Q&A — Autonomous Driving Company Mobileye files for secret IPO KellyOnTech

Q&A — Autonomous Driving Company Mobileye files for secret IPO KellyOnTech | Mans International

What technical advantages does Mobileye have?

One of the major difficulties of autonomous driving is providing accurate machine-readable maps. If you are interested, you can view it in the video list.

Image source: Mobileye, Mobileye’s REM (Road Experience Management) system

Is Mobileye worth this valuation?

Mobileye had sales of $358 million in 2016 and shipped 100 million computer vision processor chips, EyeQ, in 2021, meaning 100 million cars worldwide use Mobileye’s technology. Mobileye’s 2021 revenue reached $1.4 billion, according to estimates from research firm Morning Stars.

Image source: Mobileye
Image source: Mobileye
Image source: Morning Star, Global autonomous driving rankings 2019
Image source: Morning Star, Global autonomous driving rankings 2019
Image source: Morning Star, Global autonomous driving rankings 2020
Image source: Morning Star, Global autonomous driving rankings 2020

What’s new with Mobileye?

Mobileye has partnered with automakers such as BMW, Nissan and Volkswagen to collect data from the cars they sell. Now Mobileye receives more than 25 million kilometres of dynamic map data every day. Mobileye has used all of this information to create an accurate, high-definition map database, which it named the Mobileye Roadbook.

Image source: Zeekr
Image source: Zeekr

What are Mobileye’s considerations for filing a confidential IPO?

The Confidential IPO Filing dates back to President Obama’s 2012 JOBS Act, which allowed companies with less than $1 billion in annual revenue to file S-1 IPO documents in secret. In June 2017, the $1 billion cap was removed, allowing all companies to take advantage of secret IPO filings when attempting to go public, which has been a very popular option for recent years.

What other self-driving company has used a confidential IPO filing?

This brings us to Rivian, an autonomous driving company that went public on the NASDAQ last November 10, 2021. Rivian was founded in 2009 and headquartered in Plymouth, Minnesota. It has been hailed as the most well-funded autonomous driving startup in U.S. history, raising a total of $10.7 billion in 10 funding rounds from well-known companies such as Ford Motor and Amazon.

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