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Intel’s self-driving company Mobileye files for an IPO

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The Intel-owned Mobileye is going public.

. Mobileye’s SEC filing indicates steady revenue growth over the past few years, jumping from $879 million in 2019 to $967 million in 2020, and topping out at $1.4 billion in 2021. The filing doesn’t provide any information on how much a share could cost., which serves as the “brain” for Mobileye’s driver-assist and self-driving technology.

Mobileye also uses a data crowdsourcing program — called Road Experience Management — to build out a 3D map using real-time data from vehicles equipped with Mobileye’s technology. The companyWhile Mobileye has supplied its technology to companies like BMW, Nissan, Volkswagen, and other major car companies, it’s also taking a stab at creating its own fleet of autonomous vehicles for delivery and ride-hailing services.

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Intel-owned autonomous driving tech company Mobileye files for an IPO | EngadgetIntel previously said that it's using some of the funds it earns from the IPO to build new chip factories..
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