Mobileye, a Top100 Innovator according to Red Herring magazine, develops vision systems to prevent imminent accidents by providing drivers with tools such as distance keeping between vehicles, dynamic cruise control and timely warnings in dangerous situations.
Mobileye’s main product is its EyeQ vision system chip. The chip monitors the location of other vehicles on the road so that the driver can avoid accidents if other drivers swerve from their lanes or get too close.
GS made the investment based on a $600M valuation. Mobileye has raised about $65 million so far, and its revenues are estimated at $10 million a year. Mobileye was co-founded by Professor Amnon Shashua (Chairman), expert in 3D vision and pattern recognition, and CEO Ziv Aviram. Founded in 1999, the company has a head count of approximately 185 and has its R&D based in Jerusalem as well as sales and marketing offices in the US Cyprus and Japan.
Subscribe to VC Cafe via email
- RT @mattcutts: An in-depth video today: "Can I buy a domain that used to have spam on it and still rank?" goo.gl/y99Yt | 8 hours ago
- @leancamp @hmitsch @UCLAdvances we'd love to have you back at #campuslondon! please apply through campuslondon.com/events | 9 hours ago
- The Irish Tech Startup Guide by @frontline cc/ @paddycosgrave slideshare.net/FrontlineVC/th… | 11 hours ago
- What do you think of the new #campuslondon website? campuslondon.com | 11 hours ago
VC Cafe Categories