2021-04-16

Innoviz Technologies and Collective Growth Corporation Announce Closing of Business Combination

Business combination provides Innoviz with approximately $371 million in gross proceeds comprised of Collective Growth's cash in trust and a PIPE led by strategic investors, positioning Innoviz to capitalize on growth catalysts and expand its product roadmap TEL AVIV, Israel and AUSTIN, Texas, April 5, 2021 /PRNewswire/ -- Innoviz Technologies, a technology leader of high-performance, solid-state LiDAR sensors and perception software, and Collective Growth Corporation (NASDAQ: CGRO) today announced the completion of their previously announ...
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2019-06-17

Israel LiDAR Company Innoviz Closes Series C Funding at US$170M

Innoviz Technologies, the Israeli LiDAR sensor and perception software provider, announced that it has closed its Series C funding round with US$170 million. The total funding of the company came to US$252 million. (The close of Innoviz’s Series C funding round marks a significant milestone in a long line of achievements by the company. Image: Innoviz) The company said that this funding will support several key initiatives, including the enhancement of Innoviz's perception software. Innoviz's perception software provides vehicles with a deep underst...
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2018-04-28

BMW Selects LiDAR Sensors from Magna and Innoviz Technologies for 2021 Autonomous Vehicles Series Production

On the road to developing autonomous technologies, perhaps nothing is more important than the vehicle being able to see the world around it. To help meet this challenge, Magna and Innoviz Technologies will supply the BMW Group with solid-state LiDAR for upcoming autonomous vehicle production platforms.
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2018-01-10

CES News: Innoviz Launching Autonomous Driving LiDAR InnovizPro

Innoviz Technologies announced the commercial launch of InnovizPro, a stand-alone, solid-state, MEMS-based scanning LiDAR solution offering the most accurate and reliable performance of any LiDAR sensor available on the market.
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2017-09-21

Innoviz Technologies Ready to Mass Produce Its LiDAR Solution

Israeli-based LiDAR developer Innoviz Technologies announced in early September that it has raised $65 million in Series B funding as its groundbreaking LiDAR solution moves into mass production. Strategic partners and global experts in automated driving solutions Delphi Automotive PLC and Magna International participated in the round, along with additional new investors including 360 Capital Partners, Glory Ventures, Naver and others. All Series A investors, including Zohar Zisapel, Vertex Venture Capital, Magma Venture Partners, Amiti Ventures and Delek Motors, participated in this round. A second closing of this round is expected to be announced soon, introducing additional strategic partners.
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2017-08-25

Delphi Partners with Innoviz Technologies to Provide High-Performance LiDAR Solutions for Autonomous Vehicles

Delphi Automotive PLC announced a commercial partnership with Innoviz Technologies, a Israeli-based company developing LiDAR technology for the mass commercialization of autonomous vehicles. Innoviz's proprietary LiDAR sensing solutions will be integrated into Delphi's systems to provide automakers with a comprehensive portfolio of autonomous driving technologies.
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