MembersThe Story Behind Mobileye

Three years ago, Mobileye became the most valuable Israeli stock ever on the US stock market. Now, the Israeli startup has set a new record: being acquired for over $15 billion by Intel.

By David Lazarus |
Photo: Hebrew University

The Jerusalem-based company was founded in 1999 by Prof. Amnon Shashua, a researcher at the Hebrew University, and entrepreneur Ziv Aviram. The pair developed a groundbreaking technology for automatic automobile systems related to pedestrian detection, collision warning signals and a variety of other car safety functions. Mobileye soon became the market leader in automated anti-collision technologies, which are now being installed in many new car models. General Motors and Volvo have incorporated Mobileye systems as standard equipment in their entire fleets of new cars. After the giant chip-maker Intel purchased the Israeli startup this year for a whopping $15.3 billion, the two companies began cooperation with BMW and Volkswagen to develop driverless cars by 2021.

 

According to a recent report by research firm Berg, major car manufactures are gearing up to put more than 70 million self-driven cars on the road by 2030. That is a major challenge for developers who need to convince the average consumer that autonomous travel is safe and reliable. With years of experience in the field under their belt, Mobileye...

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