Saratoga, CA – 03-08-2019 (PRDistribution.com) — Gojoya, Inc., a startup company based in Silicon Valley, announced today that it has received an investment from Intel Capital, the strategic investment arm of the semiconductor giant Intel.
Built on technology developed by Professor Joseph Ford’s group at the University of California San Diego (UCSD), Gojoya is developing next generation imaging systems with built-in artificial intelligence (AI) for multiple markets including unmanned aerial vehicles (UAVs), robots, autonomous driving, and mobile phones. Gojoya has secured exclusive license rights from UCSD, according to Professor Ford, who is co-founder and CTO of Gojoya.
“We are excited with the investment from Intel Capital. This is the first strategic investment for Gojoya, and we are looking forward to working with Intel to bring Gojoya to the next stage,” said co-founder and CEO, Dr. Yan Sun. “We see Gojoya’s innovative imaging systems in commercial drones, 360-degree virtual reality, and many other applications.”
“Intel Labs collaborates with industry, government and academia to push the boundaries of computing and research. One example of this is our investment in Gojoya, which emerged from Intel and National Science Foundation joint grants to the UCSD visual computing research program,” commented Mike Witteman, Intel Labs Director of Strategy & Collaboration. “We are excited to see the company deliver products at the crossroads of AI, VR and visual computing.”
“UC San Diego is committed to supporting the commercialization of our research for the benefit of society. We are very glad to see the founding of Gojoya and the investment from Intel Capital,“ said David Gibbons, Assistant Director of UC San Diego’s Office of Innovation and Commercialization.
Gojoya will use the investment funds to hire engineering talent, develop product, and conduct business activities. The company was founded in 2018 and has been working on developing its imaging platform.
About Gojoya, Inc.
Gojoya, Inc., is positioned to be a leader in next generation intelligent imaging systems. Based in Silicon Valley, Gojoya develops and markets imaging products with disruptive architecture and built-in intelligence. Its products are expected to play a key role in a wide range of applications for the automated world. For more information, please visit www.gojoya.com
About Intel Capital
Intel Capital invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter and cloud, 5G, next-generation compute and a wide range of other disruptive technologies. Since 1991, Intel Capital has invested US$12.4 billion in 1,554 companies worldwide, and 670 portfolio companies have gone public or participated
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