Innoviz Technologies Overview
Innoviz Technologies provides LiDAR remote-sensing solutions for fully autonomous vehicles. The company's flagship high-definition solid-state LiDAR, InnovizOne, enables smart, advanced 3D sensing. InnovizOne produces highly accurate real-time 3D images of the vehicle's surroundings. Driven by its proprietary hardware and software technologies, InnovizOne offers high performance and accuracy, providing automotive-grade reliability while reducing cost and size. Innoviz also provides computer-vision solutions, including object detection, tracking, and classification, as well as accurate mapping and localization.
Cumulative Funding Raised Over Time ($)
$230.0MApr 2021
$239.0MFeb 2016
$277.0MJun 2019
$409.0MMar 2019
$482.0MOct 2017
Latest News
growth-positive
Ouster vs. Innoviz: Which LiDAR Powerhouse is a Safer Bet?
Ouster, Inc. is positioned to benefit from the rising adoption of LiDAR technology across various sectors, including automotive and robotics. The companys merger with Velodyne has expanded its product lineup and customer base, aiming for significant cost synergies. Ouster is transitioning from hardware-focused sales to software-driven offerings to build recurring revenue streams. Despite being unprofitable and expecting continued cash burn through 2026, Ousters balance sheet remains solid with $171 million in cash and no debt. The company targets substantial annual revenue growth and gross margins, supported by major deals and partnerships, including with LASE PeCo.
AcquisitionPartnersProduct StageCustomers
growth-negative
Gentherm (THRM) Surpasses Q3 Earnings and Revenue Estimates
Gentherm reported quarterly earnings of $0.73 per share, surpassing the Zacks Consensus Estimate of $0.64 per share, marking a 14.06% earnings surprise. Despite this, the companys shares have declined by about 14% since the start of the year, underperforming the S&P 500s 13.9% gain. The company posted revenues of $386.87 million, exceeding the consensus estimate by 3.16%. However, the earnings outlook remains a concern, as the Zacks Rank for Gentherm is #4 (Sell), indicating expected underperformance in the near future. The companys future stock movement will depend on managements commentary and earnings expectations.
growth-positive
Innoviz Sets Third Quarter 2025 Conference Call for Wednesday, November 12 at 9:00 a.m. ET
Innoviz Technologies Ltd., a leading supplier of LiDAR sensor platforms and software, announced it will release its third-quarter earnings results for 2025 on November 12, before the market opens. The company will host a conference call and webinar to discuss its operational and financial results, followed by a Q&A session. Innoviz is recognized for its high-performance LiDAR technology, serving major automotive manufacturers and other industries globally. The company aims to enhance safety in autonomous vehicles with its advanced perception software. The event will be accessible to investors, with a replay available for 90 days.
neutral
/PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ), (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive-grade...
Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensor platforms, announced it will release its third-quarter earnings results for the period ending September 30, 2025, on November 12, 2025. The company will host a conference call and webinar to discuss its operational and financial results, followed by a Q&A session for investors. Innoviz is recognized for its high-performance LiDAR technology, which is used by premium automotive manufacturers and other commercial and industrial leaders. The company operates globally, aiming to enhance safety in autonomous vehicles.
growth-positive
Why The Narrative Around Innoviz Technologies Is Shifting After Recent Analyst and Industry Developments
Innoviz Technologies has experienced a positive shift in analyst sentiment, highlighted by an upgrade from Goldman Sachs, which raised its price target to $2.50. The company is well-positioned to benefit from the growing importance of autonomous technology, particularly in the automotive sector. Innoviz has been selected as a supplier for a leading commercial vehicle manufacturer and announced collaborations with Cron AI and D2 Traffic Technologies. Additionally, Innoviz filed a $75 million follow-on equity offering to support its strategic initiatives. The company projects significant revenue growth for 2025, more than doubling expected results for 2024.
CustomersPartnersPIPE/PO
| Sector | Automotive & Mobility Technologies |
Funding
| Total funding | $728M |
| Last funding | $40M |
| Stage | Public |
| Rounds | 8 |
| Investors | 23 |
Team Members
7
Employees: 201-500
Web & Social Links
| Website | innoviz.tech |
| Careers | Careers page |
Locations
Rosh Haayin, Israel
Munich, Germany
Photos & Videos
5 item(s)
Innoviz Technologies Business
Business models
B2B
Product stage
Released
Employees
201-500
Sector
Automotive & Mobility TechnologiesAutonomous & ConnectedTarget Customer
Industrial ManufacturingIndustrial EquipmentMachineryDiscrete IndustriesAutomotiveTransportation & LogisticsLogisticsPostal & CourierAviationCore Technology
SensingLIDARTags (11)
deliverysmart-mobilityremote-sensingtransportationautomotivesensorsobject-trackingautonomous-vehiclesoptronicslidarlogisticsSolutions
{"title":"Automotive","description":"Innoviz Technologies provides high-performance, automotive-grade LiDAR sensors (InnovizOne, InnovizTwo) and perception software designed to enable safe and advanced Level 3-5 autonomous driving capabilities in consumer vehicles.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":2,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Customer Acquisition","value":4,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Risk Mitigation","value":5,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}},{"name":"Talent Development","value":1,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Negligible / Incidental","content":"No discernible or only trivial positive effect; status-quo unchanged."}},{"name":"Agility & Innovation","value":5,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}}]}
{"title":"Trucking","description":"Innoviz's LiDAR technology provides advanced 3D perception for trucks, significantly enhancing safety and enabling autonomous driving capabilities for improved operational efficiency and risk mitigation in the trucking industry.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":4,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Customer Acquisition","value":3,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Risk Mitigation","value":5,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}},{"name":"Talent Development","value":2,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
{"title":"Autonomous Vehicles / Logistics","description":"Innoviz's LiDAR technology provides precise 3D sensing for autonomous sidewalk delivery robots, enabling safe and efficient navigation in complex urban environments.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":5,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}},{"name":"Customer Acquisition","value":3,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Risk Mitigation","value":4,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Talent Development","value":2,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Agility & Innovation","value":5,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}}]}
{"title":"Automotive / Autonomous Vehicles","description":"Innoviz Technologies provides high-performance LiDAR sensors for autonomous vehicles, including robotaxis, shuttles, and delivery vehicles, enabling safe and reliable Level 3-5 autonomous driving capabilities.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":5,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}},{"name":"Customer Acquisition","value":4,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Risk Mitigation","value":5,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}},{"name":"Talent Development","value":2,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Agility & Innovation","value":5,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}}]}
{"title":"Industrial, Mining, Construction, Agriculture","description":"Innoviz provides LiDAR solutions for heavy machinery, enabling advanced perception capabilities for improved safety, efficiency, and automation in industrial applications like mining, construction, and agriculture. This includes features like obstacle detection, navigation, and mapping.","items":[{"name":"Revenue Growth","value":3,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Operational Efficiency","value":4,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Customer Acquisition","value":3,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Risk Mitigation","value":4,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Talent Development","value":2,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
{"title":"Logistics","description":"Innoviz's LiDAR technology provides advanced perception for autonomous vehicles and robotics in logistics, enabling safe and efficient navigation, obstacle detection, and automation for applications like AGVs, forklifts, port equipment, and last-mile delivery.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":5,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}},{"name":"Customer Acquisition","value":2,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Risk Mitigation","value":4,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Talent Development","value":2,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
{"title":"Industrial Drones & Robotics","description":"InnovizOne LiDAR provides high-resolution, long-range, all-weather 3D sensing for industrial drones, enabling precise mapping, inspection, navigation, and obstacle avoidance across various applications like infrastructure, construction, and agriculture.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":4,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Customer Acquisition","value":3,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Risk Mitigation","value":4,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Talent Development","value":3,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
Use Cases
LiDAR for Consumer VehiclesLiDAR for TruckingLiDAR for Sidewalk DeliveryLiDAR for Delivery Vehicles, Robotaxi's & ShuttlesLiDAR for Heavy MachineryLiDAR for LogisitcsLiDAR for DronesGeographic Markets
JapanGermanyUnited StatesChinaInnoviz Technologies Financials
$728M
Total funding
Undisclosed
Capital raised
$40M
Last funding
Public
Funding stage
8
Total rounds
23
Investors
Cumulative Funding Raised Over Time ($)
$230.0MApr 2021
$239.0MFeb 2016
$277.0MJun 2019
$409.0MMar 2019
$482.0MOct 2017
Private Equity Funding
PIPE
Apr 2021
$230M
Antara Capital, Phoenix Insurance, Magna Technology Investments
C Round
Jun 2019
$38M
Undisclosed Investor(s), Champel Capital
C Round
Mar 2019
$132M
West Fountain Global Fund, New Alliance Capital, Financial Services (TASE:HARL), Phoenix Insurance, Harel Insurance & Finance, China Merchants SINO-BLR Capital Management, Amiti Ventures
B Round
Oct 2017
$73M
Magna International, Amiti Ventures, Cerca Partners, Delphi Technologies, SoftBank Ventures Asia, OurCrowd, Samsung Catalyst Fund, Glory Ventures
A Round
Feb 2016
$9M
Zohar Zisapel (Late), Delek Motors, Amiti Ventures, Vertex Ventures Israel, Magma Venture Partners, Properties Ltd
Public Offering / Exit
POEvent
Feb 2025
Undisclosed
POEvent
Aug 2023
Undisclosed
SpacEvent
Apr 2021
Undisclosed
Innoviz Technologies Lifecycle
Cumulative Funding Raised Over Time
$230.0MApr 2021
$239.0MFeb 2016
$277.0MJun 2019
$409.0MMar 2019
$482.0MOct 2017
All Events
PIPE
Apr 2021
$230M
Antara Capital, Phoenix Insurance, Magna Technology Investments
C Round
Jun 2019
$38M
Undisclosed Investor(s), Champel Capital
C Round
Mar 2019
$132M
West Fountain Global Fund, New Alliance Capital, Financial Services (TASE:HARL), Phoenix Insurance, Harel Insurance & Finance, China Merchants SINO-BLR Capital Management, Amiti Ventures
B Round
Oct 2017
$73M
Magna International, Amiti Ventures, Cerca Partners, Delphi Technologies, SoftBank Ventures Asia, OurCrowd, Samsung Catalyst Fund, Glory Ventures
A Round
Feb 2016
$9M
Zohar Zisapel (Late), Delek Motors, Amiti Ventures, Vertex Ventures Israel, Magma Venture Partners, Properties Ltd
POEvent
Feb 2025
Undisclosed
POEvent
Aug 2023
Undisclosed
SpacEvent
Apr 2021
Undisclosed
Innoviz Technologies News
193 articles
growth-positive
Ouster vs. Innoviz: Which LiDAR Powerhouse is a Safer Bet?
Ouster, Inc. is positioned to benefit from the rising adoption of LiDAR technology across various sectors, including automotive and robotics. The companys merger with Velodyne has expanded its product lineup and customer base, aiming for significant cost synergies. Ouster is transitioning from hardware-focused sales to software-driven offerings to build recurring revenue streams. Despite being unprofitable and expecting continued cash burn through 2026, Ousters balance sheet remains solid with $171 million in cash and no debt. The company targets substantial annual revenue growth and gross margins, supported by major deals and partnerships, including with LASE PeCo.
AcquisitionPartnersProduct StageCustomers
growth-negative
Gentherm (THRM) Surpasses Q3 Earnings and Revenue Estimates
Gentherm reported quarterly earnings of $0.73 per share, surpassing the Zacks Consensus Estimate of $0.64 per share, marking a 14.06% earnings surprise. Despite this, the companys shares have declined by about 14% since the start of the year, underperforming the S&P 500s 13.9% gain. The company posted revenues of $386.87 million, exceeding the consensus estimate by 3.16%. However, the earnings outlook remains a concern, as the Zacks Rank for Gentherm is #4 (Sell), indicating expected underperformance in the near future. The companys future stock movement will depend on managements commentary and earnings expectations.
growth-positive
Innoviz Sets Third Quarter 2025 Conference Call for Wednesday, November 12 at 9:00 a.m. ET
Innoviz Technologies Ltd., a leading supplier of LiDAR sensor platforms and software, announced it will release its third-quarter earnings results for 2025 on November 12, before the market opens. The company will host a conference call and webinar to discuss its operational and financial results, followed by a Q&A session. Innoviz is recognized for its high-performance LiDAR technology, serving major automotive manufacturers and other industries globally. The company aims to enhance safety in autonomous vehicles with its advanced perception software. The event will be accessible to investors, with a replay available for 90 days.
neutral
/PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ), (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive-grade...
Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensor platforms, announced it will release its third-quarter earnings results for the period ending September 30, 2025, on November 12, 2025. The company will host a conference call and webinar to discuss its operational and financial results, followed by a Q&A session for investors. Innoviz is recognized for its high-performance LiDAR technology, which is used by premium automotive manufacturers and other commercial and industrial leaders. The company operates globally, aiming to enhance safety in autonomous vehicles.
growth-positive
Why The Narrative Around Innoviz Technologies Is Shifting After Recent Analyst and Industry Developments
Innoviz Technologies has experienced a positive shift in analyst sentiment, highlighted by an upgrade from Goldman Sachs, which raised its price target to $2.50. The company is well-positioned to benefit from the growing importance of autonomous technology, particularly in the automotive sector. Innoviz has been selected as a supplier for a leading commercial vehicle manufacturer and announced collaborations with Cron AI and D2 Traffic Technologies. Additionally, Innoviz filed a $75 million follow-on equity offering to support its strategic initiatives. The company projects significant revenue growth for 2025, more than doubling expected results for 2024.
CustomersPartnersPIPE/PO
growth-positive
A Look at Innoviz Technologies (INVZ) Valuation After New Auto and Truck Design Wins Propel Growth Prospects
Innoviz Technologies has achieved significant milestones, securing development deals with a major passenger car manufacturer and a top truck maker for autonomous vehicle projects. The company launched its InnovizSMART long-range LiDAR solution and gained new lab accreditations, enhancing its position in the LiDAR market. Despite a recent share price dip, Innovizs stock has shown strong performance over the past year. The companys agreements with major automotive OEMs and players like Mobileye and Volkswagen are expected to boost demand for its LiDAR solutions, supporting future revenue growth. However, risks such as production delays and competition could impact its potential upside.
PartnersCustomers
growth-positive
Did New OEM Contracts and Product Launch Just Shift Innoviz Technologies' (INVZ) Growth Narrative?
Innoviz Technologies has secured significant development contracts with a top-5 passenger car OEM for Level-3 autonomous vehicles and a leading Class-8 truck manufacturer for Level-4 autonomous trucks. The company launched InnovizSMART, targeting industrial and smart-city markets, and received ISO/IEC 17025:2017 accreditation for its hardware testing labs. These developments highlight Innovizs momentum in expanding its product and customer pipeline. The company anticipates substantial revenue and earnings growth by 2028, with projections of $445.7 million in revenue and $40.3 million in earnings. Despite these positive developments, the conversion of development contracts to high-volume production remains a critical challenge.
