No one company dominates the self-driving industry. That means there’s room for smaller players to play a bigger hand in the next big thing.
Professor Amnon Shashua and Karl Iagnemma are riding the wave of exits in the self-driving space
Shashua and Iagnemma are No. 41 on the Recode 100.
Professor Amnon Shashua and Karl Iagnemma are riding the wave of exits in the self-driving space
Shashua and Iagnemma are No. 41 on the Recode 100.
And that’s why nuTonomy, a self-driving startup developing the brains of a driverless car, co-founded by Karl Iagnemma, and Mobileye, a supplier that develops the software for the sensors or the eyes of an autonomous vehicle, co-founded by Professor Amnon Shashua, made significant exits this year.
Automotive supplier Delphi bought nuTonomy for $450 million in October while Mobileye sold to Intel for a whopping $15 billion, making it Israel’s largest tech exit ever. Both acquisitions give the companies the resources and scale of an established company and the independence to service the wider auto industry.
Under Iagnemma, nuTonomy has launched self-driving pilots in Boston and Singapore and struck partnerships with companies like Lyft. Most recently, Shashua proffered one of the first mathematical models for safety standards for autonomous vehicles.
This article originally appeared on Recode.net.
