Mobileye

Mobileye N.V.
Public
Traded as NYSE: MBLY
Industry Automotive
Founded 1999 (1999)
Jerusalem, Israel
Founder Ziv Aviram
Amnon Shashua
Headquarters Jerusalem, Israel
Key people
 Ziv Aviram,
(President)
Amnon Shashua
(Chairman and CTO)
Revenue USD 240.87 million (2015)
USD 77.74 million (2015)
USD 68.45 million (2015)
Total assets USD 577.61 million (2015)
Total equity USD 515.47 million (2015)
Number of employees
 543 (2015)
Website mobileye.com

Mobileye (NYSE: MBLY) 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, Israel operating under the company name Mobileye Vision Technology Ltd.[1] The company has also sales and marketing offices in Jericho, New York; Shanghai, China; Tokyo, Japan and Düsseldorf, Germany.[2]

A MobileEye EyeQ2 chip used in a Hyundai Lane Guidance camera module.

History

Mobileye 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.[3] 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 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, whose electronics suppliers integrated Mobileye’s technologies into these companies' cars, at first as an optional accessory when buying a new car, and later as a standard fit in new cars.[4]

In 2006 Mobileye set up an Aftermarket department, which sells finished products manufactured by Mobileye at their Philippines factory, IMI. The Aftermarket products are sold to an international network of distributors on all continents who sell the products to fleets of trucks and buses, to car dealerships, and to car accessory shops.[5]

In August 2015 Tesla Motors announced that it is using Mobileye's technology to enable its self-drive solution, which would be incorporated into Model S cars from August 2015.[6] After the first deadly crash of a self-driving Model S with active Autopilot became public in June 2016, Mobileye issued a statement that its technology won't be able to recognize a crossing trailer (which was the cause of the accident) until 2018.[7] In July 2016, Mobileye announced the end of its partnership with Tesla after the EyeQ3.[8][9]

Company timeline

Technologies

The firm's technology is based on the use of optical vision systems with motion detection algorithms, unlike many other systems which use a combination of visual detection, radar, and laser scanning. The firm's vehicle detection algorithms recognize motorised vehicles such as cars, motorcycles and trucks, in day and night time conditions. The firm's version performs its vehicle detection based functions using a single camera mounted in the rear view mirror, unlike the usual approach of using radars, laser scanners or in some cases stereo-cameras.[24]

In 2011 the firm introduced the world's first OEM production of vision-only forward collision warning system (NHTSA compliant) on multiple BMW, GM and Opel vehicles.

Lane departure warning systems are in-vehicle electronic systems that monitor the position of a vehicle within a roadway lane and warn a driver if the vehicle deviates or is about to deviate outside the lane. Mobileye's version was launched in multiple production platforms through 2007 and 2008 with GM, BMW and Volvo.

The firm's pedestrian detection technology is based on the use of mono cameras only, using pattern recognition and classifiers with image processing and optic flow analysis. Both static and moving pedestrians can be detected to a range of around 30m using VGA resolution imagers. The firm announced in 2008 that by mid-2010 they would launch a world's first application of full emergency braking for collision mitigation for pedestrians Mobileye announced in May 2009 as part of the next generation Volvo radar-vision fusion system which also provides lane departure warning and vehicle detection with radar-vision fusion for an enhanced collision mitigation by braking system on the next Volvo S60 vehicle.[25]

Since 2008, BMW 7-Series cars are equipped with the Mobileye traffic sign recognition systems, developed in cooperation with automotive supplier Continental AG.[26]

Adaptive highbeam systems automatically raises and lowering the high beams without inconveniencing oncoming or preceding traffic. The firm's version, Intelligent Headlight Control, is in production on the BMW 7 series.[27]

In 2011, the firm introduced multi-functional bundles including vision based FCW on the Opel Zafira and Opel Insignia.

