“Mobileye is a world leader in the development of Advanced Driver Assistance Systems.
The company’s unique vision-based platform, driven by its proprietary chipset and algorithms, works as a third eye to mitigate and avoid the risk of collision. Mobileye’s solutions range from timely alerts against imminent collisions and road departure, through active braking for accident prevention and mitigation, to autonomous vehicles.
Mobileye’s technology is available through most automakers worldwide and is also offered as an aftermarket product. Its products are already installed by large fleet companies around the world and are recommended and offered by many insurance companies.”
According to The Wall Street Journal, the company has plans for an IPO on the Nasdaq Stock Market this year, and could raise up to $1 billion.