Mobileye, a Jerusalem-based developer of advanced vision and self-driving technologies, has inked an agreement to acquire fellow Israeli company Mentee Robotics, an AI humanoid robotics startup, in a deal worth $900 million.

Under the terms of the deal, Mobileye will buy Mentee for $612 million in cash and up to about 26.2 million Mobileye shares, and Mentee will operate as an independent unit within Mobileye. Both companies were co-founded by Prof. Amnon Shashua.

In December, Mobileye laid off about 200 employees, or five percent of its global workforce. The layoffs, which were part of streamlining measures across the firm’s divisions, mostly affected its 3,000 employees in Israel. Mobileye has been shutting down some of its units in response to shrinking demand for certain products and declining revenue.

Speaking at the Consumer Electronics Show (CES) in Las Vegas on Tuesday, Shashua said with the acquisition of Mentee, Mobileye is adding robots as a new growth engine. Mobileye said that Shashua, its CEO, did not take part in the approval of the transaction.

Mobileye became an Intel Corp. company in 2017 after being acquired by the US chipmaker for $15.3 billion, marking the largest exit for an Israeli tech company at the time. In 2025, Intel divested almost $1........

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