Archive — US — techcrunch
Mobileye acquires humanoid robot startup Mentee Robotics for $900M
Mobileye has acquired humanoid robot startup Mentee Robotics for $900 million, incorporating its expertise into Mobileye 3.0, a new phase focusing on robotics and physical AI. The deal includes $612 million cash and shares, with plans to expand into humanoid robotics while continuing to enhance automotive AI technologies.
Key points
- Mobileye, co-founded by Amnon Shashua, is moving towards robotics with the acquisition of Mentee Robotics for $900 million, which includes $612 million in cash and shares.
- The transaction is approved by the Mobileye board and Intel, expected to close in Q1 of 2026.
- Shashua recused himself from the decision to avoid conflicts, indicating the independence of Mentee as a unit within Mobileye.
- Mobileye aims to leverage Mentee's advancements in humanoid robotics to enhance automotive AI and physical AI overall, signaling a strategic pivot in its business model.
- The automotive revenue pipeline for Mobileye stands at $24.5 billion over the next eight years, up 40% from earlier estimates.
Why it matters
- The acquisition aligns with growing interest in humanoid robotics across tech industries as various companies explore applications beyond traditional sectors.
- Mobileye is establishing a presence in the robotics market to diversify its technology offerings amid a competitive landscape for AI and automation.
- Similar acquisitions and investments in robotics are noted across tech companies, reflecting a trend towards integrating AI into various physical applications.
Mobileye's $900 million acquisition of Mentee Robotics marks a significant investment in the future of robotics and AI, showcasing its ambition to lead in the rapidly evolving intersection of these fields.