The Israeli tech company Mobileye will introduce Global RoadBook, its road management data-generation technology, into newly developed BMW models entering the market in 2018. The technology will provide real-time info on traffic density, potential road hazards, weather conditions, on-street parking, and other data. “This agreement to crowdsource real-time data using vehicles...

• Kindle

Mobileye, an Israel-based company that developed an accident avoidance system for cars, is partnering with the automotive parts manufacturer Delphi to develop an autonomous driving system by 2019, The Wall Street Journal reported on Tuesday. Both Delphi, which spun off from General Motors, and Mobileye currently produce sensors and software that manufacturers use to build autonomous vehicle...

• Kindle

Several major automakers are teaming up with an Israeli assisted-driving developer to beat Google to releasing driverless cars, Forbes reported Wednesday. General Motors will be the first to integrate semiconductor chips from Mobileye that can map road condition in real-time into its vehicles, followed by Volkswagen and Renault-Nissan in 2018. The amount of data provided...

• Kindle

Israel’s technology sector has greatly matured in the past few years and is now second only to Silicon Valley when it comes to diversity of initiatives, Eric Schmidt, executive chairman of Google’s parent company Alphabet, said while visiting Google’s research and development center in Tel Aviv on Tuesday. “I’m amazed to see how...

• Kindle

Despite all the talk about how Israeli companies are great at exits but not at scaling up into large corporate entities, the Tel Aviv-based general manager of Microsoft Ventures Global Accelerators declared that impact matters more than size. “Much has been written about Israel moving from a startup nation to...

• Kindle

The 29th day of Operation Protective Edge is over. The Tower today reported on the initial hours of the latest 72 hour ceasefire. One of a last minute barrage of rockets fired towards Israel from Gaza hit a house in the Palestinian town of Beth Sahour. Israel withdrew its remaining ground...

• Kindle

When TV’s talking heads ask serial entrepreneur and investment guru Jon Medved whether the current conflict with Hamas is harming Israel’s high-tech sector, he points out some surprising facts: Investors poured $920 million into Israeli startups in the second quarter of 2014. Mobileye, ReWalk Robotics, MapiPharma and three other Israeli...

• Kindle

The Times of Israel reported yesterday that last week’s initial public offering on the New York Stock Exchange of Mobileye, an Israeli startup that makes automobile accident avoidance systems, raised $890 million, a record for an Israeli company in the United States. The previous record is held by Partner Communications...

• Kindle