Mobileye, a company making camera-based advanced driver assistance systems, says it has obtained approximately US$400 million investment from five international investors, according to a public release.
The deal values Mobileye at US$1.5 billion. The five investors are likely to have acquired roughly 27% of the company combined.
Sailing Capital Management is controlled by Shanghai International Group, a large state owned financial holding company.
Established in September 2011, Sailing Capital Management enjoys substantial support from the Shanghai municipal government. The firm manages a fund with total capital of RMB50 billion and first-round fund of RMB12 billion.
The Mobileye deal is expected to close in August.
Founded in 1999, Mobileye has a development center in Jerusalem and offices in the Netherlands, the United States, Japan and Cyprus.