Mobileye Raises $400M

Israeli company Moblieye, which develops driver-assitance technology, has raised $400 million. The funds were raised in a financing round from five new investors: BlackRock, Fidelity Management, Wellington Management, Sailing Capital and Enterprise Rent-A-Car.

The investment, the biggest in company history, was made at a company value of $1.5 billion. The estimated value gives Mobileye the prestigious title of the most valuable privately-held company in Israel.