Product StageCustomersPartners
growth-positive
Can AEVA's LiDAR Redefine Safety in Intelligent Transport?
Aeva Technologies is entering the Intelligent Transportation Systems (ITS) market in 2025, expanding its applications beyond automotive uses. The companys 4D LiDAR sensors are being utilized by Sensys Gatso Australia in mobile speed enforcement units to enhance traffic safety. This partnership underscores the reliability and precision of Aevas Frequency Modulated Continuous Wave LiDAR technology. Aevas Atlas sensor provides real-time, weather-resistant velocity detection, offering a secondary speed verification layer alongside radar. The partnership with Sensys Gatso, a global leader in traffic enforcement systems, validates Aevas technology. Aeva is also developing software for broader transportation applications, such as detecting wrong-way drivers and improving intersection safety. This expansion into ITS could redefine mobility data capture and usage in urban areas.
Partners
growth-positive
Why Analysts See a Shifting Story for Innoviz Amid Growth Hopes and Cautious Optimism
Innoviz Technologies has seen its Fair Value Estimate increase from $2.40 to $2.90, driven by optimism around its future prospects in the autonomous vehicle sector. Analysts are optimistic about the companys design potential and the growing importance of autonomous vehicle technologies. However, there is caution regarding the companys execution and market challenges. Bullish analysts have raised price targets, reflecting confidence in Innovizs execution and growth momentum, with expectations of new design awards in the coming months. Bearish commentators emphasize the need for timely execution and express concerns about competitive pressures and technological evolution. Overall, the outlook is positive, but execution remains crucial.
growth-positive
/PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ), a leading Tier-1 direct supplier of high-performance, automotive-grade LiDAR sensor platforms and...
Innoviz Technologies Ltd., a leading supplier of LiDAR sensor platforms, has received the ISO/IEC 17025:2017 certification for its hardware qualification testing laboratories. This certification validates the competence of Innovizs testing and calibration laboratories, enhancing its competitive positioning by allowing faster testing times and parallel product development. The certification is expected to boost confidence among OEMs in Innovizs testing processes and quality management. Innovizs in-house testing capabilities include temperature, humidity, stone impact, weather resistance, and mechanical vibration and shock testing. The certification aligns with stringent automotive industry requirements and eliminates the need for outsourcing time-intensive testing protocols. Innoviz is recognized for its LiDAR technology, serving as a Tier-1 supplier to major automotive manufacturers and supporting the development of autonomous vehicles.
growth-positive
Innoviz Technologies Enhances its Automotive Tier-1 Supplier Position by Achieving Key Certification for LiDAR Testing Laboratories
Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensor platforms, has announced that its hardware qualification testing laboratories have received ISO/IEC 17025:2017 certification. This certification validates the competence of Innovizs testing and calibration laboratories, positioning the company as one of the few LiDAR companies with accredited in-house testing capabilities. The certification allows Innoviz to offer faster testing times and parallel product development, thereby accelerating customers product timelines. The achievement enhances Innovizs competitive positioning by providing substantial value to automotive partners, eliminating the need to outsource time-intensive testing protocols.
growth-negative
EA downgraded, AppLovin initiated: Wall Street's top analyst calls
The article discusses various research calls on Wall Street, highlighting upgrades and downgrades of several companies. Merus was downgraded by Citi to Neutral from Buy after entering into an agreement with Genmab, which will acquire all shares of Merus for $97 per share, valuing the transaction at $8.0 billion. This acquisition reflects a growth-negative impact on Merus. Other companies mentioned include General Dynamics, Lam Research, Amer Sports, Citizens Financial, Innoviz Technologies, Electronic Arts, CarMax, Wells Fargo, and U.S. Bancorp, with various upgrades and downgrades based on market conditions and company performance.
Acquired-by
growth-positive
A Look at Innoviz Technologies (INVZ) Valuation After Major Autonomous Truck Supply Deal
Innoviz Technologies has been selected as a future series production supplier by a leading commercial vehicle manufacturer to provide advanced LiDAR units for SAE Level 4 autonomous semi-trucks. This agreement, along with a recent SAE Level 3 development program with a major passenger vehicle brand, has significantly boosted the companys stock, which has risen over 174% in the past year. Innoviz is expanding into nonautomotive markets, enhancing its growth prospects. The companys fair value is considered above the current share price, indicating potential upside. However, challenges remain in converting development agreements to full production and managing volatile profit margins.
CustomersProduct Stage
growth-positive
Innoviz Technologies Ltd. (INVZ) Inks Deal with Commercial Vehicle Manufacturer
Innoviz Technologies Ltd. (NASDAQ:INVZ), a developer and supplier of automotive-grade lidar sensor platforms, has been selected by a major commercial vehicle manufacturer to supply lidar units for SAE Level 4 autonomous class-8 semi-trucks. This deal involves providing InnovizTwo sensors and developing software modifications for vehicle integration. The selection is a significant milestone for Innoviz, reflecting its capability to scale across sectors. Analysts project a 129% revenue growth due to this contract, which could significantly impact Innovizs expansion plans. Innoviz specializes in high-performance, solid-state lidar sensors and perception software for the automotive and autonomous vehicle industries, among other applications.
CustomersPartners
growth-positive
AEVA's Eve 1V: A Tiny Sensor With Outsized Impact on Output
Aeva Technologies has introduced its latest LiDAR sensor, the Eve 1V, designed for industrial applications such as packaging, printing, and construction materials. The Eve 1V offers non-contact measurement, reducing wear and tear and improving accuracy. Built on Aevas FMCW technology, it is more affordable and easier to integrate into existing factory setups. The sensor enhances productivity and safety, with full production expected by early 2026. This development reinforces Aevas position beyond automotive technology. Meanwhile, Innoviz Technologies is expanding its solid-state LiDAR technology applications beyond self-driving cars to areas like precision mapping and industrial safety.
Product StageExpand
growth-positive
Major Commercial Vehicle OEM Selects Innoviz Technologies for Future Series Production of Level 4 Autonomous Trucks
Innoviz Technologies Ltd. has been selected by a major commercial vehicle OEM to supply its InnovizTwo high-performance LiDAR sensors for SAE Level 4 autonomous class-8 semi-trucks in North America. This selection marks a significant milestone for Innoviz, reflecting its capability to scale across sectors and strengthen its position as a preferred 3D sensing partner for global OEMs. The InnovizTwo sensors will support the OEMs data collection trucking fleet, with software modifications to meet unique vehicle integration requirements. This development follows a previous SAE L3 program awarded to Innoviz, further solidifying its role in advancing ADAS and AV systems with reliable LiDAR technology.
Product StageCustomers
growth-positive
/PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive-grade...
Innoviz Technologies Ltd. has been selected as a future series production supplier by a major commercial vehicle OEM to provide advanced LiDAR units for SAE Level 4 autonomous class-8 semi-trucks in North America. The InnovizTwo sensors will support the OEMs data collection trucking fleet and will be integrated into the OEMs autonomous trucks, which are expected to operate on various highway and regional routes. This selection marks a significant milestone for Innoviz, strengthening its position as a preferred 3D sensing partner for global OEMs and AV providers. Innovizs LiDAR technology is recognized for its high performance, reliability, and ability to endure extreme conditions, making it suitable for autonomous vehicles.
Product StageCustomers
growth-positive
Innoviz Technologies, Cron AI, and D2 Traffic Technologies Collaborate to Accelerate LiDAR Adoption for Intelligent Intersections Across North America
Innoviz Technologies Ltd., in collaboration with Cron AI and D2 Traffic Technologies, is addressing key challenges in LiDAR deployment for intelligent transport systems (ITS) and infrastructure intelligence. The partnership combines Innovizs automotive-grade LiDAR sensor, Cron AIs edge-native 3D perception platform, and D2 Traffic Technologies expertise in deployment and integration. This collaboration aims to overcome hurdles such as unreliable perception and fragmented hardware/software stacks by providing interoperable components. The solution will be demonstrated at the ITS World Congress in August 2025. BlueBand, a key partner, utilizes the high-fidelity perception data to build advanced analytics and dashboards for applications like VRU safety and real-time traffic monitoring.
Partners
growth-positive
/PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) ("Innoviz"), Cron AI, and D2 Traffic Technologies today announced their collaboration, addressing the...
Innoviz Technologies Ltd., in collaboration with Cron AI and D2 Traffic Technologies, is set to transform intelligent transport systems (ITS) with scalable LiDAR-Perception solutions. This partnership aims to address challenges in LiDAR deployment by combining Innovizs LiDAR sensors, Cron AIs 3D perception platform, and D2s integration expertise. The collaboration will be showcased at the ITS World Congress 2025 in Atlanta. The deployment comes at a strategic time as the ITS market is projected to grow significantly. The partnership also includes BlueBand, which will leverage the data for advanced analytics. This initiative is expected to drive LiDAR adoption in various sectors, marking a positive growth trajectory for Innoviz.
Partners
growth-positive
Innoviz Technologies Second Quarter 2025 Earnings: Beats Expectations
Innoviz Technologies reported a revenue of $9.75 million for the latest quarter, marking a 46% increase from the previous quarter. The companys net loss narrowed by 13% to $18.5 million, with a loss per share improving from $0.13 to $0.092. Revenue exceeded analyst estimates by 8.3%, and earnings per share surpassed estimates by 3.6%. Looking forward, Innovizs revenue is expected to grow at an average of 58% annually over the next three years, significantly outpacing the US electronic industrys forecasted growth of 8.1%. Despite these positive financial indicators, the companys shares have declined by 8% over the past week.
growth-positive
Innoviz Technologies Ltd (INVZ) Q2 2025 Earnings Call Highlights: Revenue Surge and Strategic ...
Innoviz Technologies Ltd reported a significant increase in revenue for the first half of 2025, reaching $27.1 million, surpassing the total revenue for 2024. The company announced a statement of work agreement with a top 5 passenger automotive OEM for a Level 3 global production passenger vehicle program, indicating potential for future growth. Innoviz launched Innovvi Smart, expanding their auto-grade LiDAR technology to industrial and non-automotive applications, leading to collaborations with several companies. Despite the revenue growth, Innoviz reported a cash burn of $7.3 million for the quarter, highlighting ongoing financial challenges. The company launched an at-the-market (ATM) program to raise $75 million, which may dilute existing shareholders. The development program with the top 5 OEM is in early stages, with production not slated until 2027, potentially delaying revenue realization.
CustomersPartnersPIPE/PO
growth-negative
Innoviz Technologies Ltd. (INVZ) Reports Q2 Loss, Misses Revenue Estimates
Innoviz Technologies Ltd. reported a quarterly loss of $0.09 per share, missing the Zacks Consensus Estimate of a loss of $0.08. This represents a negative earnings surprise of 12.50%. The companys revenue for the quarter was $9.75 million, which also fell short of the consensus estimate by 19.38%. Despite an 8.3% increase in share value since the beginning of the year, Innoviz has underperformed the S&P 500s 9.6% gain. The companys future stock performance will largely depend on managements commentary and earnings outlook. Currently, Innoviz holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market.
growth-positive
/PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high performance, automotive-grade...
Innoviz Technologies Ltd., a leading supplier of LiDAR and software solutions, reported significant financial and strategic progress for the first half of 2025. The company exceeded its full-year 2024 revenue levels in the first half of 2025 and reduced its cash burn. Innoviz signed a development agreement with a top 5 passenger automotive OEM to modify its InnovizTwo LiDAR for a level 3 production vehicle program. The company launched InnovizSMART, expanding its LiDAR applications to industrial sectors, and announced collaborations with companies like Cogniteam and NVIDIA. Innoviz is on track to meet its 2025 revenue targets and aims to become a premier supplier of LiDAR solutions.
Product StageCustomersPartners
growth-positive
Innoviz Reports Second Quarter 2025 Results
Innoviz Technologies Ltd. reported significant growth in the first half of 2025, surpassing its full-year 2024 revenues. The company signed a Statement of Development Work (SODW) with a top 5 passenger automotive OEM, reinforcing its position as a preferred technology partner. Innoviz has launched InnovizSMART, expanding its auto-grade LiDAR to industrial applications, and announced collaborations with companies like Cogniteam and Sparsh CCTV. The company is shipping units from Fabrinets high-volume production line to meet increasing demand. Innoviz is well-positioned to become a leading supplier of LiDAR solutions for autonomous driving and beyond.
Product StageCustomersPartners
growth-negative
Luminar Technologies, Inc. (LAZR) Reports Q2 Loss, Lags Revenue Estimates
Luminar Technologies, Inc. reported a quarterly loss of $1.49 per share, which was worse than the Zacks Consensus Estimate of a $1.19 loss. This represents an earnings surprise of -25.21%. The companys revenue for the quarter was $15.63 million, missing the consensus estimate by 6.49%. Over the last four quarters, Luminar has surpassed consensus EPS estimates three times. The companys shares have lost about 50% since the beginning of the year, underperforming the S&P 500s gain of 8.4%. The companys future performance will depend on managements commentary and earnings outlook. The current consensus EPS estimate for the next quarter is -$0.97 on $22.38 million in revenues.
growth-positive
Will AEVA's $50M LG Alliance Fast-Track Multi-Sector Growth?
Aeva Technologies has announced a $50 million partnership with LG Innotek, which includes a $32 million investment for a 6% stake in Aeva. This collaboration aims to integrate Aevas LiDAR technology with LGs production capabilities, initially focusing on passenger cars. The partnership will also explore expansion into robotics, industrial automation, and consumer electronics. By leveraging LGs manufacturing network, Aeva plans to scale its technology rapidly and reduce unit costs, facilitating entry into high-volume markets. This strategic move positions Aeva to accelerate commercialization and make advanced sensing technology more accessible.
PartnersInvestment
growth-negative
Westport Innovations (WPRT) Reports Q2 Loss, Tops Revenue Estimates
Westport Innovations reported a quarterly loss of $0.29 per share, aligning with the Zacks Consensus Estimate, an improvement from a $0.43 loss per share a year ago. The company, which specializes in natural-gas engine technology, posted revenues of $88.87 million, surpassing estimates by 20.50%. Despite this, Westports shares have underperformed the market, gaining only 6.7% compared to the S&P 500s 8.6% gain. The companys future stock performance will depend on managements commentary and earnings outlook. Currently, Westport holds a Zacks Rank #3 (Hold), indicating expected market-aligned performance.
growth-positive
Can AEVA's 4D Push Outpace INVZ's Automotive LiDAR Wins?
Aeva Technologies is a key player in the LiDAR market, focusing on expanding its 4D LiDAR technology beyond self-driving cars into infrastructure and industrial uses. The company has secured significant projects, such as equipping Tampa International Airport and partnering with Sandia National Laboratories. Aeva plans to increase its manufacturing capacity to 200,000 LiDAR units per year by 2026, aiming to become the exclusive 4D LiDAR supplier for Daimler Trucks Torc Robotics division. Despite its ambitious plans, Aeva faces financial challenges, with revenues of $3.4 million compared to Innovizs $17.4 million and a high cash burn rate. The company needs to convert its partnerships into steady income to sustain its growth.
