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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