One Camera That Watches the Road

Priced October 27, 2022

Mobileye went public twice. The first time was on the New York Stock Exchange in 2014. Three years later Intel bought it for $15.3 billion. In October 2022 Intel sold a slice back to the public on Nasdaq, while keeping control. By then Mobileye's camera chips were in millions of cars, warning drivers when they drifted from a lane or closed too fast on the car ahead.

A Professor's Camera Bet

Amnon Shashua, a computer vision professor at the Hebrew University of Jerusalem, founded Mobileye in 1999 with Ziv Aviram and Norio Ichihashi. The bet was that one cheap camera and smart software could do the job of costly radar. Mobileye sold its EyeQ chips to carmakers' suppliers. Each new generation took on more of the driving, from lane warnings toward hands-free systems.

Intel's Partial Exit

Mobileye priced at $21 a share on October 25, 2022, and raised about $861 million. Intel kept all the Class B shares and nearly all the voting power. The stock rose 38 percent on its first day. In January 2026 Mobileye agreed to buy Mentee Robotics, a humanoid robot startup, for about $900 million. It still trades on Nasdaq under MBLY.

Cover: Omega's Eyes, Edvard Munch. Art Institute of Chicago, public domain. Chosen for eyes (machine vision).