Israeli tech firms rev up their engines for self-driving cars

As the world moves toward an era of self-driving cars, Israel is positioning itself to be the Detroit of the future.

The country has emerged as a global leader in the fast-growing field of driverless cars, as illustrated by Intel’s more than $15 billion acquisition of Israeli firm Mobileye this week.

Israel is now home to hundreds of startups that provide everything from sensors to cybersecurity to data collection for autonomous vehicles, putting it alongside Silicon Valley at the forefront of an industry that many expect to take off over the next decade.

“In the last 12 months, the global interest is rising more and more,” said Lior Zeno-Zamansky, executive director of EcoMotion, a nonprofit group that promotes the smart transportation sector in Israel. “Everyone is looking for the next Mobileye.”

She said the Israeli smart transportation sector has attracted some $4 billion in investment over the past four years, roughly half of it driven by two industry leaders, Mobileye and Waze. During that time, the number of Israeli startups in the sector has grown from 87 in 2013 to over 500.

Article from timesofisrael.com