PartnersExpandCustomers
growth-positive
Innoviz Sets Second Quarter 2025 Conference Call for Wednesday, August 13 at 9:00 a.m. ET
Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensors and perception software, announced it will release its earnings results for the second quarter of 2025 on August 13, 2025. The company will host a conference call and webinar to discuss its operational and financial results. Innoviz is recognized for its advanced LiDAR technology, which is used by premium car brands and other commercial and industrial leaders. The announcement includes forward-looking statements about the companys future operations and financial results, highlighting its commitment to advancing autonomous vehicle technology.
growth-positive
/PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ), (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high performance, automotive-grade...
Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensors and perception software, announced it will release its earnings results for Q2 2025 on August 13, 2025. The company will host a conference call and webinar to discuss its operational and financial results. Innoviz is recognized for its advanced LiDAR technology, which is used by top automotive manufacturers and other industries. The announcement includes forward-looking statements about the companys future performance and market opportunities. Innoviz operates globally and is committed to enhancing the safety of autonomous vehicles.
growth-positive
InnovizSMART Integrates NVIDIA Jetson Orin for Advanced Edge Computing
Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensors, has announced the integration of its InnovizSMART Long-Range LiDAR with the NVIDIA Jetson AGX Orin platform. This integration is expected to enhance the performance, speed, and scalability of smart applications by leveraging NVIDIAs accelerated computing capabilities. The collaboration aims to streamline data processing and enable real-time decision-making in various applications, including mobility, robotics, and intelligent traffic management. This strategic move is part of Innovizs commitment to providing developers with advanced tools for creating safer and more connected environments. The integration is already being utilized by certain customers, highlighting its practical application and potential for widespread adoption.
PartnersCustomers
growth-positive
/PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade...
Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensors, has announced the integration of its InnovizSMART Long-Range LiDAR with NVIDIAs Jetson AGX Orin platform. This collaboration aims to enhance the deployment of smart applications by leveraging NVIDIAs advanced AI processing capabilities. The integration is expected to improve speed, performance, and scalability for customers using Innovizs LiDAR solutions. This strategic move aligns with Innovizs commitment to providing cutting-edge tools for smart application developers, enabling real-time decision-making in various fields such as mobility, robotics, and intelligent traffic management. The partnership with NVIDIA is a significant step in Innovizs strategy to expand its product capabilities and market reach.
Partners
growth-positive
AEVA's Big LiDAR Bet: Is Mass Production Its Game Changer?
Aeva Technologies is significantly ramping up its production capabilities for LiDAR sensors, crucial for autonomous vehicles. The company plans to produce up to 200,000 units annually by setting up new production lines in North America. This expansion follows the strengthening of its partnership with Daimler Truck North America, where Aeva is the sole provider of 4D LiDAR sensors for Torc Robotics, Daimlers self-driving trucking division. The first Freightliner Cascadia trucks equipped with Aevas technology are already operational in Texas. This move positions Aeva as a key player in the self-driving technology sector, with plans to start large-scale production in late 2026. Shares of Aeva Technologies have surged nearly 550% this year.
Product StagePartnersExpandCustomers
growth-positive
Sparsh CCTV, Innoviz Technologies, and Cron AI Partner to Offer a Security and Intelligent Transport System (ITS) Solution Across India
Sparsh CCTV, Innoviz Technologies Ltd., and Cron AI have announced a collaboration to deploy an integrated LiDAR-camera-vision perception platform across India. This partnership aims to enhance perimeter and area monitoring for critical infrastructure, leveraging real-time, edge-native intelligence. The platform combines high-performance LiDAR, deep-learning perception, and vision analytics to deliver insights into vehicle movement, pedestrian safety, and perimeter activity. Sparsh CCTV will lead the go-to-market efforts and explore local manufacturing. The collaboration is expected to capitalize on Indias growing perimeter security and intelligent transport markets, representing significant scaling potential through 2030.
Partners
growth-positive
AEVA's Sandia Deal is Big, but Can it Justify the Stock Surge?
Aeva Technologies has announced a significant partnership with Sandia National Laboratories to enhance security at U.S. nuclear reactor facilities using its advanced 4D LiDAR system. This partnership is a major endorsement of Aevas technology, which can detect intruders in challenging environments. The companys stock has surged nearly 800% since October, raising questions about its high valuation, especially compared to competitors like Ouster and Innoviz Technologies. Despite its current market value of $1.5 billion, Aevas financial performance lags behind its peers, with first-quarter 2025 revenue of $3.4 million. However, the company has secured a $50 million deal with a Fortune 500 company, indicating strong industrial interest.
PartnersCustomers
growth-positive
/PRNewswire/ -- Sparsh CCTV, one of India's leading manufacturers of smart cameras and integrated surveillance solutions with multiple government and...
Innoviz Technologies, Sparsh CCTV, and Cron AI have announced a partnership to deploy an integrated LiDAR-camera-vision perception platform across India. This collaboration aims to enhance perimeter and area monitoring for critical infrastructure, transport, and railways. The partnership leverages Innovizs LiDAR technology, Cron AIs deep learning 3D perception, and Sparshs extensive network and manufacturing capabilities. The platform is designed to operate in challenging Indian environments, providing real-time, edge-native intelligence without relying on cloud infrastructure. This initiative is expected to capitalize on Indias growing perimeter security and intelligent transport markets, offering significant scaling potential through 2030.
Partners
growth-positive
Innoviz Technologies Ships First InnovizTwo LiDAR Units from Fabrinet's High-Volume Production Line
Innoviz Technologies Ltd., a leading supplier of LiDAR sensors and perception software, has achieved a significant production milestone with the shipment of its first InnovizTwo LiDAR units from Fabrinets high-volume production line. This marks a critical step in Innovizs journey to mass-produce its LiDAR technology for the autonomous vehicle industry. The collaboration with Fabrinet, Innovizs chosen manufacturing partner, ensures that production meets rigorous quality standards. This milestone positions Innoviz to efficiently scale operations and meet the growing demand for autonomous vehicle solutions globally. The partnership with Fabrinet, which has a global manufacturing footprint, enables Innoviz to produce at volume efficiently and cost-effectively.
PartnersProduct Stage
growth-positive
/PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 supplier of high-performance, automotive-grade LiDAR...
Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensors, has achieved a significant production milestone by shipping the first InnovizTwo LiDAR units from Fabrinets high-volume production line. This marks a crucial step in Innovizs journey to mass-produce its LiDAR technology for the autonomous vehicle industry. The collaboration with Fabrinet, Innovizs chosen manufacturing partner, ensures that production meets rigorous quality standards. This development positions Innoviz to efficiently scale operations and meet the growing demand for autonomous vehicle solutions. The partnership with Fabrinet, which has a global manufacturing presence, is expected to bring economic benefits and compliance with high automotive-grade standards.
PartnersProduct Stage
growth-positive
/PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ), (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high performance, automotive-grade...
Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensors and perception software, has regained compliance with Nasdaqs minimum bid price requirement. The companys shares maintained a closing bid price of at least $1.00 for 10 consecutive business days, meeting the criteria set by Nasdaq. Innoviz is recognized for its advanced LiDAR technology, which is used by premium car brands and other commercial and industrial leaders globally. The company is committed to enhancing safety in autonomous vehicles and operates across the U.S., Europe, and Asia. This development is a positive step for Innoviz, reinforcing its position in the market.
growth-positive
Why AEVA's Eve-1 Sensor Is Gaining Ground in Smart Industry
Aeva Technologies is transforming the industrial sensing landscape with its Eve-1 sensor, which uses FMCW technology to detect not only distance but also tiny vibrations with high precision. This capability is being integrated into equipment by companies like SICK AG and LMI Technologies, marking the sensors commercial success. Originally designed for automotive use, Aeva adapted the sensor for industrial applications, allowing it to enter a new market with strong margins. This strategic move positions Aeva as a key player in industrial markets, expanding its reach beyond automotive technology.
growth-positive
Innoviz Regains Compliance with Nasdaq's Minimum Bid Price Requirement
Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensors and perception software, has regained compliance with Nasdaqs minimum bid price requirement. The company achieved this by maintaining a closing bid price of at least $1.00 for 10 consecutive business days, meeting the deadline set for September 22, 2025. This compliance is a positive development for Innoviz, as it ensures the continued listing of its shares on Nasdaq. Innoviz is recognized for its advanced LiDAR technology, which is used by premium car brands and other commercial and industrial leaders globally. The company operates across the U.S., Europe, and Asia, contributing to the advancement of safe autonomous vehicles.
This Lidar Leader Is Up 108% on a Red-Hot Run
The provided text appears to be instructions or a guide on how to use chart settings and options in a software or online platform. It describes how users can save their chart setup as a template, switch market flags for targeted data, and access more chart options through an interactive menu. The text does not mention any specific company, investment, acquisition, or other business-related events.
This Options Tool Can Show You How to Trade Tesla Stock Ahead of Robotaxi Day
The article provides instructions on how to customize chart settings for targeted data from different countries. It explains how users can save their setup as Chart Templates and switch the Market flag to access data specific to their country of choice. Additionally, it guides users on how to access more chart options by right-clicking to open the Interactive Chart menu and using arrow keys to navigate through symbols.
growth-positive
Innoviz Technologies and Cogniteam Partner to Deliver Advanced Safety and Security Solutions with InnovizSMART and Cogniteam's Analytics
Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensors, has announced a partnership with Cogniteam Ltd., an AIoT and robotics cloud platform. This collaboration integrates Innovizs InnovizSMART Long-Range LiDAR with Cogniteams AI-driven analytics to offer a comprehensive security solution. The combined system enhances real-time safety and threat detection capabilities, providing instant notifications to users. This partnership aims to deliver a scalable, intelligent solution for various industries, focusing on improving safety and security. The InnovizSMART LiDAR is designed for smart applications, featuring long-range capabilities and high-resolution detection.
Partners
growth-positive
Innoviz Technologies Awarded Top 5 Passenger OEM Development Program for L3 Global-Production Vehicle Platform
Innoviz Technologies Ltd. has signed a Statement of Development Work agreement with a top 5 passenger automotive manufacturer to supply advanced LiDAR units for the OEMs Level 3 highly automated series-production program, with a start of production planned for 2027. The agreement involves developing hardware and software modifications for InnovizTwo LiDAR to ensure seamless integration into the OEMs vehicle system, supporting the OEMs next-generation eyes-off driving system. This partnership reinforces Innovizs position as a preferred technology partner for global OEMs in the autonomous driving sector.
PartnersProduct Stage
growth-positive
Innoviz Technologies Launches InnovizSMART, Bringing Automotive-Grade LiDAR Performance to Security, Mobility, Aerial, Robotics & Intelligent Traffic Management Applications
Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensors, has launched InnovizSMART Long-Range, a new high-performance LiDAR sensor designed for smart applications such as security, urban mobility, aerial, robotics, and intelligent traffic management. The product offers long-range detection of up to 400 meters, high-resolution 3D point cloud, and Power over Ethernet (PoE) support, making it easy to deploy and maintain in urban environments. InnovizSMART is built on the same technological foundation as Innovizs automotive solutions, ensuring reliability and privacy-conscious design. This launch is expected to positively impact Innoviz by expanding its product offerings into the smart infrastructure space.
Product Stage
growth-positive
/PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive-grade...
Innoviz Technologies Ltd. has announced the launch of InnovizSMART Long-Range, a high-performance LiDAR sensor designed for smart applications such as security, urban mobility, aerial, robotics, and intelligent traffic management. The product offers long-range detection up to 400 meters, resilience to environmental conditions, and privacy-conscious data capture. It features Power over Ethernet (PoE) for simplified installation and reduced infrastructure costs. InnovizSMART is built on the same technological foundation as Innovizs automotive solutions, providing a reliable tool for cities and solution providers. The launch is expected to positively impact Innoviz by expanding its product offerings into the smart infrastructure space.
Product Stage
growth-positive
Innoviz Reports First Quarter 2025 Results
Innoviz Technologies Ltd. reported record revenues and gross margins, indicating strong progress toward its 2025 targets. The company is accelerating LiDAR shipments to Volkswagen for autonomous fleet deployments, supported by a partnership with Fabrinet for volume production. Innoviz expanded its NRE payment plan to $95 million, reflecting customer commitment to its InnovizTwo platform. The company is gaining momentum with NVIDIA and Mobileye, and is well-positioned to become a leading supplier of LiDAR solutions for autonomous driving. The article highlights Innovizs strategic partnerships, financial strength, and expanding production capacity.
CustomersPartnersProduct Stage
growth-positive
Innoviz Technologies Accelerates Delivery of Newly Designed LiDAR Platform to Volkswagen Autonomous Mobility to Equip a Fleet of ID. Buzz AD Shuttles in 2025
Innoviz Technologies Ltd. has announced an expansion of its collaboration with Volkswagen Autonomous Mobility to integrate InnovizTwo LiDAR units into Volkswagens ID. Buzz AD autonomous shuttle platform. This partnership aims to accelerate the deployment of Level 4 autonomous shuttles across Europe and the U.S. by 2026. Innoviz will provide nine LiDAR units per vehicle, enhancing the vehicles 360° sensing capabilities for safer urban navigation. The collaboration is supported by a partnership with Fabrinet for mass production of the InnovizTwo LiDAR platform, indicating readiness for scaled manufacturing. This development strengthens Innovizs position in the autonomous vehicle market and supports Volkswagens expansion plans.
PartnersExpand
growth-positive
Innoviz Announces Expansion of Multi-Year NRE Payment Plan with Key Customers to Approximately $95 Million from $80 Million
Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensors and perception software, has announced an expansion of its multi-year Non-Recurring Engineering (NRE) payment plan. This expansion is expected to increase the total cash payments from $80 million to approximately $95 million between 2025 and 2027, enhancing the companys financial position. The payments are a result of development activities for existing customers and will be incremental to revenues from ongoing sales. Innoviz is preparing for the start of production for several projects in 2026 and has partnered with Fabrinet to launch mass production of the InnovizTwo LiDAR platform. This partnership will help Innoviz efficiently scale production to meet customer demands. The company will release its Q1 2025 earnings on May 14, 2025.
CustomersPartnersProduct Stage
Neutral
/PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ), (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high performance, automotive-grade...
Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensors and perception software, announced it will release its earnings results for the first quarter ended March 31, 2025, on May 14, 2025. The company will host a conference call and webinar to discuss its operational and financial results, followed by a Q&A session for the investment community. Innoviz is recognized for its LiDAR technology, which is used by premium car brands and other commercial and industrial leaders. The company operates across the U.S., Europe, and Asia, aiming to enhance safety in autonomous vehicles.
growth-positive
Innoviz Sets First Quarter 2025 Conference Call for Wednesday, May 14 at 9:00 a.m. ET
Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensors and perception software, announced it will release its earnings results for the first quarter ended March 31, 2025, on May 14, 2025. The company will host a conference call and webinar to discuss its operational and financial results, followed by a Q&A session for the investment community. Innoviz is recognized for its contributions to the automotive industry, particularly in enhancing the safety and performance of autonomous vehicles. The company operates globally and has been selected by premium car brands and other commercial leaders for various applications.
growth-positive
Innoviz Technologies Partners with Fabrinet to Launch InnovizTwo Mass Production
Innoviz Technologies Ltd. has announced a strategic partnership with Fabrinet to manufacture its InnovizTwo LiDAR product platform. This partnership will enable Innoviz to scale production efficiently and cost-effectively, leveraging Fabrinets expertise in automotive-grade manufacturing. The collaboration is expected to help Innoviz meet customer demands faster and maintain high automotive-grade standards. Fabrinets global manufacturing footprint will support Innoviz in mass-producing its LiDAR technology, allowing the company to focus on designing cutting-edge products while offering competitive pricing to automotive OEMs.
Partners
growth-positive
אינוויז תייצר אצל קבלנית הייצור פברינט - Techtime - חדשות אלקטרוניקה והייטק
Innoviz has signed a manufacturing agreement with Fabrinet, a global manufacturing contractor specializing in complex optical components, particularly in the automotive market. Innoviz will produce its InnovizTwo sensor and other short and medium-range sensors at Fabrinets facilities, including a plant in Yokneam, Israel. The InnovizTwo sensor is designed for various levels of autonomous driving systems and will be integrated into several vehicle models, including Volkswagens autonomous ID Buzz minivan. This partnership is expected to enhance Innovizs production capabilities and market reach in the autonomous vehicle sector.
Partners
growth-positive
/PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 supplier of high-performance, automotive-grade LiDAR...
Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensors, has announced a strategic partnership with Fabrinet for the manufacturing of its InnovizTwo LiDAR platform. This partnership is expected to enable Innoviz to scale production efficiently and cost-effectively, leveraging Fabrinets expertise in automotive-grade manufacturing. The collaboration will focus on mass production of both long-range and short- to mid-range LiDAR solutions, meeting high automotive standards. This move is seen as a significant milestone for Innoviz, allowing it to focus on its core strength of designing advanced LiDAR technology while benefiting from Fabrinets manufacturing capabilities.
Partners
growth-negative
Innoviz Announces Receipt of Nasdaq Non-Compliance Letter
Innoviz Technologies Ltd., a leading supplier of LiDAR sensors and perception software, has received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement, as its shares have closed below $1.00 for 30 consecutive business days. The company has been granted a 180-day grace period, until September 22, 2025, to regain compliance by achieving a closing bid price of $1.00 or higher for at least ten consecutive trading days. Innoviz intends to monitor its share price and explore options to meet the Nasdaq requirements. The company is a Tier-1 supplier to major automotive manufacturers, focusing on LiDAR technology for autonomous vehicles.
growth-positive
Innoviz Technologies Ltd (INVZ) Q4 2024 Earnings Call Highlights: Strong Revenue Growth and ...
Innoviz Technologies Ltd reported strong financial performance in 2024, with revenues of $24.3 million, surpassing their guidance midpoint. The company reduced cash usage in operations and capital expenditures and entered an $80 million NRE payments plan with key customers. Innoviz completed a registered direct offering, raising approximately $40 million. An operational optimization is expected to save $12 million annually. Despite these positives, the company faces risks, including potential tariff implications and uncertainties in achieving key milestones like the C sample phase. The company is working on reducing cash burn and improving free cash flow, with positive contributions from NREs.
CustomersPIPE/POProduct Stage
growth-negative
Innoviz Technologies Full Year 2024 Earnings: In Line With Expectations
Innoviz Technologies reported a revenue of $24.3 million, marking a 16% increase from the previous fiscal year. Despite a net loss of $94.8 million, the loss has narrowed by 23% compared to FY 2023. The companys earnings per share improved from a $0.84 loss to a $0.57 loss. Analysts expect the companys revenue to grow by 70% annually over the next three years, significantly outpacing the 7.3% growth forecast for the US electronic industry. However, the companys shares have dropped by 21% over the past week, and there are three warning signs identified for Innoviz Technologies, two of which are potentially serious.
growth-positive
/PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high performance, automotive-grade...
Innoviz Technologies Ltd. has announced significant partnerships with Mobileye and NVIDIA, positioning itself for growth in the LiDAR market. The company has secured an $80 million NRE payment plan with key customers and completed a $40 million registered direct offering, enhancing its financial position. Innoviz aims for $50-$60 million in revenue by 2025, with SOPs planned for 2026 and volume production in 2027. The integration of Innoviz LiDARs into Mobileyes autonomous driving platform and NVIDIAs Hyperion 8 platform highlights its technological advancements. The company is optimizing operations to save $12 million annually and accelerate profitability.
PartnersPIPE/POCustomers
growth-positive
Innoviz Reports Fourth Quarter and Full Year 2024 Results
Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensors and perception software, has announced significant developments that position it for future growth. The company has secured partnerships with Mobileye and NVIDIA, enhancing its business scale and opportunities with new OEMs. Innoviz has also entered into an $80 million NRE payment plan with key customers, with significant payments expected in 2025 and 2026. Additionally, a registered direct offering raised $40 million, strengthening its financial position. The company is targeting revenues of $50-$60 million in 2025 and plans to optimize operations to save $12 million annually. Innovizs LiDAR technology will be integrated into Mobileyes autonomous driving platform, and its perception software demonstrated integration with NVIDIAs platform. These developments are expected to accelerate Innovizs path to profitability and enhance its competitive advantage.
PartnersInvestmentPIPE/POCustomers
growth-positive
Innoviz Announces Pricing of $40 Million Registered Direct Offering
Innoviz Technologies Ltd., a leading supplier of LiDAR sensors and perception software, has announced a securities purchase agreement with institutional investors. The agreement involves the sale of 28,776,978 units at $1.39 per unit, each consisting of one ordinary share and eight-tenths of a warrant to purchase one ordinary share. The warrants are exercisable at $1.69 per share and expire five years from issuance. The offering is expected to close on February 11, 2025, with gross proceeds of approximately $40 million. The funds will be used for general business purposes. WestPark Capital, Inc. is the sole placement agent, and the offering is made via a prospectus filed with the SEC.
PIPE
growth-positive
/PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ), (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high performance, automotive-grade...
Innoviz Technologies Ltd., a leading supplier of LiDAR sensors and perception software, announced its upcoming earnings release for Q4 and full year 2024, scheduled for February 26, 2025. The company highlighted a multi-year, $80 million NRE payment plan with key customers, expecting $40 million in cash payments in 2025. Innoviz also announced a partnership with Mobileye to integrate its LiDARs into the Mobileye Drive platform. The companys perception software is optimized for NVIDIAs DRIVE AGX Orin platform. Innoviz aims to accelerate profitability and free cash flow generation through operational optimization in 2025. The companys cash position was $68 million as of December 31, 2024.
CustomersPartners
growth-positive
Innoviz Sets Fourth Quarter and Full Year 2024 Conference Call for Wednesday, February 26 at 9:00 a.m. ET
Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensors and perception software, announced its plans to release earnings results for Q4 and the full year ending December 31, 2024, on February 26, 2025. The company will host a conference call to discuss its operational and financial results. Innoviz has secured a multi-year $80 million NRE payment plan with key customers, with $40 million expected in 2025. Additionally, Mobileye will integrate Innoviz LiDARs into its platform, and Innovizs software is optimized for NVIDIAs platform. The company aims to accelerate profitability and cash flow generation by optimizing operations in early 2025. Innoviz holds a cash position of $68 million as of December 31, 2024.
CustomersPartners
Innoviz Announces Optimization of Operations to Accelerate Path to Profitability
growth-negative
Lidar manufacturer reduces expenses by $12 million but still faces investor disappointment and slow revenue growth.
Innoviz, an Israeli lidar manufacturer, is facing investor disappointment due to slow revenue growth and has announced a layoff of 9% of its workforce, affecting about 40 employees. Despite reducing expenses by $12 million, the company struggles with generating significant revenue and has recorded substantial losses. Innoviz has contracts with companies like Mobileye and Volkswagen but relies heavily on NRE agreements for income. The company recently secured $80 million in development funding, with $40 million expected in 2025, to fulfill customer commitments and avoid cash flow issues. Innovizs stock has suffered, trading at $250 million, down from its initial $1.4 billion valuation after going public via a SPAC.
LayoffsInvestmentCustomersPartnersPIPE/PO
growth-positive
Here's Why We're Watching Innoviz Technologies' (NASDAQ:INVZ) Cash Burn Situation
Innoviz Technologies, a company listed on NASDAQ under the ticker INVZ, is experiencing significant operating revenue growth of 340% despite its ongoing cash burn issues. As of September 2024, the company had $88 million in cash and no debt, providing a cash runway of approximately 14 months. Although the company reduced its cash burn by 35% over the last year, its cash burn rate remains notable at $77 million, which is about 29% of its $261 million market capitalization. This situation could lead to shareholder dilution if the company decides to raise additional capital through equity to sustain its operations.
growth-positive
Innoviz, in Collaboration with NVIDIA, Showcasing Cutting-Edge Perception Software with NVIDIA DRIVE AGX Orin at CES 2025, Unveiling New Software-Driven Features
Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensors and perception software, has announced its latest technological advancements to be showcased at CES 2025. The company is collaborating with NVIDIA to enhance its perception software, which runs on the NVIDIA DRIVE AGX Orin platform. This partnership aims to accelerate the development of autonomous driving applications by offering real-time processing and advanced object detection capabilities. Innovizs technology is designed to improve safety and performance in autonomous driving and advanced driver-assistance systems (ADAS). The collaboration with NVIDIA represents a significant step forward in the industry, enabling automakers to scale from L2+ ADAS to fully autonomous vehicles.
Partners
growth-positive
Innoviz Technologies Ltd. (INVZ): A Bull Case Theory
Innoviz Technologies Ltd. (NASDAQ:INVZ), an Israeli company specializing in LiDAR sensors for autonomous vehicles, has shown signs of stabilization and improvement after going public via a SPAC transaction. Initially listed at a $1.4 billion valuation, the companys stock has significantly declined, resulting in a market cap of around $115 million. Despite this, recent trading activity and analyst interest suggest potential for a turnaround. Innovizs financials are improving, with narrowing cash flow deficits and a positive trajectory in net income. With $45 million in cash, the company is well-positioned for its growth strategy. Analysts have set a price target of $1.77 per share, indicating upside potential. Innovizs technology holds promise for the autonomous vehicle industry, making it an intriguing long-term investment opportunity.
Public Trading
growth-positive
Innoviz Regains Compliance with Nasdaq's Minimum Bid Price Requirement
Innoviz Technologies Ltd., a leading supplier of LiDAR sensors and perception software, has regained compliance with Nasdaqs minimum bid price requirement. The companys shares maintained a closing bid price of at least $1.00 for 10 consecutive business days, meeting the deadline set for January 27, 2025. This compliance is a positive development for Innoviz, as it ensures continued listing on Nasdaq. Innoviz is recognized for its advanced LiDAR technology, which is used by top automotive manufacturers and other industries globally. The company operates across the U.S., Europe, and Asia, and aims to enhance safety in autonomous vehicles.
growth-positive
Innoviz Bolsters Financial Position with Approx. $80M through Multi-Year NRE Payment Plan with Key Customers
Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensors, announced a multi-year Non-Recurring Engineering (NRE) payment plan totaling approximately $80 million with key existing customers. These payments, expected between 2025 and 2027, will bolster Innovizs financial position. Over $40 million is anticipated in 2025, with additional amounts in subsequent years. The NRE payments, alongside ongoing sales of LiDAR products, will enhance Innovizs financial foundation and support its operations as it prepares for the production of autonomous vehicle components in 2026. Innovizs CEO, Omer Keilaf, emphasized the strategic importance of these payments in funding operations and meeting customer demands. The company will provide further financial guidance in its 2024 earnings call.
Customers
growth-positive
Innoviz Technologies upgraded to Buy from Neutral at Rosenblatt
Innoviz Technologies has been upgraded to a Buy rating from Neutral by Rosenblatt, with a price target of $4. The upgrade is attributed to Innovizs strategic positioning in the automotive LiDAR market, particularly through its partnership with Mobileye. The companys bundle offering of short and long-range LiDAR is seen as a competitive advantage, potentially reducing costs for manufacturers. Rosenblatt anticipates 2025 as a pivotal year for Innoviz, transitioning from prototype to volume production by 2026. The partnership with Mobileye is expected to enhance Innovizs market position, although specific terms of the partnership were not disclosed.
Partners
growth-positive
Innoviz Technologies Gears Up for CES 2025: Showcasing the Future of Automotive LiDAR with Global OEM Leaders
Innoviz Technologies Ltd. announced its participation in CES 2025, where it will showcase its latest LiDAR technology. The company has partnered with Mobileye to integrate its LiDARs into the Mobileye Drive™ autonomous vehicle platform. This partnership has been adopted by several automakers, including Volkswagen Commercial Vehicles and others. At CES, Innoviz will display the BMW i7 and Volkswagen ID. Buzz, both equipped with its LiDAR solutions, demonstrating the companys advancements in autonomous vehicle technology. The event will feature live demonstrations of Innovizs short and long-range LiDARs, highlighting their role in enhancing vehicle safety and innovation.
PartnersCustomers
growth-positive
/PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 supplier of high-performance, automotive grade LiDAR...
Innoviz Technologies Ltd., a leading supplier of LiDAR sensors and perception software, announced its participation in CES 2025, scheduled for January 7-10 in Las Vegas. The company will showcase its latest LiDAR technology, including the BMW i7 and Volkswagen ID. Buzz equipped with Innoviz LiDARs. Innoviz has partnered with Mobileye to integrate its LiDARs into the Mobileye Drive autonomous vehicle platform, which has been adopted by several automakers. The event will feature live demonstrations and opportunities to meet Innovizs management team. This participation highlights Innovizs commitment to advancing autonomous vehicle technology and expanding its market presence.
Partners
growth-positive
Mobileye to Use Innoviz LiDARs for its Mobileye Drive™ AV Platform
Mobileye has announced a partnership with Innoviz Technologies to integrate Innovizs LiDAR technology into the Mobileye Drive™ platform, enhancing its autonomous vehicle capabilities. This collaboration will see the deployment of Mobileyes autonomous driving system with major vehicle producers globally, including VW Commercial Vehicles, Schaeffler / VDL, Holon, and Verne. The integration aims to improve scalability and reduce complexity for current and future customers. The Start of Production is set for 2026. This partnership highlights the flexibility and capability of Innovizs LiDARs in supporting Level 4 autonomous driving solutions, marking a significant step towards safer and more efficient transportation.
