by Angela Guess

According to a recent press release, “Tessera Holding Corporation today announced that its wholly owned subsidiary, FotoNation Limited, and VeriSilicon Holdings Co., Ltd., have entered into an agreement to jointly develop a next generation image processing platform that offers best-in-class programmability, power, performance and area for computer vision (CV), computational imaging (CI) and deep learning. The market-ready IP platform, named IPU 2.0, will be available for customer license and design in the first quarter of 2017. IPU 2.0 offers a unified programing environment and pre-integrated imaging features for a wide range of applications across surveillance, automotive, mobile, IoT and more.”

The release goes on, “FotoNation’s hybrid imaging approach tightly coupled with VeriSilicon’s parallel computation capabilities makes IPU 2.0 the ideal platform to deliver industry proven computer vision, computational imaging and deep learning solutions to the market. IPU 2.0 offers differentiation via open initiatives such as: OpenVX, OpenCL, OpenCV, Caffe and TensorFlow, facilitating seamless, concurrent processing between computer vision, computational imaging and deep neural networking features. The joint technology and IP development agreement combines unique technologies from both companies and brings to market an imaging platform preloaded with a wide range of industry proven real-time parallel-execution imaging features.”

It continues, “According to a recent report by the market intelligence firm, Tractica, the computer vision hardware and software market is estimated to grow from $6.6 billion in 2015 to $48.6 billion by the year 2022.1 Tractica credits automotive, sports and entertainment, consumer, robotics and machine vision, security and surveillance, agriculture, retail and medical markets for growing market demand for high performance, fast and low-power embedded vision solutions.”

Read more at Business Wire.

Photo credit: Tessera