Timed for Jerusalem Day, Mobileye – Israel’s Jerusalem-based developer of advanced vision and driver assistance systems revealed the plans of its new campus, housing 4,000 employees. Eight buildings plus a 25-floor tower spread over 50,000 square meters in the Har … Continue reading →

Immediately after my last newsletter, Intel bought Israeli vehicle safety and automation systems company Mobileye for just over $15 billion, which makes it the biggest ever exit in the history of Israel’s high-tech industry. The company’s HQ will remain in … Continue reading →

Further to previous (Jan 2016) reports, Volkswagen and Mobileye now plan to implement a new navigation standard for autonomous driving starting in 2018. Future Volkswagen models will use the camera-based map and localization technology Road Experience Management™ from Mobileye. https://www.volkswagen-media-services.com/en/detailpage/-/detail/Swarm-data-paves-way-for-autonomous-driving-Volkswagen-and-Mobileye-sign-agreement/view/4560918

MIT Technology Review ranks Israel’s Mobileye sixth on a list of the world’s 50 “smartest” companies.  Mobileye is working on autopilot and collision avoidance technology for Audi, BMW, General Motors, Nissan, Tesla, Volkswagen, and Volvo. http://www.israelhayom.com/site/newsletter_article.php?id=34521

Since Israel’s MobilEye launched on NASDAQ, its price has soared.  At the time of writing, the price is $54, valuing it at $11 billion, but Morgan Stanley has a target price of $100. http://www.wkrb13.com/markets/369911/mobileye-nv-price-target-raised-to-52-00-at-rbc-capital-mbly/

In the most successful Initial Public Offering in Israeli history, driving assistance technology company Mobileye raised $1.023 billion on the New York Stock Exchange. Then on the first day of trading, MobilEye’s share price rose 48%, valuing the Israeli company … Continue reading →

Israeli collision avoidance solutions developer Mobileye is looking to raise $150 million in funding from its US public listing. Mobileye has developed a camera-based system mounted in vehicles that reads the road ahead and is designed to help drivers avoid … Continue reading →

The five top Israeli tech companies all rose in value during 2023. Mobileye (up 35%), Check Point (+18%), Nice Systems (+7%), monday.com (+88%), and CyberArk (+88%) now have a total value of $83.5 billion. https://www.calcalistech.com/ctechnews/article/byiyd700dt