Innoviz Technologies

Autonomous Vehicle LIDAR Sensor Solution

2016

442

$252M

Series C

5

20

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 vehicles surroundings. Driven by its proprietary HW and 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.

NameTitleContact
Oren BuskilaChief R&D Officer
Oren RosenzweigCBO
Omer KeilafCEO
Amit SteinbergCTO

TitleDate AnnouncedAmount ($)
Innoviz reverse merges with Collective Growth CorporationApril 2021350,000,000

Investor NameInvestor TypeAUM ($)
360 Capital PartnersVenture Capital357,000,000
Amiti VenturesVenture Capital185,000,000
Aptic0
China Merchants Capital0
Delek MotorsCompany0
Delphi Automotive0
Glory VenturesVenture Capital314,000,000
Harel Insurance Investments and Financial ServicesInvestment Firm77,000,000,000
HiRain0
Magma Venture PartnersVenture Capital500,000,000
Magna International0
Naver CorporationCompany0
New Alliance Capital0
Phoenix Holdings0
SamsungCompany0
Samsung Catalyst Fund0
Shenzhen Capital Group0
SoftbankVenture Capital, Investment Firm0
Vertex VenturesVenture Capital1,000,000,000
Zohar ZisapelAngel0

12

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.

Top gear: Israeli autotech cruises along despite high-tech crisis

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