Mobileye to acquire Israeli startup Mentee for $900 million

Mobileye, a company specializing in self-driving car systems, has announced its acquisition of Israeli startup Mentee, a humanoid robot manufacturer, for $900 million. The deal marks a significant investment in the robotics sector by Mobileye, which is primarily known for its advancements in autonomous vehicle technology.

This acquisition is part of Mobileye"s strategy to expand its portfolio and capabilities in the growing field of robotics. Mentee"s expertise in humanoid robotics is expected to complement Mobileye"s existing technologies.

Details regarding the timeline for the acquisition and future plans for Mentee have not been disclosed. This move reflects the increasing convergence of artificial intelligence and robotics within the technology industry.

For related coverage, see recent developments regarding technology and its impact on society.

Image for Mobileye to acquire Israeli startup Mentee for $900 million