Mobileye (MBLY), a leading provider of driver-assistance technology that at some point could help lead to self-driving cars, topped expectations with its Q2 earnings Thursday morning. Mobileye reported revenue of $52.8 million, beating the consensus estimate of $47.9 million and up 57% from the year-earlier quarter. The Israel-based company reported earnings per share minus items of 10 cents, doubling its Q2 2014 figure and beating the consensus
Tech companies based in Israel received a record amount of funding in Q2, with the sector buoyed by some top-performing IPOs such as Mobileye (MBLY) and CyberArk Software (CYBR). Israeli startups received $1.12 billion in funding in Q2, topping the former record of $1.11 billion in Q4 2014. The funding was up 12% from Q1 and 20% more than Q2 2014, according to a report from IVC Research Center and KPMG. The funding went to 179 Israeli tech
Mobileye (MBLY), maker of driver-assistance systems, has taken a big step toward picking up Volkswagen as a customer, analysts say. Israel-based Mobileye is a leader in advanced driver assistance systems (ADAS), whose chips and software take in data from car cameras. Volkswagen and Toyota (TM) are the two remaining big auto makers that have yet to build Mobileye’s technology into vehicles. Volkswagen late Friday issued a press release identifying