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Robots - Thursday, May 11, 2006

Driving Assistant Tech Gets More Funding To Give Bad Drivers a Clue

Israel’s Mobileye, which makes an automated on-board driver assistant, has raised $15M of a planned $30M round. MobilEye has raised $50M to date.

The first application is for calculating the speed and distance of a vehicle in front of a car, and alerting the driver when other vehicles are too close. Using an algorithm that analyzes a road’s curvatures, the processor can warn against deviating from a lane.

MobilEye could be used by insurance companies because it takes a continuous image of a journey, and can provide a clear picture of events in the ten seconds preceding a possible accident.

mobileye screen grab.png
MobileEye with the display unit on the vehicle dashboard and the image-processing unit above the rear-view mirror

Read - Driving assistance technology co MobilEye raises $15m (Globes Online)

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