PartnersCustomers
growth-positive
תשעה חיישני InnovizTwo LiDAR ישולבו בכל רכב אוטונומי של יצרנית רכב
Innoviz Technologies, a LiDAR technology provider, reported significant technological advancements in the third quarter of 2024, particularly in autonomous vehicle infrastructure. The company has partnered with a global Level 4 platform to supply nine InnovizTwo LiDAR sensors per autonomous vehicle, with commercial production expected in 2026. Innoviz is also progressing in projects with Volkswagen Group, including Level 3 and Level 4 programs and the ID. Buzz project in Hamburg by 2025. The company reported a 28.6% increase in revenue to $4.5 million for Q3 2024 compared to the same period in 2023. Operating expenses decreased by 6.4%, and cash burn was reduced significantly. Innoviz aims for annual revenues between $23.5-25 million and seeks new NRE orders worth $20-70 million by year-end.
PartnersCustomers
growth-negative
Innoviz Technologies Third Quarter 2024 Earnings: EPS Misses Expectations
Innoviz Technologies reported a revenue of $4.52 million for the trailing 12-month period, marking a 30% increase from the third quarter of 2023. Despite this growth, the company posted a net loss of $24.9 million, although this loss has narrowed by 8% compared to the previous quarter. The earnings per share (EPS) was a loss of $0.15, which was an improvement from the $0.18 loss in the prior quarter but still missed analyst estimates by 7.1%. Looking forward, the company is expected to grow its revenue by 64% annually over the next three years, significantly outpacing the 7.3% growth forecast for the US electronic industry. However, the companys shares have fallen by 23% over the past week, and there are four warning signs in their investment analysis.
growth-positive
Innoviz Reports Third Quarter 2024 Results
Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensors, announced significant commercial and strategic updates. The company entered two new OEM programs through an agreement with a Level 4 platform partner, with production expected in 2026. Innoviz also progressed its partnerships with Volkswagen Group, including the Cariad Level 3 program and the ID. Buzz Level 4 vehicle program. The company reported $4.5 million in Q3 revenue, exceeding guidance, and reduced cash burn. Innoviz is advancing its pipeline of RFIs and RFQs with several top ten OEMs, which could lead to strong revenue growth. The ID. Buzz is set to be deployed in Hamburg in 2025 as part of an autonomous ridepooling project.
CustomersPartners
growth-negative
US Penny Stocks To Watch This November 2024
ARB IOT Group Limited, a Malaysia-based company specializing in Internet of Things (IoT) solutions, is facing significant financial challenges. Despite being debt-free and having short-term assets exceeding liabilities, the company reported a substantial net loss of MYR 55 million for the year ending June 30, 2024. This marks a significant decline from the previous years net income, reflecting a large rate of earnings decline over five years. The companys market cap stands at $21.50 million, and it is trading near its fair value estimate, suggesting potential undervaluation. However, high volatility and lack of profitability are concerning for investors seeking stability in penny stocks.
Customers
growth-positive
Innoviz Sets Third Quarter 2024 Conference Call for Wednesday, November 13 at 9:00 a.m. ET
Innoviz Technologies Ltd., a leading supplier of LiDAR sensors and perception software, announced it will release its third-quarter earnings results for the period ending September 30, 2024, on November 13, 2024. The company will host a conference call and webinar to discuss its operational and financial results, followed by a Q&A session for investors. Innoviz is recognized for its advanced LiDAR technology, which enhances safety and performance in autonomous vehicles. The company operates globally, serving premium automotive manufacturers and various industrial sectors. The announcement is expected to positively impact the companys growth as it continues to expand its market presence.
growth-positive
Innoviz Technologies Ltd (INVZ) Q2 2024 Earnings Call Highlights: Surpassing Revenue ...
Innoviz Technologies Ltd reported a strong Q2 2024 with revenues of $6.7 million, exceeding the guidance range. The company secured a significant agreement with a major platform partner for supplying LiDAR technology for Level 4 autonomous driving platforms, which is expected to boost growth. Additionally, Innoviz announced a partnership with The Indoor Lab to provide LiDARs for airport analytics, marking an expansion into non-automotive markets. Despite the positive revenue performance, the guidance for Q3 2024 is lower, indicating potential challenges. The company has successfully reduced its cash burn and operational expenses, while continuing to enhance its technology offerings. The financial performance remains reliant on NRE revenues, which can be inconsistent.
PartnersCustomers
Growth-Positive
Innoviz Technologies Second Quarter 2024 Earnings: Beats Expectations
Innoviz Technologies reported its second quarter 2024 results, with revenue of $6.66m, up 355% from the same period in 2023. The companys net loss narrowed by 32% to $21.2m, and the loss per share improved from $0.23 to $0.13. Both revenue and earnings per share exceeded analyst estimates by 45% and 13% respectively. The companys shares are down 1.8% from a week ago. Looking ahead, revenue is forecast to grow 53% per annum on average over the next three years.
Investment
growth-positive
Innoviz Reports Second Quarter 2024 Results
Innoviz Technologies Ltd., a leading supplier of LiDAR sensors and perception software, has announced its Q2 2024 revenues of $6.7 million, exceeding the previous guidance range of $4-$5 million. The company also announced a significant agreement with a major platform partner to supply a bundle of InnovizTwo short- and long-range LiDARs to their Level 4 autonomous platform. Innoviz has also expanded its product offerings to include short-range LiDAR, unlocking additional pipeline opportunities. The company expects these developments to lead to significant volume generation more quickly.
PartnersExpand
growth-positive
Innoviz Technologies' LiDARs to Be Deployed Across Major International Airports in the United States by The Indoor Lab to Improve Passenger Safety and Operational Efficiency Using AI Capabilities
Innoviz Technologies, a global leader in LiDAR technology, has entered into a distribution agreement with The Indoor Lab, a leader in non-automotive LiDAR analytics. The Indoor Lab will begin installations of InnovizTwo LiDARs at some of the fastest growing airports in the US, including Denver, Tampa, and Nashville International airports. The collaboration aims to provide airport partners with exceptional visibility and data analytics to create a safer and more efficient environment for travelers. The Indoor Lab will use InnovizTwo LiDARs for end-to-end airport operational and safety management using machine learning and AI capabilities.
PartnersExpand
Growth-Negative
Innoviz Announces Receipt of Nasdaq Non-Compliance Letter
Innoviz Technologies, a leading supplier of LiDAR sensors and perception software, has received a notification from the Nasdaq Stock Market indicating that it no longer satisfies the Nasdaq Listing Rule 5450(a)(1) due to a closing bid price of less than $1.00 per share for the prior 30 consecutive business day period. The company has been given a grace period of 180 days to meet the minimum bid price requirement. If the company fails to regain compliance within this period, it may be eligible for an additional 180-day grace period.
Public Trading
Growth-Positive
Innoviz Sets Second Quarter 2024 Conference Call for Wednesday, August 7 at 9:00 a.m. ET
Innoviz Technologies Ltd., a leading supplier of high-performance, automotive-grade LiDAR sensors and perception software, has announced that it will release its earnings results for the second quarter ended June 30, 2024, on Wednesday, August 7, 2024. The company will host a conference call and webinar on the same day to discuss its operational and financial results. Innoviz is a global leader in LiDAR technology, serving as a Tier-1 direct supplier to the worlds leading automotive manufacturers and working towards a future with safe autonomous vehicles on the worlds roads.
Investment
growth-positive
Innoviz Technologies and Major OEM Collaborate on New Short-Range LiDAR for L4 Autonomous Vehicles
Innoviz Technologies Ltd., a leading supplier of high-performance automotive-grade LiDAR sensors and perception software, has announced a collaboration with an unnamed automotive OEM to advance its L4 autonomous vehicle capabilities. The agreement will see Innovizs new short-range LiDARs integrated into the OEMs Level 4 autonomous driving platform. The company expects the collaboration to result in a series production nomination in the coming months. The new short-range design is based on InnovizTwo Long-Range architecture and is designed to meet the requirements for light commercial vehicles, shuttles, robotaxis, and trucks.
Partners
growth-positive
Innoviz Technologies Releases its First Impact Report
Innoviz Technologies Ltd., a leading supplier of high-performance, automotive-grade LiDAR sensors and perception software, has released its first Impact Report. The report covers the companys initiatives and activities for 2022 to 2023, highlighting Innovizs commitment to social impact, sustainable operations, and responsible business practices. The report also outlines the companys core values and strategic efforts to empower the company, its employees, partners, and local communities. The CEO of Innoviz Technologies, Omer Keilaf, emphasized the companys mission to not only do less harm but to do good by creating safe and unique technology.
Partners
growth-negative
We're Keeping An Eye On Innoviz Technologies' (NASDAQ:INVZ) Cash Burn Rate
Innoviz Technologies, a software-as-a-service business, has been burning cash at a high rate, raising concerns among shareholders. As of March 2024, the company had a cash reserve of US$123m and a cash burn of US$94m over the trailing twelve months, giving it a cash runway of around 16 months. However, analysts predict that the company will break even in about four years. Despite reducing its cash burn by 19% over the last year and seeing a 412% growth in operating revenue, the companys cash burn relative to its market cap is worrying. The company may need to raise more capital to fund its operations.
Investment
growth-positive
Innoviz Collaborating with Ecomotion Community to Host the Annual Assembly
Innoviz Technologies, a leading supplier of high-performance LiDAR sensors and perception software, announced it will host the EcoMotion Assembly 2024 at its global headquarters. The event will focus on Mobility innovation in times of disruption and will be attended by visitors from across the global industry. Innoviz has been instrumental in BMW achieving Level 3 autonomy this year and is also working with Volkswagen to advance autonomous capabilities. The companys hosting of the EcoMotion Assembly underscores its commitment to fostering collaboration and driving innovation in the mobility sector.
PartnersCustomers
growth-positive
Innoviz Reports First-Quarter 2024 Results, Exceeds Revenue Guidance for Second Consecutive Quarter and Expands Key Partner and Customer Relationships
Innoviz Technologies Ltd., a leading supplier of LiDAR sensors and perception software, reported Q1 2024 revenues of $7.1 million, exceeding its guidance range of $5-$6 million. The company also reiterated its full year 2024 operational targets. Innoviz has expanded its relationships with key partners and customers, and is collaborating with Volkswagen Group and Mobileye on an additional level 3 program. The company is also working on program expansion opportunities through collaborations with Qualcomm and Nvidia. Innovizs CEO, Omer Keilaf, remains optimistic about the LiDAR sector and expects Innoviz to cement its place as a leading LiDAR supplier.
CustomersPartnersExpand
growth-positive
While institutions invested in Innoviz Technologies Ltd. (NASDAQ:INVZ) benefited from last week's 13% gain, retail investors stood to gain the most
Retail investors hold the majority stake in Innoviz Technologies Ltd. with 55% of the shares. This implies that the general public has significant control over the company and can influence management and governance-related decisions. Institutional ownership in the company is at 37%, indicating a certain degree of credibility in the investment community. The companys largest shareholder is Fifthdelta Ltd, owning 5.3% of the shares. CEO Omer Keilaf owns 1.7% of the companys shares. The top 25 shareholders own less than 50% of the shares, indicating that no single individual has a majority interest.
Investment
growth-positive
Innoviz Reaches a Key Milestone with Successful Winter Test of InnovizTwo LiDAR and AI-Powered Perception Software, Showcasing Significant Progress and New Opportunities
Innoviz Technologies Ltd., a leading supplier of LiDAR sensors and perception software, has successfully completed an 18-day winter test of its InnovizTwo LiDAR and Perception Software. The test, which took place across ten countries, demonstrated the products effective performance in extreme winter conditions. The data and insights gathered will be used to improve Innovizs AI-backed software and hardware solutions. The successful test results underscore Innovizs commitment to building top-tier technology for advanced autonomous driving. By 2030, approximately 10 million LiDAR scanners are expected to be sold globally in the automotive market.
Customers
Neutral
Innoviz Sets First Quarter 2024 Conference Call for Wednesday, May 8 at 9:00 a.m. ET
Innoviz Technologies Ltd., a leading supplier of high-performance, automotive-grade LiDAR sensors and perception software, has announced that it will release its earnings results for the first quarter ended March 31, 2024 on Wednesday, May 8, 2024. The company will host a conference call and webinar on the same day to discuss its operational and financial results. Investors are invited to attend by registering in advance. A replay of the webinar will also be available on the companys website for 90 days.
growth-positive
Innoviz Reports Fourth Quarter and Full Year 2023 Results, Exceeding Revenue Guidance
Innoviz Technologies Ltd., a leading supplier of LiDAR sensors and perception software, reported strong financial results for Q4 and full year 2023, exceeding guidance with revenues of approximately $15M and $21M respectively. The company also announced strategic updates, including partnerships with Volkswagen and BMW for new vehicle programs. Innoviz is also working towards additional growth opportunities within the Volkswagen Group. The company has set its 2024 targets, aiming to secure 2-3 additional customer programs and $20-70 million of new NRE bookings.
CustomersPartnersExpand
growth-positive
אינוויז נכנסת לשוק הסיני עם BMW 5 - Techtime - חדשות אלקטרוניקה והייטק
Innoviz, an Israeli LiDAR company, reported Q4 2023 revenues of $14.9 million, more than triple the previous quarter and 8.5 times the same quarter in 2022. The companys total revenue for 2023 was $20.9 million, compared to $6 million in 2022. This growth is largely due to Innovizs commercial partnerships with German automakers BMW and Volkswagen. Innovizs LiDAR is already embedded in new models of the BMW 7 series and is expected to be included in the BMW 5 series in China. Innoviz also plans to operate in China with both Volkswagen and BMW and is in talks with other automakers intending to launch models in China.
CustomersPartners
growth-positive
Innoviz Attains IATF 16949:2016 Certification Demonstrating Commitment to the Automotive Industry's Quality Standards
Innoviz Technologies Ltd., a leading supplier of high-performance, automotive grade LiDAR sensors and perception software, has received the IATF 16949:2016 certification, which includes the ISO 9001:2015 requirements. This certification is an internationally recognized standard for automotive quality management systems and certifies that Innoviz has the process-oriented quality management systems to enable continued improvements. The company also received the ISO 14001:2015 certification for environmental management systems and the ISO 45001:2018 certification for occupational health and safety management system. This achievement underscores Innovizs commitment to quality and customer satisfaction.
Customers
growth-positive
Innoviz Announces Operational Realignment to Expand Cash Runway and Optimize Path Towards Profitability and Free Cash Flow
Innoviz Technologies Ltd., a leading supplier of LiDAR sensors and perception software, has announced a strategic realignment of its operations to expand its cash runway and optimize its path towards profitability. The realignment will result in cost savings from reduced costs following the transition of InnovizOne into series production and the concentration of future investments on the InnovizTwo sensor and software platform. As a result, the companys headcount will be reduced by approximately 13%. The company plans to decrease its 2024 planned cash outlays by $22-24 million on an annualized basis.
Management ChangesLayoffsInvestment
growth-negative
Israeli auto-tech co Innoviz lays off 13% of workforce
Innoviz Technologies Ltd., an Israeli LiDAR sensor developer, has announced it will lay off 13% of its workforce. The layoffs are part of a strategic realignment to reduce costs and extend the companys cash runway. Innoviz has major supply contracts with BMW Group and Volkswagen Group, but these have not yet generated significant revenue. The company expects to reduce its 2024 planned cash outlays by $22-24 million annually. The savings are expected to begin in Q1 2024.
