Innoviz successfully completed an 18-day test in the harshest winter conditions, demonstrating the robustness and reliability of the InnovizTwo LiDAR and Perception Software TEL AVIV, Israel, April 18, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, announced today the successful completion of a winter test for its InnovizTwo LiDAR and Perception Software, a key engineering ...

Full year 2023 revenues of approximately $21M exceeded guidance with year-over-year growth of 246% Q4 2023 revenues of approximately $15M exceeded guidance with 328% growth quarter-over-quarter and 846% growth year-over-year Strong revenue growth coupled with disciplined cost management led to the lowest quarterly cash burn since becoming a public company, finishing the year with approximately $150 million in cash and equivalents TEL AVIV, Israel, Feb. 28, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" o...

Realignment actions to be implemented during the first quarter of 2024 and are expected to reduce cash outlays by $22-24 million on an annualized basis Savings expected to be derived primarily from the transition of the InnovizOne program to series production and concentration of future investments on the InnovizTwo sensor and perception software suite  TEL AVIV, Israel, Jan. 31, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, aut...

TEL AVIV, Israel, Nov. 16, 2023 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 supplier of high-performance, automotive grade LiDAR sensors and perception software, today announced that it has been named a CES® 2024 Innovation Awards Honoree for the all-new InnovizCore, and is competing for the "Best of Innovation" distinction to be announced ahead of the Consumer Electronics Show happening January 9-12 in Las Vegas, NV. The CES Innovation Awards ...

Innoviz and the BMW Group to start first phase for new LiDAR generation New generation to enable Level 3 automated driving capabilities to a broader range of future vehicles Innoviz is developing a B-Sample for an enhanced solution portfolio, including the InnovizTwo second Generation LiDAR, an all-new InnovizCore compute box, and a suite of advanced AI-powered software solutions including an industry-first LiDAR-based MRM system TEL AVIV, Israel, Aug. 2, 2023 /PRNewswire/ -- Innoviz Technologies (NASDAQ: INVZ) and the BM...

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/Fp1DzzdelZo" title="YouTube video player" width="560"></iframe> Innoviz Two in Action at a Busy Intersection in Tel Aviv, IsraelINNOVIZ Innoviz emerged as a Tier 1 LiDAR supplier for OEMs in late 2022, specifically for the Volkswagen Group. Penetrating the somewhat closed supply chain relationships between automotive OEMs and traditional Tier 1 supp...

Innoviz's automotive-grade LiDAR will be used to enable autonomy for LOXO's next zero-emission delivery vehicles. TEL AVIV, Israel and BERN, Switzerland, June 28, 2023 /PRNewswire/ -- Innoviz Technologies (NASDAQ: INVZ) (the "Company" or "Innoviz"), a Tier-1 supplier of high-performance, automotive grade LiDAR sensors and perception software, announced today that Switzerland-based LOXO, a provider of zero-emission autonomous delivery vehicles, has signed a letter of intent (LOI) to deploy InnovizOne LiDAR...

Innoviz and Exwayz are collaborating to demonstrate new lidar-based perception solutions for various non-automotive applications.  Innoviz is integrating its InnovizOne LiDAR with Exwayz's LiDAR-based plug-and-play perception software to enable precise 3D mapping, localization and re-localization, as well as object detection and classification. Exwayz will present its use-case with InnovizOne LiDAR at the Consumer Electronics Show (CES) on January 7, 2023, 12:00pm, at Innoviz's booth #6553. Innoviz Technologies (NASDAQ: INVZ...

Consultancy firm Strategy Analytics suggests that a major supply deal with Volkswagen affiliate CARIAD will see Innoviz become market leader. InnovizTwo lidar unit The Israeli company Innoviz Technologies has been tipped to become market leader in the emerging automotive lidar sector, after revealing that it has signed a major supply deal involving auto industry giant Volkswagen (VW).   Market analyst firm Strategy Analytics, which has just compiled its first ever market share estimates for the nascent industry, says that the deal with VW...

LiDAR sensor manufacturers across the world including Innoviz Technologies, Hesai, Lumentum and Velodyne Lidar have announced their new achievements recently and are going to showcase novel technologies at upcoming events. Innoviz Technologies added a new sensor to its product line, the InnovizTwo. The new automotive-grade LiDAR sensor, with a major cost reduction design of over 70% compared to InnovizOne, offers a solution for all levels of autonomous driving. Samples of InnovizTwo will be available in Q3 2021. (Image: Innoviz) China-based Hesai also re...

Israel-based LiDAR company Innoviz Technologies announced its partnership with Shaanxi Heavy Duty Automobile, a truck manufacturer based in Xian China, which is also known as Shacman Trucks outside China. With the cooperation, Innoviz will supply its LiDAR sensors for developing autonomous trucks for an upcoming project in one of the biggest ports in China. At the first stage of the project, InnovizPro LiDAR is being utilized in Shaanxi Truck's autonomous proof of concept project at the Chinese port, with Shaanxi's ultimate goal being the deployme...

Cognata, an ADAS and autonomous vehicles simulation software company, announced that Israeli LiDAR solution provider Innoviz has selected Cognata as its simulation partner for testing and validation of its sensor hardware and perception software offerings. Cognata's simulation platform can replicate how Innoviz's LiDAR technology reflects off of various materials to reproduce how the sensor will work on the road. Simulation provides the only environment where this fast-paced LiDAR technology can be tested and validated extensively for real-life scenarios and...

In order to push the development of autonomous driving technology, worldwide LiDAR developers continue to release new products and build partnerships with different industry players. Apart from the mechanical LiDAR suppliers and US-based solid-state LiDAR makers, LEDinside also tracks the progresses of solid-state LiDAR makers around the world and the following is their update in the past year. Related reading:  Global LiDAR Companies 2019 Progresses: Solid-State LiDAR Manufacturers in the U.S. Global LiDAR Companies and Their Lates...

Israel-based LiDAR solution provider Innoviz Technologies announced the achievements of its expansion into four new countries and advance of manufacturing. With the significant movements, the company aims to provide LiDAR solutions available and affordable at a massive scale for the prospering market. Innoviz has expanded globally with the opening of offices in four new countries including the U.S., Germany, China and Japan, with additional expansions planned in 2019. These regions were selected based on their proximity to areas of high market demand and/or existing cus...

Serving as a key technology in the development of autonomous vehicle, LiDAR has gained increasing attentions from the industry with more and more companies continually advancing their LiDAR technology development. Two LiDAR companies, Innoviz and Robosense, announced that their cutting-edge LiDAR solutions have been honored with CES 2019 Innovation Awards. Chinese LiDAR company RoboSense said that its RS-IPLS Intelligent Perception LiDAR System was named as a CES 2019 Innovation Awards Honoree which was released during CES Unveiled N...

LiDAR solution provider Innoviz Technologies announced that is has won the CES 2018 Innovation Awards Honoree recognition in the Vehicle Intelligence and Self-Driving Technology category for its groundbreaking InnovizPro High Definition Solid State LiDAR.