Tests have been quietly underway in the capital for months, and will expand to California and Arizona, Mobileye chief Amnon Shashua says at the Intel .

The Jerusalem-based company, which has developed a wearable device that acts as a visual aid, has completed a funding round that puts them on the right path towards a planned IPO.

Amnon Shashua recognized for developing sensors for autonomous driving

The idea of a hands-free vehicle is rapidly becoming a reality. Israeli company Mobileye is now at the forefront of the driverless car movement.