RealSense

Module one: sensor input stereo camera with an integrated IMU.

The original article specified an Intel RealSense D435, but the D435 has no IMU.

The D435I is the variant that includes one.

Stereo gives metric depth directly and sidesteps monocular scale ambiguity.

Hello, everybody, and welcome to Visions.

Today, we are especially pleased to have the opportunity to speak with Matt Moschner, CEO of Cognix, about Cognix's acquisition of RealSense.

This, of course, is a very big deal in our industry, so we are excited to learn more.

Welcome to Visions, Matt, and thank you very much for joining us today.

Hi, Jim.

Happy to be here.

First, if you could just give us a quick overview of the deal, how it came about, what drove it, what you believe it will ultimately mean for Cognex RealSense and the machine vision industry in general.

Yeah, thanks, Jim.

You know, refocusing on, on building the right product for the right problems.

And I think that's, uh, a commendable approach because a lot of startups, they spend so much time hustling that the, the, the leadership has to take its eye off the ball of, are we getting out to market? Are we solving these problems? And I, I would say compare it to what we saw with maybe View Robotics spinning out or RealSense spinning out from Intel, that there is an opportunity to be a little more independent, uh, with an RAI spin-out, uh, but-- or rather changing hands going to SoftBank.

And SoftBank has made some pretty serious moves now in the robotics space in terms of looking at, okay, we're-- they're, they're supporting, they're buying up companies that have a real, uh, customer focus rather than what they did years ago, which was more trying out a lot of different new technologies.

Yeah.

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Qualcomm also introduced the Dragon Wing Q2390 and IQ2390 processors earlier in the month.

Cognex acquired RealSense for $500 million.

As part of IMTS 2026, CloudNC announced that it raised $20 million.

The company said it will use that to expand AI tools for precision machining.

I'm talking to the Cognex CEO on Friday morning, but this was a big one that happened.

Uh, Cognex is acquiring RealSense.

What, 14 months was it, Mike, after RealSense-

Yeah

... spun out of Intel, uh, as a standalone company? Here comes Cognex, a massive company.

I think it made a close to a billion dollars in revenue in 2025, uh, here to acquire RealSense, which is making 3D, uh, cameras and for robotic perception and navigation.

Uh, I think it's, what, $500 million deal.

So what, what's your take on this deal?

Like I mentioned with the six legged dog that's getting into, you know, AMRs and mobile robotics and.

dealing with LiDAR sensors and RealSense cameras.

But that gets a little bit beyond what I understand.

Well, it's actually a

Now machine vision consolidates.

Cognex has agreed to acquire RealSense for about five hundred million dollars in cash, moving the machine vision company squarely into robotic perception.

RealSense makes depth-sensing cameras and vision systems used in robotics and was spun out of Intel just fourteen months ago during a round of deep cuts at the chip maker.

It expects up to ninety million dollars in revenue this year.

Some coverage puts the full transaction value above six hundred million dollars once employee retention is counted.