Israeli Company Leading the Way in Advanced Driver Assisted Systems

May 14, 2012, category: Automotive,Events,Hi-Tech

Mobileye is a Jerusalem based company that is working make driving safer.  The company develops technologies for image-processing, used in cars to help with vehicle safety.  The technology essentially acts to assist a driver, by alerting and helping to avoid dangerous driving situations.

The company was founded in 1998, and while it is still seeking its first profits it has raised over $150 million, and is backed by companies like Goldman Sachs and Motorola.  GM, BMW, and Volvo are partnering with the technology, using it in their cars, and other major automakers are currently signing new contracts.  The company has been recently valued at nearly $1 billion.  Read more from ynet.com.

In June, the Government of Israel Economic Mission, together with the Michigan-Israel Business Bridge, are hosting an event in Detroit showcasing the Israel Auto Industry.  For more information visit our event page, or contact Ari Rokni.