The Israeli company is working on rapid-charging solutions for smartphones and automobiles.
After surveying high-tech insiders in Israel - including investors, entrepreneurs, and venture capitalists - "Globes" has ranked the country's top 10 most promising startups. Previous winners of the award include Mellanox, Outbrain, Fiverr, and GetTaxi.
The company recognized as the most promising start of 2015 is StoreDot, which has raised $76 million from leading investors like Roman Abramovich, Samsung Ventures, and Singulariteam. While the Israeli startup originally garnered significant buzz in the past two years for its development of a solution to charge cell phones in half a minute, it recently turned its focus to the automotive world. including investors, entrepreneurs, and venture capitalists - "Globes" has ranked the country's top 10 most promising startups. Previous winners of the award include Mellanox, Outbrain, Fiverr, and GetTaxi.
The Israeli company is working on rapid-charging solutions for smartphones and automobiles.
EY global chairman and CEO Mark Weinberger interviewed Mobileye(NYSE: MBLY) president and CEO Ziv Aviram, one of the company founders, who won an Ernst & Young entrepreneurship competition. The first question Weinberger asked was how the company had become so successful. "The main part of Mobileye is the technology. In 16 years, no one has caught up with us. The business infrastructure is also very special, though," Aviram says.
"We had to raise more money and hire more people. It was a very tough strategy, but we succeeded in it. I can't imagine an auto manufacturer that will take two systems from different companies, only a company that will produce one system, and that's our advantage. The solution we're developing now - an automatic car that runs by itself without a driver - is also a very strategic move for us. It's not a profitable business, at least not in the next few years, but it will give us all of the rest of the market, because we're providing several services, instead of just one," Aviram explains.