Mobileye Acquires Mentee Robotics for $900 Million

Mobileye, a leading developer of advanced driver-assistance systems and autonomous driving technology, announced Tuesday at the Consumer Electronics Show in Las Vegas its acquisition of Israeli startup Mentee Robotics for $900 million. The deal, which combines Mobileye's expertise in automotive artificial intelligence with Mentee's humanoid robotics innovations, marks a strategic expansion into physical AI applications beyond vehicles.

Under the agreement, Mobileye will pay approximately $612 million in cash along with up to 26.2 million shares of its common stock. The transaction, approved by Mobileye's board and its largest shareholder Intel, is expected to close in the first quarter of 2026. Mentee, founded in 2022, will continue operating as an independent unit within Mobileye for at least two years, retaining its agility while gaining access to the parent company's resources, including advanced AI training infrastructure and a customer base of major global automakers.

Amnon Shashua, Mobileye's cofounder and president, also cofounded and serves as co-CEO of Mentee. He recused himself from the board's decision-making process due to his roles and significant shareholding in...