Mobileye 2.51

Mobileye an Intel Company is an Israeli technology company that develops vision-based advanced driver-assistance systems (ADAS) providing warnings for collision prevention and mitigation. Mobileye N.V. headquarters and main R&D centre is located in Jerusalem operating under the company name Mobileye Vision Technology Ltd. The company has also sales and marketing offices in Jericho, New York; Shanghai, China; Tokyo, Japan and Düsseldorf, Germany.In March 2017, Intel announced that they had agreed to a US$15.3 billion takeover of Mobileye. The deal is expected to be the largest exit in Israel's high-tech industry to date.HistoryMobileye N.V. was founded in 1999 by Amnon Shashua (a researcher of the Hebrew University), when he evolved his academic research into a technical solution for a vision system which could detect vehicles using only a camera and software algorithms on a processor. After receiving a license to use the technology which was owned by Yissum it was possible to incorporate the company. Together with Ziv Aviram, he set up the company's R&D headquarters in Jerusalem, Israel.At first, the company developed algorithms, and a custom accelerator processor chip called the EyeQ chip. All of Mobileye’s proprietary image processing algorithms run on the EyeQ chip. After years of testing, the chip and software algorithms began to be sold as commercial products to original equipment manufacturer (OEM) customers. The company’s first clients were automotive manufacturers such as BMW, General Motors and Volvo. These companies electronics suppliers integrated Mobileye’s technologies into the companies' cars, at first as an optional accessory when buying a new car, and later as a standard option in new cars.