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Mobileye founder's vision for other company

Monday, April 03, 2017 - 01:41

Fresh off the $15 billion sale of his autonomous vehicle technology firm Mobileye to Intel, Amnon Shashua's next start-up, OrCam, uses similar computer vision technology to help the visually impaired. Laura Frykberg reports

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With a little help from technology.. A simple touch could aid the visually impaired in the future. A camera mounted on glasses, which communicates with the user. (SOUNDBITE) (English) YONATAN WEXLER, EXECUTIVE VICE PRESIDENT OF RESEARCH AND DEVELOPMENT AT ORCAM SAYING: "Everything happens here. It's like a tiny box that tells you what it sees." The system is created by OrCam - a start-up by Amnon Shashua. The inventor entrepreneur, famed for selling his autonomous vehicle technology firm, Mobileye... For fifteen billion dollars to Intel. (SOUNDBITE) (English) CO-FOUNDER AND CHAIRMAN OF ORCAM AND FOUNDER OF MOBILEYE, AMNON SHASHUA, SAYING: "At Mobileye we're looking for vehicles and pedestrians and traffic signs and traffic lights and understanding the roadway. In Orcam, we are trying to understand text, barcodes, faces, situations, to help people with visual disabilities. The customer functions are completely different but the commonality is computer vision for the benefit of society". Shashua sees OrCam as destined for the same path as Mobileye. The company is already valued $600 million. And finished a $41 million investment round last month. (SOUNDBITE0 (English) CO-FOUNDER AND CHAIRMAN OF ORCAM AND FOUNDER OF MOBILEYE, AMNON SHASHUA, SAYING: "We believe that by the end of 2018, the revenue, the profit of the company will be at such a level together with ability to forecast that it's good enough for an IPO" And if that happens he's eyeing for the top. Saying the listing would either be on the Nasdaq or the New York Stock Exchange.

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Mobileye founder's vision for other company

Monday, April 03, 2017 - 01:41