Layoffs
Neutral
Innoviz Sets Fourth Quarter and Full Year 2023 Conference Call for Wednesday, February 28 at 9:00 a.m. ET
Innoviz Technologies, a leading supplier of high-performance, automotive-grade LiDAR sensors and perception software, has announced it will release its earnings results for the fourth quarter and full year ended December 31, 2023 on Wednesday, February 28, 2024. The company will also host a conference call and webinar on the same day to discuss its operational and financial results. Investors are invited to attend by registering in advance. A replay of the webinar will be available in the Investors section of Innovizs website for 90 days.
Investment
growth-positive
Innoviz to Showcase All-New BMW i7 and Volkswagen ID. Buzz at CES Booth; LiDAR Capabilities Will Be Demonstrated
Innoviz Technologies Ltd., a leading supplier of high-performance, automotive grade LiDAR sensors and perception software, will be participating in the Consumer Electronics Show (CES) 2024. The company will present live demonstrations of its latest LiDAR technology and showcase the BMW i7 and Volkswagens ID. Buzz, both integrated with Innovizs LiDAR solutions. The BMW i7, with level 3 autonomous driving capabilities enabled by the InnovizOne LiDAR, is now available to order in Germany. The VW ID. Buzz is working with Innoviz on an accelerated path utilizing InnovizTwo LiDAR for level 4 autonomous capabilities.
CustomersPartners
growth-positive
מנהל בכיר לשעבר ב-GM, וולוו ופולקסווגן הצטרף לדירקטוריון אינוויז - Techtime - חדשות אלקטרוניקה והייטק
Innoviz, a leading company in LiDAR technology, has announced the addition of two senior executives, Stefan Jacoby and Alexander von Witzleben, to its board of directors. Jacoby, who previously served as the head of global operations for General Motors from 2013 to 2018, believes that Innoviz can capture a significant share of the rapidly growing LiDAR market. Von Witzleben is the former CEO of Swiss company Arbonia. The company is currently traded on the NASDAQ with a market value of approximately $384 million.
Management Changes
growth-positive
Innoviz Strengthens Board of Directors with Industry Executives to Support Next Chapter of Growth as a Global Automotive LiDAR Leader
Innoviz Technologies, a leading supplier of high-performance, automotive-grade LiDAR sensors and perception software, has announced the expansion of its board of directors with two new members. Stefan Jacoby, former Executive Vice President at General Motors, and Alexander von Witzleben, former CEO of Arbonia AG, bring extensive experience in the automotive industry and high volume manufacturing respectively. The company, which transitioned into series production and executed a record level of activity in 2023, is aiming to become a market leader in automotive LiDAR in 2024 and beyond.
Management ChangesExpand
growth-positive
החברה מראש העין והכתבה ב-CNBC שמקפיצה את המניה שלה בכ-30%
Innoviz Technologies, an Israeli company that produces LiDAR sensors for autonomous vehicles, has seen its stock price fall by over 70% since its SPAC merger in 2020. However, analysts from three investment houses believe the stock could jump by at least 450%, returning it to its IPO value or possibly higher. The company has several major partnerships in the pipeline, including with luxury car manufacturer BMW and German automotive giant Volkswagen. Despite this, the company had to raise $65 million in August 2022 to bolster its cash reserves. The company hopes to end the year with revenues of $15 to $20 million.
InvestmentPartnersCustomers
growth-positive
Innoviz Technologies Announces Participation in Upcoming Investor Conferences
Innoviz Technologies Ltd., a leading supplier of high-performance, automotive-grade LiDAR sensors and perception software, has announced its participation in two upcoming investor conferences. The Barclays Global Automotive and Mobility Tech Conference and the Goldman Sachs 15th Annual Global Automotive Conference will both feature senior management from Innoviz holding individual virtual meetings with investors and participating in fireside chats. The company is a global leader in LiDAR technology and is working towards a future with safe autonomous vehicles on the worlds roads.
Investment
growth-positive
Innoviz Named as CES 2024 Innovation Awards Honoree for InnovizCore AI Compute Module
Innoviz Technologies Ltd., a leading supplier of LiDAR sensors and perception software, has been named a CES® 2024 Innovation Awards Honoree for its InnovizCore AI Compute Module. The module integrates AI, deep learning, and computer processing to ensure a safe driving experience for autonomous vehicles. The company is also competing for the Best of Innovation distinction to be announced at the Consumer Electronics Show in January. Innoviz is working with its customer, the BMW Group, to co-develop the expected first-ever LiDAR-based Minimal Risk Maneuver (MRM), a fail-safe system that monitors the transition phase between autonomous and manual driving.
Customers
growth-positive
Hi-tech at war: Innoviz keeps shift in drive
Innoviz Technologies, an Israeli company specializing in autonomous vehicle solutions, is maintaining its operations despite the ongoing geopolitical turmoil. CEO Omer Keilaf states that the company is providing essential support to employees who have been drafted into the IDF reserves, and that the team is working harder than ever to meet milestones for their international customers. Despite the challenges, Keilaf does not foresee a long-term negative effect on the economy, and believes that the current events will foster strength and unity in the country, leading to an influx of startups and international capital.
CustomersManagement Changes
growth-positive
Innoviz Reports Third-Quarter 2023 Results, Delivering Strong Sequential and Year-Over-Year Revenue Growth
Innoviz Technologies Ltd., a leading supplier of high-performance, automotive grade LiDAR sensors and perception software, reported its financial results for Q3 2023, showing a 138% growth quarter-over-quarter and 297% growth year-over-year. The company also reiterated its full year 2023 commercial and financial targets, expecting another significant increase in revenues in Q4 2023. Innoviz has begun shipping production units of its InnovizOne LiDAR sensor components to the BMW Group, and is working towards additional growth opportunities with Volkswagen Group. The company also raised capital in August to strengthen its positioning.
CustomersPartnersInvestmentExpand
Neutral
Innoviz Technologies Ltd.'s (NASDAQ:INVZ) largest shareholders are retail investors with 48% ownership, institutions own 40%
Retail investors hold a significant 48% of Innoviz Technologies Ltd., giving them substantial influence over the companys management and governance-related decisions. Institutions hold a 40% stake in the company, with hedge funds controlling 7.0% of the shares. The companys largest shareholder is Fifthdelta Ltd, which owns 7.0% of the shares, while the second and third largest shareholders hold about 4.8% and 3.9% of the stock respectively. Innovizs CEO, Omer Keilaf, directly holds 3.3% of the total shares outstanding. The top 25 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority.
Investment
Growth-Positive
Innoviz Provides Operational Update, Reiterates 2023 Financial Targets and Announces Third Quarter 2023 Earnings Details
Innoviz Technologies Ltd., a leading supplier of LiDAR sensors and perception software, has provided an operational update amidst the ongoing conflict in Israel. The company has not experienced any significant operational or financial impact following the terrorist attacks in Israel on October 7th. Innovizs headquarters are based in Rosh HaAyin, away from the conflict zones, and it has manufacturing sites in the US and Germany, with a future site planned for Asia. The company also reiterated its 2023 financial targets, including a ramp in revenue expected in the second half of the year. Innoviz will release its earnings results for the third quarter of 2023 on November 8, 2023.
CustomersExpand
growth-positive
Is There Now An Opportunity In Innoviz Technologies Ltd. (NASDAQ:INVZ)?
Innoviz Technologies Ltd. has seen significant share price movement in recent months, rising to highs of US$4.10 and falling to lows of US$1.69. The current trading price of US$1.69 is considered reflective of the actual value of the small-cap. The stock seems fairly valued at the moment, trading around 2.3% below intrinsic value. The future seems bright for Innoviz Technologies with profit expected to grow by 93% over the next couple of years. However, the current share price appears to have factored in the companys optimistic future growth.
growth-positive
Innoviz Technologies Announces Participation in Upcoming Investor Conferences
Innoviz Technologies Ltd., a leading supplier of high-performance, automotive grade LiDAR sensors and perception software, has announced its participation in two upcoming investor conferences. Senior management will attend Citis 2023 Global Technology Conference in New York and Jefferies Israel Tech Trek Conference in Tel-Aviv. They will meet with investors in person and participate in discussions. Innoviz is a global leader in LiDAR technology, serving as a Tier-1 direct supplier to the worlds leading automotive manufacturers and working towards a future with safe autonomous vehicles on the worlds roads.
Investment
growth-positive
Innoviz Reiterates Value Proposition in Open Letter to Shareholders
Innoviz Technologies has issued an open letter to its shareholders following its recently-completed underwritten public offering of ordinary shares. The company raised additional cash to secure further customer wins and establish an early leadership position in the automotive LiDAR industry. Innoviz is currently participating in over five active RFQ sourcing processes with major automotive OEMs. The cash secured extends the companys financial runway beyond the market share capture window. Innovizs strategy includes unlocking non-recurring engineering (NRE) bookings to offset cash burn. The company has a strong track record of execution and aims to continue delivering on its promises.
InvestmentCustomers
Growth-Positive
Innoviz Announces Pricing of Upsized Public Offering of Ordinary Shares
Innoviz Technologies Ltd., a leading supplier of high-performance, automotive grade LiDAR sensors and perception software, has announced the pricing of its upsized underwritten public offering of 26.0 million ordinary shares at a public offering price of $2.50 per ordinary share. The total gross proceeds of the offering, before underwriters discounts and estimated offering expenses, will be $65.0 million. The offering is expected to close on August 14, 2023. Innoviz intends to use the net proceeds that it will receive from the offering for general corporate purposes.
Public TradingInvestment
growth-negative
Innoviz raises $65 million on Wall Street at deep discount | CTech
Innoviz Technologies, a company that develops LiDAR sensors and perception software, has raised $65 million in an upsized underwritten public offering on Wall Street. The offering was concluded at a price of $2.50 per share, a discount of over 20% compared to the stock price before the fundraising announcement. The companys shares fell by 8% during trading and dropped an additional 17% after hours. This fundraising effort follows a series of significant announcements by Innoviz, including an expansion of its collaboration with the BMW Group, but also financial reports revealing a larger-than-expected loss.
InvestmentExpand
growth-positive
Innoviz Announces Public Offering of Ordinary Shares
Innoviz Technologies Ltd., a leading supplier of high-performance, automotive grade LiDAR sensors and perception software, has announced a public offering of $60.0 million of its ordinary shares. The company also intends to grant the underwriters an option to purchase up to an additional $9.0 million of its ordinary shares. The offering is subject to market and other conditions. Innoviz plans to use the net proceeds from the offering for general corporate purposes. Goldman Sachs & Co. LLC is acting as lead book-runner and representative of the underwriters for the offering.
Public TradingInvestment
growth-positive
Innoviz Reports Second-Quarter 2023 Results and Increases 2023 Financial Targets Following Continued Commercial Momentum
Innoviz Technologies Ltd., a leading supplier of high-performance, automotive-grade LiDAR sensors and perception software, has expanded its relationship with BMW Group. Innoviz has achieved Start of Production (SOP) with its first-generation BMW Group program, with the first component shipments intended for production vehicles shipped in July 2023. The company also announced an expansion in its relationship with BMW, developing B-samples for an enhanced solution portfolio. Innovizs financial results for Q2 2023 show revenues of $1.5 million, up 45% compared to Q1 2023. The company has raised its 2023 financial targets.
PartnersExpand
growth-positive
Innoviz Technologies to Develop B-Samples of New LiDAR Platform for Next Generation of BMW Automated Vehicles
Innoviz Technologies is expanding its collaboration with the BMW Group to develop a new generation of LiDAR technology. The companies are beginning a B-sample development phase based on Innovizs second-generation InnovizTwo LiDAR sensor. This follows years of collaboration on a program that will see the first deployment of LiDAR-enabled highly automated technology on the BMW 7 Series later this year. The outcome of this phase will enable BMW to decide on a serial development agreement with Innoviz to bring advanced automated capabilities to a broader range of BMW vehicles. The companies are also developing a LiDAR-based Minimal Risk Maneuver (MRM) system.
PartnersExpand
Neutral
Innoviz Sets Second Quarter 2023 Conference Call for Wednesday, August 2 at 9:00 a.m. ET
Innoviz Technologies Ltd., a Tier-1 supplier of high-performance, automotive-grade LiDAR sensors and perception software, has announced that it will release its earnings results for the second quarter ended June 30, 2023, on Wednesday, August 2, 2023. The company will host a conference call and webinar on the same day to discuss its operational and financial results. The webinar will be available for replay on the companys website for 90 days.
growth-positive
Innoviz and LOXO Expand Partnership to Deploy Autonomous, Zero-Emission Delivery Vehicles Using InnovizOne LiDAR
Innoviz Technologies has announced a partnership with LOXO, a provider of zero-emission autonomous delivery vehicles. LOXO has signed a letter of intent to deploy InnovizOne LiDAR units on its delivery vehicles through 2024. Innovizs LiDAR technology will enable LOXOs vehicles to achieve autonomy and facilitate efficient and sustainable last-mile delivery. The partnership aims to optimize the exchange of goods from distribution centers to customers doorsteps. InnovizOne is a high-performance LiDAR sensor designed for automakers and can be used in various applications. LOXOs vehicles equipped with InnovizOne LiDAR will meet the growing demand for autonomous last-mile delivery. The market for autonomous last-mile delivery is projected to reach $5.9 billion by 2030. The partnership signifies growth opportunities for Innoviz Technologies.
PartnersCustomers
growth-positive
Innoviz Debuts Industry-First LiDAR-Based Bridge Collision Detection System with Drive Group, Israeli Highway Operator
Innoviz Technologies has signed an agreement with Drive Group, a leading toll road operator, to deploy Innovizs Bridge Collision Detection solution on highways, tunnels, and bridges across Israel. The solution uses LiDAR sensors to establish a safe operating zone and identify vehicles with heights or widths exceeding predefined ranges. It can trigger alerts and share license plate information with local authorities to prevent potential collisions. The collaboration with Drive Group marks ongoing momentum for Innoviz in Smart City and connected infrastructure applications worldwide. The solution has the potential to significantly reduce false alarms from camera-based systems and represents a sizable opportunity for Innoviz. On average, 15,000 bridge and tunnel collisions occur in the United States annually, costing around $270 million in damages. The date of the event described in the article is not mentioned.
PartnersCustomers
growth-positive
Innoviz Technologies to Present at Upcoming Investor Conferences
Innoviz Technologies announced its participation in upcoming investor conferences. The company is a leading supplier of LiDAR sensors and perception software for autonomous vehicles. Innovizs technology has been selected by premium car brands and other commercial leaders. The conferences will provide an opportunity for senior management to meet with investors and discuss topics such as LIDAR, radar, and the adoption of autonomous vehicles. The participation in these conferences indicates a positive growth trajectory for Innoviz Technologies. No specific partners, customers, or financial details are mentioned in the article.
