Mobileye

Mobileye Global Inc. is a company developing autonomous driving technologies and advanced driver-assistance systems (ADAS) including cameras, computer chips and software. Mobileye was acquired by Intel in 2017 and went public again in 2022. Mobileye is based in Jerusalem, Israel, and also has sales and marketing offices in Midtown, Manhattan, US; Shanghai, China; Tokyo, Japan; and Düsseldorf, Germany. Mobileye was founded in 1999 by Hebrew University professor Amnon Shashua when he evolved his academic research into a vision system which could detect vehicles using a camera and software algorithms on a processor. Since its establishment, it has developed into a supplier of automotive safety technologies based on adding "intelligence" to inexpensive cameras for commercialization. Mobileye established its first research center in 2004, and launched the first generation EyeQ1 processor four years later, in 2008. The technology offered driver assistance including AEB (automatic emergency braking). One of the first vehicles to use this technology was the fifth-generation BMW 7 Series. Subsequent versions of the chip were released in 2010, 2014 and 2018. In 2013, Mobileye announced the sale of a 25% stake to Blue-chip investors for $400 million, valuing the company at approximately$1.5 billion. Mobileye went public on the New York Stock Exchange in 2014. It raised $890 million, and became the largest Israeli IPO in U.S. history. By the end of the year, Mobileye's technology was implemented in 160 car models made by 18 different OEMs. In 2017, Mobileye unveiled a mathematical model for safe self-driving cars based on a research paper by CEO Amnon Shashua and VP of Technology Shai Shalev-Shwartz. The paper outlines a system called Responsibility-Sensitive Safety (RSS) which redefines fault and caution and could potentially be used to inform insurance policies and driving laws. Shai Shalev-Shwartz was promoted to CTO in 2019. In March 2017, Intel announced that it would be acquiring Mobileye for$15.