Mobileye, N.V., a Dutch provider of camera-based advanced driver assistance systems (ADAS) technologies for the automotive industry, received a $400m investment at an equity valuation of $1.5 billion (on a pre-money basis).
Backers included some large US based global institutional asset managers and a Chinese government-affiliated financial investor. Goldman, Sachs & Co. and Morgan Stanley served as the placement agents for the financing.
The transaction is expected to close in August.
Led by co-founder and CEO Mr. Ziv Aviram, Mobileye develops Advanced Driver Assistance Systems, which range from timely alert against imminent collisions and road departure through active braking for accident prevention and mitigation and to an autonomous vehicle.
The company’s technology will be available through 19 automakers worldwide and is also offered as an aftermarket product.
Mobileye has a machine vision development center in Jerusalem, Israel, and offices in the United States, Cyprus, China, Germany and Japan.