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Commcrete's Seed round was backed by Prof. Amnon Shashua, founder of Mobileye, together with Q Fund and private angels.
Mobileye SuperVision projects with FAW Group are expected to be deployed by the end of 2024.
Both Mobileye SuperVision and Mobileye Chauffeur implementations with FAW Group will use Mobileye’s RSS-based driving policy and precision mapping alongside a comprehensive 360-degree camera system.
FAW Group and Mobileye established a strategic partnership to develop products leveraging Mobileye SuperVision and Mobileye Chauffeur platforms.
Other FAW Group brands are planned to gradually follow the Hongqi rollout using Mobileye’s platform solutions.
The signing ceremony between FAW Group and Mobileye took place on 2023-09-13 in Changchun.
Mobileye has developed traffic sign relevancy technology that identifies whether a speed sign is relevant to a specific lane.
Mobileye has introduced a vision-only Intelligent Speed Assist (ISA) solution for automakers.
The Mobileye ISA solution does not rely on third-party maps and GPS data.
The new software for the ISA solution is designed for Mobileye's EyeQ platform.
Mobileye's ISA solution includes signature-based classification that loads the 'signature' of new traffic signs introduced after a vehicle's manufacture.
Three other global automakers are expected to follow in integrating the Mobileye ISA system in 2024 and beyond.
Mobileye's ISA solution uses advanced search engines to find examples of rare signs in its clips database and integrate them into the system.
The road-type classifier in Mobileye's ISA solution can detect the right speed even when traffic signs are missing by using cues in the scene.
A major global auto group plans to integrate the Mobileye ISA system into two vehicle brands for models going on sale in Europe later this year.
The Mobileye ISA solution has been tested and certified across Europe.
Porsche plans to offer automated assistance and navigate-on-pilot functions in future models based on the Mobileye SuperVision™ technology platform.
Mobileye’s imaging radar supports other autonomous vehicle vision sensors and can detect objects, vehicles, and pedestrians at distances of up to 1,0 m.
Mobileye’s imaging radars deliver a detailed four-dimensional image of surroundings up to 1,0 m away and beyond.
Mobileye’s True Redundancy approach envisions using imaging radars to create a 360-degree sensing system that operates independently from a camera-based system.