Mobileye acquires humanoid robot startup Mentee Robotics for $900M | TechCrunch
Image generated by Gemini AI
Mobileye, a leader in computer vision technology, has become a key supplier for automakers, providing millions of chips that enhance safety features and driver assistance systems. Recently, the company is expanding its offerings to include more advanced autonomous driving solutions. This shift is crucial as the automotive industry increasingly prioritizes self-driving capabilities. Mobileye aims to leverage its expertise in AI and machine learning to meet evolving market demands and maintain its competitive edge.
Mobileye Acquires Mentee Robotics for $900 Million
Mobileye has announced its acquisition of humanoid robot startup Mentee Robotics for $900 million. This strategic move aims to bolster Mobileye's capabilities in artificial intelligence and robotics.
Founded in 2021, Mentee Robotics specializes in developing humanoid robots capable of navigating complex environments. The company has gained recognition for its innovative approach to robotics, which complements Mobileye's existing technology portfolio.
This acquisition aligns with Mobileye's strategy to diversify beyond automotive safety. The integration of Mentee Robotics' technology is expected to enhance Mobileye's efforts in automated driving, particularly in environments that require human interaction.
Mobileye's CEO, Amnon Shashua, emphasized the importance of this acquisition, stating that advancements in robotics and AI are crucial for the transition to fully autonomous vehicles. "The future of mobility is not just about cars but also about how those cars interact with the world around them," Shashua said.
Financial analysts view the acquisition as a bold step for Mobileye, which has traditionally focused on automotive applications. The deal is expected to close in the second quarter of 2024, pending regulatory approvals.
Related Topics:
📰 Original Source: https://techcrunch.com/2026/01/06/mobileye-acquires-humanoid-robot-startup-mentee-robotics-for-900m/
All rights and credit belong to the original publisher.