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Mobileye buys Amnon Shashua's Mentee Robotics for $900m

Mobileye Global, a leading Israeli company in advanced driving assistance systems, has announced the acquisition of humanoid robotics firm Mentee Robotics for $900 million. The announcement was made by Mobileye's founder and chief executive, Amnon Shashua, during the CES electronics trade show in Las Vegas. Mentee Robotics, also founded by Shashua, has previously raised over $40 million and was valued at $162 million in its most recent funding round. The transaction, which includes both cash and shares, has received approval from Intel, Mobileye's controlling shareholder. Key beneficiaries of the deal include Shashua, cofounder Shai Shalev-Shwartz, chief executive Lior Wolf, and several venture capital funds.

Original article source: https://en.globes.co.il/en/article-mobileye-buys-amnon-shashuas-mentee-robotics-for-900m-1001531330
Source Id: 9031668202

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