"Mobileye made its name, and money, by supplying automakers with millions of computer vision chips designed to support automotive safety features and later advanced driver assistance systems. The Intel subsidiary and publicly traded company later expanded to tackle autonomous driving through its chips and software. Now, co-founder and president Amnon Shashua is taking the company into what he calls Mobileye 3.0."
"The Israeli company announced Tuesday during CES in Las Vegas it has reached a deal to acquire Mentee Robotics - a startup co-founded by Shashua in 2022 - for $900 million. Under the agreement, Mobileye will buy Mentee Robotics for about $612 million in cash and up to 26.2 million shares of common stock. Shashua, who is the chairman, co-Founder and a significant shareholder of Mentee, recused himself from the Mobileye board's consideration and approval, according to the company."
Mobileye built its business supplying automakers with computer vision chips for safety features, advanced driver assistance systems, and later autonomous driving. Mobileye agreed to acquire Mentee Robotics, a humanoid-robotics startup co-founded by Amnon Shashua in 2022, for $900 million, comprising about $612 million cash and up to 26.2 million shares. Shashua recused himself from Mobileye board consideration. The deal received approval from the Mobileye board and Intel and is expected to close in the first quarter. The acquisition will modestly increase Mobileye's 2026 operating expenses by a low-single-digit percentage. Mentee will operate as an independent unit to advance humanoid-robotics integration with automotive AI under Mobileye 3.0.
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