Technology firm Movidius has confirmed that they are to create 100 jobs in Dublin. The Irish company are known for making software and hardware to enable devices to have human level vision capabilities.
The companies plans to expand come after they raised $40m (€37.5m) in funding from numerous of private backers. It is thought that fundraising for the will be one of the largest venture capital investments ever in Ireland for a technology company.
Movidius plan create the new jobs over the next two to three years and are said to be recruiting software engineers to fill the specific roles. It is understood that Movidius has created a chip and accompanying vision sensing software for devices like virtual reality headsets, drones, home automation products and wearables.
The company say they fully intend to capitalise on the growing ‘Internet of Things’ market, which is currently seeing an sharp increase in the number of connected machines that can communicate with one another.
The company currently has offices in Ireland, Romania and the US.