In 2016, Mobileye announced a deal to work with Renault Nissan on digital maps that will help the automaker’s move towards driverless cars.[28]

Aftermarket

Since 2007 the firm has offered a range of aftermarket vision based ADAS systems, based on the same core technology as for production models. They currently offer lane departure warning, forward collision warning, headway monitoring and warning, low speed urban collision warning, intelligent headlamp control, speed limit indication (tsr) and pedestrian collision warning (including bicycles). These systems have also been integrated with fleet management systems.[29]

Investments

Between 2007 and 2011 the company raised $160 million. In 2013 the company sold 25% of its private shares for $400 million to a group of blue-chip investors.[30][31][32]

Awards

Competition

Mobileye faces competition from Tier 1 automotive suppliers as well as from other technology companies, including potentially Google.[39] There is also an increasing competition on the after-market space from radar-based systems manufacturers, such as Safe Drive Systems and others.[40] Other competitors developing ADAS technology include Continental AG,[41][42] Bosch,[43][44] NVIDIA,[45] OmniVision Technologies,[46] Freescale,[47] Texas Instruments,[48][49] Toshiba,[50][51] Renesas Electronics Corp., Denso,[52] Green Hills Software,[53] Intel,[54][55] Qualcomm,[56][57] and TomTom.[58]

