Fresh off the $15 billion sale of his autonomous vehicle technology firm Mobileye to Intel, Amnon Shashua’s next start-up, OrCam, uses similar computer vision technology to help the visually impaired. Laura Frykberg reports
A simple touch could aid the visually impaired in the future.
A camera mounted on glasses, which communicates with the user.
“Everything happens here. It’s like a tiny box that tells you what it sees.”
“At Mobileye we’re looking for vehicles and pedestrians and traffic signs and traffic lights and understanding the roadway. In Orcam, we are trying to understand text, barcodes, faces, situations, to help people with visual disabilities. The customer functions are completely different but the commonality is computer vision for the benefit of society”.
The company is already valued $600 million.
And finished a $41 million investment round last month.
“We believe that by the end of 2018, the revenue, the profit of the company will be at such a level together with ability to forecast that it’s good enough for an IPO”
And if that happens he’s eyeing for the top.
Saying the listing would either be on the Nasdaq or the New York Stock Exchange.