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RealSense Spins Out of Intel, Raises $50 Million to Boost AI Vision in Robotics

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RealSense, a computer vision technology company, announced on Friday its official spinout from Intel Corp and the successful raising of $50 million in early-stage funding. This capital injection aims to accelerate RealSense’s growth in the fast-expanding robotics market. The firm specializes in developing 3D cameras that allow machines to perceive depth, interpret surroundings, and interact intelligently with their environment.

Backed by Intel Capital, the MediaTek Innovation Fund, and other strategic investors, RealSense plans to use the funds to increase manufacturing capacity and expand its global sales and marketing efforts. CEO Nadav Orbach highlighted that a portion of the funding will also support R&D for AI software and the next generation of depth cameras, though the company did not disclose the valuation of the funding round.

Orbach noted that while some of RealSense’s customers are vertically integrated companies, the firm currently serves over 3,000 active customers worldwide, reflecting strong ecosystem growth. Their latest product, the D555 camera, supports data and power transmission through a single cable and includes embedded AI features that enhance real-time environmental awareness for robots and security systems.

RealSense’s depth cameras are integrated into 60% of the world’s autonomous mobile robots and humanoids, counting clients like China’s Unitree Robotics and Switzerland’s ANYbotics. Beyond robotics, the company is expanding into security systems utilizing facial recognition technologies supported by its proprietary software for environment mapping and identification.

While manufacturing primarily occurs in Thailand and other parts of Asia, RealSense maintains its headquarters and business operations in the United States. Orbach mentioned that while IPO or acquisition possibilities remain open, the company’s current focus is on sustained, long-term growth.

Palantir Shares Tumble Over 13% Despite Revenue Beat and Upgraded Forecast

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Palantir Technologies (PLTR.O) saw its stock plunge more than 13% on Tuesday, as investors reacted negatively to quarterly results and a raised full-year forecast that fell short of Wall Street’s elevated expectations. This comes after the stock had soared 63% year-to-date, following a quadruple gain in 2023, driven by optimism around its AI capabilities and government contracts.

The Denver-based data analytics firm reported first-quarter revenue of $883.9 million, a 39% year-over-year increase, and above analyst expectations of $862.8 million, according to LSEG. U.S. government revenue surged 45%, highlighting continued momentum in federal and defense sectors.

Despite the beat, analysts say the market had already priced in strong performance, leaving little room for upside. “We believe we have reached a point where respectable earnings beats and raised guidance aren’t enough to materially move the stock to the upside,” said Morningstar analyst Mark Giarelli.

Palantir now forecasts 2024 revenue between $3.89 billion and $3.90 billion, up from the prior estimate of $3.74 billion to $3.76 billion. The company also noted a record number of $1 million+ deals, with strong customer growth in U.S. commercial sectors such as healthcare, energy, and automotive.

However, valuation concerns are mounting. Palantir’s 12-month forward P/E ratio stands at 202.07, significantly higher than that of industry peers like Snowflake (131), Datadog (54.81), and Salesforce (23.48). If the stock decline holds, the company is poised to shed over $40 billion from its $292 billion market cap.

Despite the sell-off, at least nine brokerages raised their price targets for Palantir post-earnings, pushing the median target to $96.46 — a sign of continued long-term confidence in the firm’s AI-driven growth.

C3.ai Raises Annual Revenue Forecast Amid Strong AI Software Demand

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C3.ai, a prominent enterprise artificial intelligence (AI) software provider, has increased its revenue forecast for fiscal year 2025, citing strong demand for its solutions that help organizations streamline workflows. The California-based company now projects revenue between $378 million and $398 million, up from its earlier range of $370 million to $395 million.

Following the announcement, C3.ai’s shares surged 14.8% in extended trading.

Growth Drivers

C3.ai specializes in software for enterprises to develop AI applications across key sectors such as energy, manufacturing, financial services, and healthcare. The company’s enhanced performance is partly attributed to its expanded partnership with Microsoft. As part of this collaboration, C3.ai has become the “preferred” AI application provider on Microsoft’s Azure cloud platform.

This partnership underscores C3.ai’s strategic position in the rapidly evolving AI industry. The company’s shares have risen more than 45% year-to-date, reflecting investor optimism in its long-term growth potential.

Financial Highlights

For the second quarter of fiscal 2025, C3.ai reported revenue of $94.3 million, marking a 29% increase from the same period last year and surpassing analysts’ expectations of $91 million, as per LSEG data.

On an adjusted basis, the company reported a smaller-than-expected loss of 6 cents per share, compared to analysts’ forecast of a 16-cent loss.

Market Outlook

The positive revenue outlook and strong quarterly results highlight the growing adoption of AI-driven enterprise tools. C3.ai’s continued growth could position it as a key player in AI software, especially as businesses increasingly integrate AI solutions to enhance efficiency and innovation.