See also

References

  1. ↑ "MOBILEYE VISION TECHNOLOGIES LTD | Israel Company Reports - Search Israeli Companies". www.israelbizreg.com. Retrieved 2016-10-06.
  2. ↑ http://www.mobileye.com/contact-us/worldwide-offices/
  3. ↑ Amnon Shashua : Executive Profile - Bloomberg
  4. ↑ What drives Israel’s serial entrepreneurs? - Israel21.org
  5. ↑ NYC taxis to be a little safer, thanks to Mobileye: Israeli road safety alert system is being installed in New York cabs to help their operators drive more safely, David Shamah , Times of Israel 15 June 2015
  6. ↑ Mobileye’s Tech Powers Tesla Model NoCamels News 23 August 2015
  7. ↑ Tesla and Mobileye disagree on lack of emergency braking in deadly Autopilot crash, on The Verge, July 1, 2016
  8. ↑ Bhuiyan, Johana (26 July 2016). "In the wake of a fatal crash, Tesla will quit using Mobileye's chips for Autopilot vision". ReCode. Retrieved 26 July 2016.
  9. ↑ Korosec, Kristen (26 July 2016). "Mobileye Is Ending Its Relationship With Tesla on Future Self-Driving Car Tech". Fortune. Retrieved 26 July 2016.
  10. ↑ "Mobileye's LinkedIn Profile". Linkedin.com. Retrieved 2011-11-13.
  11. ↑ View ST Microelectronics Press Release Archived September 22, 2007, at the Wayback Machine.
  12. ↑ View Magna Press Release
  13. ↑ Gabay, Eran (2008-04-02). "Goldman Sachs investing $100m in startup Mobileye". Haaretz.com. Retrieved 2011-11-13.
  14. ↑ "View PRNewswire Press Release". Newswiretoday.com. 2008-01-15. Retrieved 2011-11-13.
  15. ↑ View VDO News Release
  16. ↑ View Volvo's Press Release
  17. ↑ "View News Wire Today". Newswiretoday.com. 2008-03-24. Retrieved 2011-11-13.
  18. ↑ "View High Beam News Article". Highbeam.com. Retrieved 2011-11-13.
  19. ↑ View STMicroelectronics Press Release Archived October 23, 2008, at the Wayback Machine.
  20. ↑ See Press Release
  21. ↑ Mobileye raises $37 million US Dollars
  22. ↑ http://www.mobileye.com/en/press-room/press-releases
  23. ↑ Coppola, Gabrielle (2014-07-31). "Mobileye Raises $890 Million as Largest Israeli IPO in the U.S". Bloomberg.
  24. ↑ Safety upgrades for your car
  25. ↑ Administrator, Cars (2009-10-14). "Cars.co.za: Volvo Cars tests new, unique safety technology in Copenhagen - in a disguised S60 prototype". Carszainfo.blogspot.com. Retrieved 2011-11-13.
  26. ↑ View Motortrend News Article
  27. ↑ BMW 7-series Headlights System
  28. ↑ Reed, John; Ahmed, Murad (2016-02-24). "Mobileye takes fight to Google in autonomous cars". Financial Times. ISSN 0307-1766. Retrieved 2016-02-24.
  29. ↑ "InstallerNet to handle installation of Mobileye systems". Fleet Owner. Fleet Owner. Apr 14, 2010. Retrieved 2015-01-26.
  30. ↑ http://www.haaretz.com/business/.premium-1.591207
  31. ↑ http://www.haaretz.com/business/.premium-1.534607
  32. ↑ http://www.wsj.de/article/SB10001424052702304547704579567401946285692.html
  33. ↑ http://www.fleeteurope.com/news/international-fleet-industry-award-2013-mobileye-awarded-again
  34. ↑ http://www.fleeteurope.com/mobileye_wins_the_international_fleet_industry_award_2011_51708-en-146-181920.html
  35. ↑ Fleet Safety Forum Award Winners Archived December 20, 2009, at the Wayback Machine.
  36. ↑ "2008 Winner's List". Electronicdesign.com. 2008-12-04. Retrieved 2011-11-13.
  37. ↑ "Frost & Sullivan Press Release". Frost.com. 2006-12-14. Retrieved 2011-11-13.
  38. ↑ "View Press Release". Allbusiness.com. 2004-12-09. Retrieved 2011-11-13.
  39. ↑ http://www.sec.gov/Archives/edgar/data/1607310/000157104914003550/t1401453-424b4.htm
  40. ↑ http://www.fenderbender.com/FenderBender/March-2014/Safe-Drive-Systems-Launches-Anti-Collision-Technology-in-US/
  41. ↑ http://www.conti-online.com/www/automotive_de_en/themes/passenger_cars/chassis_safety/adas/
  42. ↑ http://www.conti-online.com/www/automotive_de_en/themes/commercial_vehicles/chassis_safety/adas/
  43. ↑ http://www.bosch-mobility-solutions.com/en/de/driving_safety/driving_safety_systems_for_passenger_cars_1/driver_assistance_systems/driver_assistance_systems_2.html
  44. ↑ http://www.bosch-mobility-solutions.com/en/de/driving_comfort/driving_comfort_systems_for_passenger_cars_1/driver_assistance_systems_4/driver_assistance_systems_5.html
  45. ↑ http://www.nvidia.com/object/advanced-driver-assistance-systems.html
  46. ↑ http://www.ovt.com/applications/application.php?id=7
  47. ↑ http://www.freescale.com/webapp/sps/site/overview.jsp?code=ADAS&tid=vanADAS
  48. ↑ http://www.ti.com/lsds/ti/apps/automotive/adas/overview.page
  49. ↑ http://am.renesas.com/applications/automotive/adas/index.jsp
  50. ↑ http://asia.nikkei.com/Business/Companies/Toshiba-to-supply-chips-for-driver-assist-systems
  51. ↑ http://www.toshiba.com/taec/Catalog/Line.do?familyid=28&lineid=2006887
  52. ↑ http://www.globaldenso.com/en/products/oem/driving-assist-system/
  53. ↑ http://www.ghs.com/products/auto_adas.html
  54. ↑ King, Ian (2014-07-01). "Intel Chases Sales on Silicon Road to Driverless Cars". Bloomberg.
  55. ↑ http://www.intel.com/content/www/us/en/automotive/driving-safety-advanced-driver-assistance-systems-self-driving-technology-paper.html
  56. ↑ http://www.eetindia.co.in/ART_8800693887_1800001_NT_94051dac.HTM
  57. ↑ https://www.qualcomm.com/products/automotive
  58. ↑ http://corporate.tomtom.com/releasedetail.cfm?ReleaseID=873327
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