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CNET: In tiny Israel, startups reach for global success

Published on Sep 15 2015 // Business and Financial News, Economy, Market

September 15, 2015 5:00 AM PDT – TEL AVIV and JERUSALEM — While banking a white Audi on Route 443 outside Jerusalem, Shalom Mines nonchalantly let go of the steering wheel and took his foot off the gas.

In an instant, a camera-and-software system made by Mobileye, a Jerusalem company developing autonomous-car technology, took over and navigated the vehicle through a curve.

“I’m not doing anything,” Mines, a Mobileye test driver, said while he craned his head toward the rear of the car to show it was no trick. “One day I will just sit in the backseat.”

Mobileye’s journey reached a milestone last year when the 16-year-old company listed on the New York Stock Exchange, raising $1 billion in the largest initial public offering ever for an Israeli tech firm. The company, now at the forefront of crash-avoidance systems and the white-hot market of self-driving tech, immediately became a poster child for the higher ambitions of Israeli tech….Read More>>

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