Driver assistant technology uses "third" eye to reduce accidents.
By JERUSALEM POST STAFFUpdated: MARCH 11, 2016 08:35Mobileye Logo(photo credit: Wikimedia Commons)
The Jerusalem Post on Thursday announced that it will award Israeli driver assistant technology company Mobileye with its 2016 innovation prize, to be presented at the Jerusalem Post Annual Conference in New York on May 22.Mobileye was founded in 1999 by CEO Ziv Aviram and Prof. Amnon Shashua, and went public on the New York Stock Exchange in 2014. It became the largest ever public offering by an Israeli company in the US.The company develops visualization systems based on artificial intelligence and data analysis, and is developing tools for autonomous driving.Its technology improves driver safety, reducing the number of accidents and saving lives through the use of a “third eye,” which not only detects traffic conditions but can also read traffic lights and signs.The company is working with major car manufacturers including Volkswagen, BMW, Ford, GM, Nissan, Volvo, Audi and Hyundai, and its technology has been integrated into 10 million vehicles worldwide.Mobileye will receive the prize in the presence of ministers, MKs, heads of major Jewish organizations and Israeli economic leaders at the Post’s annual conference.