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.
[via Haaretz]
I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups.
I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
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