Connect with us

Hi, what are you looking for?

Jewish Business News


Intel invests $20 million in Israeli artificial vision Start up OrCam

OrCam’s product for the visually impaired resembles Google Glasses.


Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Intel Capital is investing $15-20 million in OrCam Technologies Ltd. The company develops a range of visual improvement products for the visually impaired including a system enabling them to read content and interpret the world around them. The system is so far only able to read English texts such as menus and newspapers.

OrCam’s product resembles Google Glasses and comprises a camera connected to a small mobile computer that can be placed in the user’s pocket. The company’s site says the glasses cost $2, 500.

Based in Jerusalem, OrCam was founded in 2010 by Prof. Amnon Shashua, best known as founder and CTO of collision avoidance technology company Mobileye.

See More Stories Here:

Intel’s focus on visual identification is not only reflected in acquisitions and investments. Intel Israel president Mooly Eden is responsible at Intel for perceptual computing and is developing technologies around the human-machine interface and gesture recognition. In the past two years, Intel acquired Israeli companies Invision Biometrics, which developed a processor that can recognize human movement, interpret it and adapt it to digital space, and Omek Interactive, which developed gesture recognition and tracking technology software.

Published by Globes [online], Israel business news –



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.