Mobileye agreed on 5 January to acquire Mentee Robotics, an Israeli developer of humanoid robots, for an aggregate US$900m in cash and shares, announcing the deal at CES in Las Vegas the next day.
Why Mobileye Global Inc. is buying Mentee Robotics Ltd.
Mobileye presented the deal as an extension into physical, or embodied, AI, arguing that autonomous driving and robotics rely on similar sensing, perception and decision-making technology. Mentee says it can train robots by turning a single human demonstration into millions of simulated repetitions rather than collecting large volumes of real-world data.
Deal terms and financing
The price comprises about US$612m in cash and up to 26.2 million Mobileye Class A shares, all allocated to Mentee's founders. Of those shares, 10% are subject to a six-month lock-up and 90% are held in trust and released 24 and 48 months after closing subject to continued employment. A US$95m escrow secures adjustments and indemnities. Amnon Shashua is due about 37.87% of the consideration, valued at about US$341m, and chief technology officer Shai Shalev-Shwartz about 13.08%.
Regulatory approvals and timing
Shashua recused himself; the board approved the deal on the recommendation of a strategic transaction committee of four disinterested directors, the audit committee approved it under the related-persons policy, and Intel approved it as sole holder of Class B stock. The acquisition closed on 3 February 2026, with final consideration of US$611.9m in cash and 26,279,824 shares.
Market context
Mentee raised about US$21m in March 2025 at a valuation of roughly US$162m, according to PitchBook data cited by Reuters. Intel remains Mobileye's largest shareholder with about a 23% economic stake.
