will allow devices to learn from their environments, recognise objects and will open consumers up to a world of opportunity comparable to the smartphone revolution, according to Movidius chief executive Remi El-Ouazzane.
Potential applications of Movidius’s technology include enabling drones to automatically identify safe landing areas, improving self-driving cars ‘decision-making’ and allowing home security systems to recognise when a person falls asleep so the house can be secured.
“There are a whole variety of uses across the gamut from things like security to robotics to image analysis to medical histology trying to recognise cancer cells at an early stage,” Movidius chief technology officer David Moloney said.
The Fathom announcement is the company’s fourth since the turn of the year and it expects many more deals to be completed before the end of 2016.
Up to seven more major announcements are in the pipeline with industry-leading names likely to be among its list of partners by 2017.
“Given the size of our company we do have to be somewhat picky with the customers we engage right now so most of our customers are world beaters or in that inner circle of top three or top five in any particular fields.
“There are some very exciting, well-known names in the pipeline,” according to Movidius marketing and communications director, Jack Dashwood.
On the back of those deals and its growing commercial success, the company plans to double its workforce of 135 with the majority of new roles set to be located in Dublin and others in Romania and at its US base in Silicon Valley.
