Amnon Shashua, founder and the CEO of Mobileye, one the leading companies in a wave of new suppliers focused on self-driving vehicle technology, will be honored in July with the Automotive Hall of Fame’s 2022 Mobility Innovator Award.
He will be recognized during the 2022 Automotive Hall of Fame Inductees and Awards Ceremony for his work in on developing systems-on-chips and computer vision algorithms for driving assistance systems.
Founded by Shashura in 1999, Mobileye went public in 2014, in the largest IPO ever for an Israeli company. Mobileye was acquired by Intel in 2017 for an estimated $15.3 billion. Shashua joined Intel as Senior Vice President after its 2017 acquisition of Mobileye.
Developing critical technology
Throughout the years, led by Shashua’s technology and product strategy, Mobileye created a portfolio of advanced driver assistance systems (ADAS) and autonomous solutions.
As the demand for driver assistance systems and interested in automated vehicles has steadily expanded, Mobileye has now grown into a company with revenues of more than $1.4 billion in 2021.
Shipments of Mobileye’s EyeQ unit to global automakers have increased tenfold between 2014 and 2021 from 2.7 million to more than 28 million as advanced driver assistance features have become more common on vehicles.
Total shipments of its EyeQ unit, which can act as the eyes of a vehicle and its driver, now number more than 100 million, according to the company, which last year won 41 design contracts from 30 different manufacturers. The potential volume involved in the contract total more than 50 million units.
Mobileye growth fueled by technical revolution
“The automotive industry is experiencing revolutionary change driven by innovators who are shaping the future of mobility. The Mobility Innovator Award celebrates individuals and their impact,” said Sarah Cook, president of the Automotive Hall of Fame.
“We are thrilled to recognize Amnon Shashua for his industry-leading contributions to advanced driving assist systems and other autonomous driving solutions,” he said.
In addition to Mobileye, the focus on artificial intelligence remains a recurring theme in Shashua’s other ventures such as OrCam, whose MyEye device assists people who are visually impaired or blind, and AI21 Labs, which helps AI systems process language as a human mind would, and most recently, Mentee Robotics, which aims to build humanoid robots.
Beyond his AI-based companies, Shashua has announced a new initiative, a digital bank in Israel, which was approved by the Bank of Israel in September 2019, the country’s first new bank in 40 years.
A 2020 Dan David Prize laureate in the field of artificial intelligence, Shashua is also a professor of computer science at the Hebrew University in Jerusalem. He has published more than 160 scientific papers, holds more than 90 patents and continues to be an active academic researcher in the field of computer vision and machine learning.
“I am honored to have been selected for this recognition. It’s a validation of our vision that artificial intelligence and computer vision had a key role to play in making driving safer,” said Shashua.
“Today we are on the verge of transforming personal transportation, using Mobileye technologies like autonomous systems on a chip and crowdsourced maps to deliver AVs and ADAS that will further improve safety, efficiency and access for all.”