A Bright Future for ADAS Supplier Mobileye

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3Q 2014 | IN-1019838

US$890 Million IPO and Surging Shares


Israel-based ADAS system supplier Mobileye’s IPO was met with great interest on the New York Stock Exchange. Its shares rose 58% from US$25 to a maximum of US$39.4, and its company valuation reached US$8.4 billion on August 1, 2014, during its first trading day. Shares closed at US$37, up 48%.

Mobileye was founded in 1999 and develops collision avoidance systems uniquely based on a cheaper, simpler, and more flexible technology compared with radar. Mobileye’s main asset is its image-processing software and algorithms that detect and identify vehicles, pedestrians, cyclists, and animals, and interpret lane markings and traffic signs. Its systems are monocular, which mean they use a single camera.

Mobileye hardware is based on the EyeQ Vision System-on-Chip (SoC) manufactured by STMicroelectronics on CMOS 0.18-micron technology, and it features 32-bit RISC ARM946E CPUs and four patented programmable ASIC cores, allowing real-time recogni...

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