Innoviz Technologies

Autonomous Vehicle LIDAR Sensor Solution

3D, ADAS, Automotive
Computer Vision
Founder alumni from military unit 81

Business Overview

Founded in 2016, Innoviz is an Israeli startup providing LiDAR remote sensing solutions for fully autonomous vehicles. InnovizOne, our flagship High Definition Solid State LiDAR, enables smart and advanced 3D sensing. InnovizOne produces highly accurate, real time 3D images of the vehicle’s surroundings. Driven by its proprietary HW & SW technologies, InnovizOne offers superior performance and accuracy meeting automotive grade reliability while significantly reducing both cost and size. Innoviz also provides Computer Vision solutions including Object Detection, Tracking and Classification as well as Accurate Mapping and Localization. Our growing team is comprised of leading experts in numerous fields such as Electro-Optics, Computer Vision, MEMS design, Signal Processing and System Architecture.

Operating Status
Public
Founded
January 2016
Employees
133
Business model
B2B
Offering type
Hardware, Software
Funding stage
Series C
Business stage
Launched
Revenue status
Revenue Generating
Total funding
$252 Million
Sectors
3D, ADAS, Automotive, Autonomous, LIDAR

Founders

Innoviz Technologies
Omer Keilaf
CEO
Innoviz Technologies
Oren Buskila
Chief R&D Officer
Innoviz Technologies
Oren Rosenzweig
CBO
Innoviz Technologies
Amit Steinberg
CTO
AI Expert

Funding Rounds

New wpDataTable

Date Announced

Funding Round

Amount Raised

Investors

Exit Events and Acquisitions

Date Announced

Transaction

Consideration

Target

Acquirer

April 2021
Reverse Merger
$350 M
Innoviz Technologies
Collective Growth Corporation

Revenues

Date

Revenue Type

Amount

2020
Annual
$5M

AI Technology Stack

AI Description

Innoviz’s offerings include InnovizOne, for automotive-grade applications, and its Perception Software, designed to complement the hardware offerings with advanced AI and machine learning-based classification, detection and tracking features.

The perception software leverages the rich data derived from Innoviz’s LiDAR sensors, coupled with proprietary state-of-the-art AI algorithms, to provide leading objection detection, classification and tracking features, as well as collision classification, localization and calibration capabilities.

When deployed alongside and in combination with other sensors’ perception algorithms, Innoviz’s software complements them to enhance performance and safety. The perception software is very resource-efficient and requires low compute power, making it compatible with various automotive-grade compute platforms. This achievement is a key differentiator against hardware-only LiDAR providers.

AI employees
11
AI types
Computer Vision

In The News

Israel’s Innoviz launches Next-Gen LiDAR, bringing us one step closer to the autonomous future | Geektime

October 19, 2020

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