InvestmentManagement Changes
growth-positive
Innoviz Reports First-Quarter 2023 Results and Updates 2023 Targets
Innoviz Technologies Ltd., a leading supplier of LiDAR sensors and perception software, has updated its 2023 targets due to an expanded relationship with a major existing customer and other progress made year-to-date. The company announced that a global automotive customer aims to expand its use of the InnovizTwo LiDAR to a new light commercial vehicle program. Innoviz also reported its financial results for Q1 2023, with revenues of $1.0 million, down 43% compared to Q1 2022. The company is also in discussions with NVIDIA about integrating into series production programs leveraging the Hyperion platform.
CustomersExpand
growth-positive
Innoviz Expands Collaboration with a Major Customer, Adding InnovizTwo for New Light Commercial Vehicle
Innoviz Technologies has announced that a major existing global automotive customer plans to expand its use of the InnovizTwo LiDAR to an existing light commercial vehicle program. The program is expected to start production in the mid-decade and will contribute to the companys financial targets for 2023 and beyond. The collaboration also includes integration with a major compute platform, which could lead to additional expansion opportunities. Innoviz believes that working with top autonomy platform partners will accelerate the customer evaluation process and position the company well for new customer acquisition efforts. The company will provide an update on its first-quarter earnings call scheduled for May 17, 2023.
CustomersExpand
growth-positive
Innoviz Expands Collaboration with a Major Customer, Adding InnovizTwo for New Light Commercial Vehicle
Innoviz Technologies has announced an expansion of its collaboration with a major global automotive customer. The customer aims to use Innovizs InnovizTwo LiDAR in an existing light commercial vehicle program, with potential financial contributions expected to begin this year. The collaboration also involves integration with a major compute platform, which could lead to additional expansion opportunities. Innoviz sees this as a critical milestone in validating its strategy and demonstrating the value of its technology. The company is optimistic about its pipeline and believes that LiDAR deployments are starting to accelerate. The announcement will be further discussed in the companys first-quarter earnings call on May 17, 2023.
CustomersPartners
growth-positive
InnovizTwo LiDAR Wins Gold at 2023 Edison Best New Product Awards™
Innoviz Technologies second generation LiDAR sensor, InnovizTwo, won the gold award in the Smart Transportation category of the 2023 Edison Awards. The recognition coincides with increasing interest from the automotive market and ongoing progress with leading automakers. InnovizTwo is designed to offer a safe, automotive-grade solution for autonomous vehicles and enables safe Level 2+ to Level 4 autonomy. The award was presented at the Edison Awards Gala on April 20, 2023.
Customers
Innoviz is on track to deliver LiDAR technology for CARIAD in the Coming Years
growth-positive
Innoviz Technologies to Showcase LiDAR Solutions at ITS America Conference in Texas
Innoviz Technologies will showcase its state-of-the-art LiDAR technology at the ITS America conference in Texas. The company will demonstrate its LiDARs and present its latest mobility innovations and use-case solutions. Innovizs partners, including Outsight and Sensagrate, will also be present at the conference. Innovizs LiDAR sensors and perception software offer solutions for autonomous vehicles, traffic monitoring, and security. The company has received increasing interest from the market and has made progress on key automotive programs. InnovizTwo, the companys automated solution for autonomous vehicles, was recently awarded the Edison Award in the Smart Transportation category. Innoviz is a global leader in LiDAR technology and has been selected by premium car brands for use in consumer vehicles.
PartnersCustomers
Neutral
Innoviz Sets First Quarter 2023 Conference Call for Wednesday, May 17 at 9:00 a.m. ET
Innoviz Technologies Ltd., a leading company in LiDAR sensors and perception software, has announced that it will release its earnings results for the first quarter ended March 31, 2023 on Wednesday, May 17, 2023. The company will also host a conference call and webinar on the same day to discuss its operational and financial results. Investors are invited to attend by registering in advance. A replay of the webinar will also be available on the companys website for 90 days.
growth-positive
Innoviz Technologies and Ascendtek Sign Distribution Agreement to Increase LiDAR Sales throughout Greater China Region
Innoviz Technologies has signed a distribution agreement with Ascendtek Electronics to drive sales of its LiDAR solutions in the Greater China region. Ascendtek will promote Innovizs LiDAR to its customers, aiming to accelerate the adoption of the companys LiDAR solutions globally. The partnership is expected to help Innoviz meet the growing demand for high-performance LiDAR solutions in the region. The Asia-Pacific LiDAR market is projected to grow at a compound annual growth rate of approximately 32.39% over the next 3 years.
Partners
growth-positive
Innoviz's Second-Generation InnovizTwo LiDAR Selected to Power Commercial Vehicle OEM's Fleet
Innoviz Technologies has received a several hundred unit purchase order from a commercial vehicle OEM for its InnovizTwo LiDAR. The order will be delivered throughout 2023, beginning in the second quarter. This purchase order highlights the strong demand for Innovizs LiDAR product. The company expects this order to be additive to its long-term outlook. Innoviz has four other series production awards with major automotive platforms and a Level 4 autonomous shuttle program. The company recently announced the expansion of its team and office in Munich, Germany, which will offer proximity to key customers and partners for collaboration and new business opportunities.
Customers
growth-positive
Goldman Sachs Says These 2 Automotive LiDAR Stocks Should Be On Your Radar; Sees at Least 90% Upside Potential
Goldman Sachs has highlighted two companies, Hesai Group and Innoviz Technologies, as leaders in the LiDAR market, which is expected to grow rapidly over the next decade. Hesai Group, which recently went public on the US NASDAQ exchange, has shipped over 100,000 LiDAR units and has a 60% market share in the autonomous mobility sector. Innoviz Technologies, which designs and manufactures LiDAR sensors, has partnerships with automotive companies including BMW and Volkswagen. Despite recent market downturns affecting both companies stocks, Goldman Sachs analysts predict at least 80% upside for both in the coming year.
Public TradingCustomersPartners
growth-positive
Innoviz Technologies Reports Full Year 2022 Financial and Operational Results
Innoviz Technologies Ltd. has reported its financial results for 2022 and announced its operational and financial targets for 2023. The company saw revenues of $6.0 million in 2022, a 10% increase from 2021, and sold a record number of LiDAR units. Operating expenses were down 18% from 2021. The company also added Steven Schondorf as a senior strategic advisor. Innoviz is on track for full production launches for its BMW and Shuttle programs in 2023, and its Volkswagen CARIAD program is also progressing well. The company is also in advanced discussions to expand its program lineup with one of its largest customers.
CustomersManagement Changes
Innoviz Expands German Footprint with New Munich Office
growth-positive
Innoviz Expands German Footprint with New Munich Office
Innoviz Technologies has officially opened a new office in Munich, Germany. The new office aims to enhance collaboration and relationship-management with key customers and partners in the region. It offers proximity to Innovizs workforce and features a test lab and garage for test vehicles. The company plans to hire locally as its project portfolio grows. The Munich office is seen as an important move for Innoviz as it executes on design wins with key customers such as Volkswagen and BMW. The office is equipped with a lab facility and will support the companys technical capabilities. Innoviz is a global leader in LiDAR technology, providing high-performance, automotive-grade LiDAR sensors and perception software for autonomous vehicles.
CustomersPartners
growth-positive
Innoviz Technologies and General Laser Sign Distribution Agreement to Accelerate LiDAR Adoption in Europe
Innoviz Technologies has announced a collaboration with General Laser to drive sales of its LiDAR solutions in the European market. General Laser, a leading European provider of lasers and robotics, will utilize its network of resellers and direct customer relationships to accelerate the adoption of Innovizs LiDAR products. This partnership will help Innoviz expand its sales efforts into various industrial market segments. The European non-automotive LiDAR market is projected to grow at a compound annual growth rate of 25% over the next six years, reaching nearly $2 billion USD by 2029. Innoviz aims to meet the growing demand for high-performance LiDAR solutions across Europe through this distribution agreement.
PartnersCustomers
growth-positive
Innoviz Sets Fourth Quarter and Full Year 2022 Conference Call for Wednesday, March 1 at 9:00 a.m. ET
Innoviz Technologies will release its earnings results for Q4 and full year 2022 on March 1, 2023. The company will host a conference call and webinar to discuss its operational and financial results. Innoviz is a global leader in LiDAR technology, working towards safe autonomous vehicles. The company has been selected by premium car brands and other commercial leaders for a wide range of use cases.
InvestmentPublic Trading
growth-positive
Innoviz unveils new LiDAR system at CES | CTech
Innoviz Technologies has unveiled its new system, Innoviz360, which offers improved performance at a lower cost. The lightweight LiDAR system features up to 1280 scanning lines per frame, configurable frame rate, 0.05°x 0.05° resolution, and 300-meters of range. It overcomes existing spinning LiDAR barriers and is suitable for various applications, including autonomous vehicles, heavy machinery, smart cities, logistics, construction, and maritime. The Innoviz360 positions Innoviz Technologies as a one-stop shop for all types of LiDAR solutions, contributing to the companys growth.
CustomersExpand
Innoviz Technologies to Unveil Breakthrough Innoviz360 LiDAR at CES® 2023
Innoviz and Exwayz Collaborate on Turnkey LiDAR-based Perception Solutions for Global Customers
InnovizOne LiDAR Selected by LOXO for Autonomous, Zero-Emission Delivery Vehicles
growth-positive
Innoviz Technologies to Host Interactive LiDAR Use-Case Demonstrations with Global Partners at the CES® 2023
Innoviz Technologies will host InnovizOne LiDAR demonstrations and partner presentations at the Consumer Electronics Show (CES) in January 2023. The company will showcase its LiDAR technology for non-automotive applications and highlight its partnerships with global partners. The demonstrations and presentations aim to convey the maturity of Innovizs LiDAR and its broad range of applications. The companys global partners will demonstrate the use of InnovizOne LiDAR in various industries, including smart cities, ports, infrastructure, and industrial applications. The presentations will provide further insights into the applications of Innoviz LiDAR solutions and include case studies from real-world project deployments. Innoviz Technologies is a global leader in LiDAR technology and has been selected by premium car brands for use in consumer vehicles.
CustomersPartners
Innoviz and Outsight Announce Partnership to Accelerate LiDAR Adoption in Smart Cities and Industrial applications
growth-positive
Innoviz Technologies to Host a 3-Day Global Distributor Summit and Expand LiDAR Sales for Non-Automotive Markets
Innoviz Technologies is hosting its first Global Distributor Summit to meet the strong demand for its InnovizOne LiDAR sensors. The summit, taking place from November 14-17, will bring together partners and distributors from around the world to promote the purchase and integration of InnovizOne into various customer applications. InnovizOne, the companys high-end automotive LiDAR, has already secured two design wins for series production. The company has significantly expanded its production capability to meet the demand from both automotive and non-automotive markets. Innoviz is looking to accelerate the adoption of its LiDAR solutions globally and is calling for additional partners and distributors to join its ecosystem. The summit will focus on strategic, product, and sales leadership sessions.
PartnersCustomers
growth-positive
Innoviz Selected by Leading Asia-based Automotive OEM to Serve as Direct LiDAR Supplier for Series Production Passenger Vehicles
Innoviz Technologies has been selected by an Asia-based automotive OEM to serve as its direct LiDAR supplier for series production passenger vehicles. The partnership is expected to generate revenues during fiscal year 2024. This selection represents Innovizs fourth major design win and second nomination for series production of passenger vehicles as a direct supplier. Innoviz has also recently announced a partnership with Volkswagen to integrate its technology into upcoming Volkswagen vehicles. Innoviz is a global leader in LiDAR technology, providing solutions for autonomous vehicles.
Partners
growth-positive
Innoviz and HiRain Technologies Deploy InnovizOne Across Shipping Ports in China
Innoviz Technologies and HiRain Technologies have announced the deployment of InnovizOne LiDAR sensors at ports across China, including on HiRains autonomous trucks and AGVs. The solution, which combines InnovizOne LiDAR and HiRains Convolutional Neural Network (CNN), aims to improve operational efficiency, mitigate risks, and enhance worker safety. The companies plan to expand the project to additional ports. HiRain also developed its own roadside V2X solution using InnovizOne LiDAR to monitor traffic and avoid collisions. HiRain plans to integrate Innovizs next-generation LiDAR sensor, InnovizTwo, into its platforms to further enhance port operations. The deployment of autonomous vehicle and V2X systems using InnovizOne LiDAR is expected to improve efficiencies and enable 24/7 operations at ports.
CustomersPartners
growth-positive
Authors from the world. Articles, news, stories, Biographies
Volkswagen Group has signed an agreement with Innoviz Technology to buy self-driving software and hardware for $4 billion. The deal will allow Volkswagen to use laser-based lidar sensors for ADAS and autonomous vehicles. Innoviz Technology claims that its LiDAR and cognitive software can see better than human drivers. Volkswagens CARIAD has also signed partnerships with Bosch, Qualcomm, and STMicroelectronics. Previously, Volkswagen invested $2.6 billion in Argo AI and announced plans to use Qualcomm chips for its autonomous vehicles.
PartnersInvestmentAcquisition
growth-positive
Innoviz lidar will be on all VW vehicles with automated driving capabilities
Israeli lidar startup Innoviz has partnered with Volkswagen to supply its lidar sensors and perception software to all vehicles with automated driving capabilities within VW group brands. Innovizs technology will be integrated into upcoming VW vehicles through their partnership with Cariad SE, VWs automotive software company. This partnership marks Innovizs third design win with a Tier 1 supplier. The forward-looking order book from the VW program is estimated to be worth $4 billion, bringing Innovizs total estimated sales to $6.6 billion. Innovizs lidar technology offers a high level of performance at a low cost, using a 905 nm laser. The companys CEO, Omer Keilaf, highlighted that winning the deal as a Tier 1 supplier is a major shift in the automotive industry.
Partners
growth-positive
Israeli Tech To Power Driverless Postal Deliveries In Japan
Israel-based Innoviz Technologies will provide sensors and software to Japan Post for their autonomous postal delivery cars. The LiDAR system developed by Innoviz can improve safety and reduce errors. Japan Post plans to install InnovizOne sensors on some of its vehicles to gather mapping information. The collaboration between Innoviz Technologies and Japan Post highlights the versatility of LiDAR technology in smart cities. The detailed digital maps generated by Japan Posts delivery vehicles will aid in the development of autonomous vehicles. Innovizs LiDAR sensors and perception software provide a comprehensive 3D image of the environment.
PartnersCustomers
growth-positive
Visionary.ai and Innoviz Partner to Improve the Power and Accuracy of Machine Vision
Visionary.ai and Innoviz have announced a partnership to combine Visionary.ais imaging technology with Innovizs LiDAR sensors and perception software. The partnership aims to improve 3D machine vision performance in challenging and low-light conditions. Visionary.ais software-based ISP technology enhances image quality, especially in difficult visibility situations. By utilizing Innovizs high-resolution LiDAR, the partnership will develop and enhance a comprehensive 3D image of a scene. This collaboration comes at a time of rapid market growth for Innoviz, as they have recently been selected as a direct LiDAR supplier by a global vehicle manufacturer. The partnership between Visionary.ai and Innoviz will offer an advanced machine vision solution for various applications.
Partners
growth-positive
הקרב על ה-LiDAR: עומר כילף נגד אילון מאסק - Techtime - חדשות אלקטרוניקה והייטק
Innoviz, a leading Israeli LiDAR sensor manufacturer, has joined forces with other leading LiDAR manufacturers to form The LiDAR Coalition. The coalition aims to promote the adoption of LiDAR technology in Advanced Driver Assistance Systems (ADAS) and autonomous driving, as well as in road infrastructure. The coalition will work to convince decision-makers, legislators, and regulators in the US to recognize the need to integrate LiDAR sensors into safety systems and anchor this in law, regulations, and as a category in vehicle safety ratings. The coalitions biggest opponent is Elon Musk, founder and CEO of Tesla, who believes that LiDAR is unnecessary and expensive.
Partners
growth-negative
אחד ממייסדיי אינוויז עוזב את החברה - Techtime - חדשות אלקטרוניקה והייטק
One of the co-founders of Innoviz, Oren Rosenzweig, is leaving the company immediately. He will be replaced by Tali Chen from DSPG. The company has also appointed regional managers for the US and Japan. Innoviz recently completed the development of its new LiDAR sensor, InnovizTwo, which offers improved performance and a lower cost compared to its previous generation. The company also announced a major contract with a global automaker worth an estimated $4 billion. The departure of Rosenzweig is seen as a growth-negative impact on the company.
Management Changes
growth-positive
Innoviz will supply a major automaker in $4 billion deal
Innoviz Technologies has entered a multibillion-dollar deal to be the direct LiDAR supplier for a major vehicle manufacturer, potentially Volkswagen. The deal is expected to increase Innovizs forward-looking order book by $4 billion to $6.6 billion. Innovizs LiDAR and perception software are designed to improve safety and reduce errors in autonomous vehicles. The company has previously collaborated with carmakers like BMW and operates globally.
PartnersCustomers
growth-positive
Innoviz Selected by One of the Largest Global Vehicle Groups to be its Direct LiDAR Supplier for Series Production Vehicles; Increases Forward-Looking Order Book by $4 Billion
Innoviz Technologies has been selected by one of the largest vehicle manufacturers in the world to become its direct LiDAR supplier across multiple brands. This selection is Innovizs third major design win and is expected to increase their forward-looking order book by $4 billion to $6.6 billion. The company will provide further details about this achievement during its upcoming quarterly earnings call on May 11. Innoviz CEO Omer Keilaf stated that being selected by a large-scale global vehicle maker is a significant catalyst for the company and expects it to have an impact on the entire industry. Innoviz anticipates the scope of the deal to grow further as additional car brands within the group adopt their platform.
Customers
ב.מ.וו השיקה את BMW 7, הכוללת חיישן אינוויז - Techtime - חדשות אלקטרוניקה והייטק
growth-positive
אינוויז קיבלה אישור עמידה בתקן שיאפשר לה להגביר את השיתוף עם יצרני הרכב ובכלל זאת BMW - Chiportal
Innoviz, a provider of solid-state LiDAR sensors and perception software, has received certification for compliance with the IATF 16949:2016 automotive standard. The certification recognizes Innovizs automated manufacturing processes and the companys adherence to the standard, as well as its supply chain. The IATF 16949:2016 standard is widely used in the automotive industry and confirms that Innovizs quality management systems are aligned to enable continuous improvement and reduce waste in the supply chain. The certification strengthens Innovizs position in the automotive lidar technology market and allows it to collaborate with major automotive manufacturers and partners, including BMW. The article highlights the importance of high-quality lidar technology for the development of autonomous vehicles.
Partners
growth-positive
Innoviz Technologies Announces Compliance with Critical Automotive-Grade Standard, Streamlining Adoption by Leading Automakers Pursuing Automated Driving
Innoviz Technologies, a provider of LiDAR sensors and perception software, has achieved compliance with the automotive standard IATF 16949:2016. This certification recognizes Innovizs automated manufacturing processes and supply chain compliance. The IATF is composed of leading automotive manufacturers, including Innovizs partner BMW. The certification indicates that Innoviz has the quality management systems to enable improvements, prevent defects, and reduce waste in the supply chain. It also validates Innovizs ability to produce high-quality LiDAR consistently and quickly, making it easier for Tier-1 suppliers and automakers to adopt Innovizs LiDAR technology for advanced driver-assistance systems and autonomous driving applications.
Partners
growth-positive
Innoviz Technologies Introduces Innoviz360, a New HD LiDAR Category with 10x the Performance and Significantly Lower Cost Versus Existing Solutions
Innoviz Technologies introduces Innoviz360, a new LiDAR sensor for automotive and non-automotive applications. The Innoviz360 offers improved performance, resolution, and range while reducing costs compared to traditional solutions. It is expected to generate revenues starting in 2023 and opens up a new market opportunity for Innoviz. The company will demonstrate its LiDAR technologies at CES 2022. Innoviz360 is compatible with Shuttles, Robotaxis, and Trucks in the automotive space and can also be used in logistics, mapping, industrial, and smart infrastructure applications. Samples of the Innoviz360 HD LiDAR will be available in Q4 2022.
CustomersInvestment
growth-positive
אינוויז תעביר את משרדיה לפרויקט נצבא סיטי בראש העין כלכליסט
Israeli company Innvoiz, which develops LiDAR sensors for autonomous vehicles, is relocating its offices to Neztiva City project in Rosh HaAyin. The company has rented 15,000 square meters, half of which will be allocated to offices and the other half to workshops and laboratories. The estimated rental cost is 7.2 million shekels per year. Innvoiz currently rents 6,000 square meters in the nearby Afek Industrial Park, where its 400 employees work. The company plans to recruit additional employees and expects to double its workforce in the coming years.
Expand
growth-positive
Japan's Largest Construction Company, Obayashi, Selects Innoviz's LiDAR for its New Proprietary Automatic Tower Crane System
Innoviz Technologies and Obayashi Corporation have announced Obayashis development of an automated tower crane system that utilizes Innovizs LiDAR sensors. Obayashi has been using Innovizs LiDAR since 2018 and is developing a full-scale system for building sites throughout Japan. The system enhances safety and efficiency by providing warnings to the crane operator based on data generated by Innovizs LiDAR. The partnership between Innoviz and Obayashi has resulted in substantial savings related to the manual operation of the crane. Obayashis engineering team expressed confidence in Innovizs solutions. Innovizs CEO, Omer Keilaf, believes that more partnerships like this will come to fruition. Innoviz is represented in Japan by Macnica, their distributor and partner.
Partners
growth-positive
Innoviz Technologies' First InnovizTwo LiDAR to be Presented at CES® 2022 According to Plan
Innoviz Technologies has successfully launched the first B samples of its InnovizTwo LiDAR sensor, which offers a 30x performance improvement over its previous product, InnovizOne, at a 70 percent reduction in cost. The company believes InnovizTwo will help eliminate human error from car accidents. The Consumer Electronics Show (CES) in January 2022 will provide an opportunity to showcase InnovizTwos performance. InnovizOne, already selected by BMW and a leading Tier-1 automotive supplier, will also be demonstrated at CES. Innoviz has collaborations with companies like NVIDIA and Magna to expand access to its LiDAR solutions. The TAM for InnovizTwo is expected to grow to over $20 billion by 2025 and $55 billion by 2030.
CustomersPartners
growth-positive
אינוויז בונה מודל עסקי של טיר-1 - Techtime - חדשות אלקטרוניקה והייטק
Innoviz, an Israeli LiDAR manufacturer, is reorganizing its operations to work directly with car manufacturers as a Tier-1 company. The companys CEO, Omer Keilaf, revealed this during a conference call after the release of the companys Q3 results. Innoviz recently completed a Tier-1 supplier certification process with one of the worlds largest car manufacturers. The transition to a Tier-1 model is expected to increase the companys sales volume. The company hired 32 employees during the quarter and currently employs 369 people. Innoviz went public on NASDAQ in April 2021 through a merger with a US SPAC company.
CustomersExpand
growth-positive
Innoviz Perception Solution Supported on NVIDIA DRIVE Platform
Innoviz Technologies, a provider of LiDAR sensors and perception software, announced that its advanced perception solution is now supported on the NVIDIA DRIVE platform. As a member of the NVIDIA DRIVE ecosystem, Innovizs perception software enables object detection, tracking, and classification, as well as obstacle detection and ongoing calibrations based on Innovizs LiDAR point cloud data. Innovizs LiDAR sensor is also integrated with NVIDIA DRIVE Sim, a simulation platform for autonomous vehicle development. The integration allows for an approximation of the sensor output in each scene, leading to a point cloud generation for further annotation and training. The collaboration with NVIDIA is seen as a major step in Innovizs mission to integrate LiDAR with prominent software and driving infrastructure.
PartnersExpand
growth-positive
חיישן הדור החדש של אינוויז יהיה מוכן בסוף 2021 - Techtime - חדשות אלקטרוניקה והייטק
Innoviz, an Israeli company, has announced that its new LiDAR sensor, InnovizTwo, will be ready in October 2021. The sensor is designed for use in smart and autonomous vehicles. The companys CEO, Omer Keilaf, revealed that the new sensor will provide 30 times more performance and will be 70% cheaper compared to the first-generation sensor, InnovizOne. Innovizs most significant commercial collaboration is with BMW, which has decided to integrate the sensor into its new electric SUV, iNEXT, which is expected to hit the road in early 2022. The company expects its sales to amount to about $23 million in 2022.
CustomersPartnersPublic TradingExpand
growth-positive
Innoviz Technologies Partners with Leading Autonomous System Provider Curium to Enable a Safe Vehicle Calibration Experience in Southeast Asia
Innoviz Technologies has formed a partnership with Curium, a developer of automated calibration services for Autonomous Systems. Curiums software ensures that the vehicles sensor suite is working properly. Through the partnership, Curium will apply its calibration techniques to its advanced driving system using Innovizs solid-state LiDAR sensor. Curium will also distribute and promote Innovizs products in Southeast Asia. The partnership builds on Innovizs existing relationships in Asia. Innoviz is a leading provider of LiDAR technology for autonomous vehicles and is backed by strategic partners and investors. Curium is a market leader in sensor calibration technologies. The date of the event described in the article is August 10, 2021.
PartnersCustomers
growth-positive
Innoviz Technologies and Whale Dynamic to Collaborate on Next-Generation L4 LiDAR-Driven Autonomous Driving Platform
Innoviz Technologies and Whale Dynamic have announced their collaboration on Whale Dynamics next-generation intelligent autonomous driving platform. Whale Dynamic is focused on developing a unified Autonomous Driving platform that incorporates multiple sensors, including LiDAR and high-definition cameras. The new Whale Dynamic AD platform will utilize InnovizOne LiDARs as its primary sensor. InnovizOne was selected due to its leading performance, automotive-grade spec, low-power consumption, and compact size. This collaboration will bring Innovizs advanced high-resolution solid-state LiDAR technology to Whale Dynamics AD Platform. The goal is to build a fully autonomous vehicle capable of completing daily service tasks on public roads. Innoviz Technologies is a leading manufacturer of high-performance LiDAR sensors and perception software for autonomous vehicles.
Partners
growth-positive
Innoviz Technologies and Sensagrate Announce Partnership to Enable Smart City Applications
Innoviz Technologies and Sensagrate have announced a partnership to integrate InnovizOne LiDAR sensors with SensaVision, Sensagrates computer vision software. The partnership aims to improve pedestrian and automobile safety, prevent collisions, and collect data for analysis and predictive analytics. The integration of InnovizOne into SensaVisions suite will enable intelligent traffic decisions, improve traffic flow, and reduce congestion. The partnership will advance the safety of future cities. Innoviz Technologies is a leading provider of LiDAR technology for autonomous vehicles and is backed by strategic partners and investors. Sensagrate is a computer vision software company that provides traffic AI solutions.
Partners
growth-positive
Innoviz Technologies and Collective Growth Corporation Announce Closing of Business Combination
Innoviz Technologies and Collective Growth Corporation have completed their business combination, resulting in Innoviz Technologies becoming a publicly traded company. The combination will allow Innoviz to meet the growing demand for LiDAR technology in the auto industry. Innoviz is engaged in multiple automotive programs with partners globally and is experiencing growth. The company has announced the ramp-up towards high-volume production of InnovizOne, which will serve BMW and other customers. They will also introduce the new generation LiDAR InnovizTwo to the market. The business combination has provided Innoviz with approximately $371 million in gross proceeds, including investments from Magna International and other strategic partners. The ordinary shares and warrants of Innoviz Technologies are expected to begin trading on Nasdaq on April 6, 2021.
AcquisitionPublic Trading
growth-positive
Innoviz Technologies, Leading LiDAR Company, Announces Partnership with Macnica for Mass Adoption of InnovizOne in the Japanese Market
Israeli LiDAR company Innoviz Technologies has partnered with Macnica, Japans largest distribution company, to sell its flagship product, InnovizOne, in Japan. InnovizOne, a solid-state LiDAR sensor, has been selected by BMW for use in its autonomous car program. Macnica has received numerous purchase orders for InnovizOne, which is recognized as the most mature LiDAR in the market. The partnership aims to expand sales of InnovizOne into new markets. Innoviz Technologies is a leading manufacturer of LiDAR sensors and perception software for autonomous vehicles.
PartnersCustomers
growth-positive
Innoviz to list on Nasdaq at $1.4b valuation
Israeli LiDAR sensors for autonomous cars developer Innoviz Technologies is set to list on Nasdaq through a merger with blank check company Collective Growth Corp. The deal will provide Innoviz with up to $350 million in capital at a valuation of $1.4 billion for the merged company. The merger is sponsored by Antara Capital LP and Perception Capital Partners LPC. The companys development of high-definition solid-state LiDAR sensors has the potential to significantly improve range and resolution for autonomous vehicles. Innoviz aims to become one of the dominant players in the global autonomous driving industry.
Public TradingInvestment
growth-positive
Innoviz mulls merger with SPAC at $1b valuation - report
Israeli lidar sensors developer Innoviz Technologies is seeking to raise between $100 million and $350 million through a merger with blank check company Collective Growth Corp. The merger would give Innoviz and Collective Growth a valuation of $1 billion or more. Innoviz, founded in 2016, has raised $252 million to date and its high-definition solid-state LiDAR sensor technology provides a smaller and cheaper product compared to laser-based alternatives, while improving range and resolution. The report of the potential merger caused Collective Growths share price to rise by 21.64%.
Investment
growth-positive
Israel's Innoviz launches Next-Gen LiDAR, bringing us one step closer to the autonomous future
Israeli startup Innoviz Technologies has launched its Next-Gen LiDAR sensors, called InnovizTwo, which provide automotive-grade imaging capabilities for autonomous vehicles at a significantly lower cost. The technology enables manufacturers to collect roadway data and release advanced functions via over-the-air updates, meeting the increasing regulatory demands for autonomous vehicles. InnovizTwo offers a major cost reduction of over 70% compared to its predecessor, InnovizOne, and includes significant performance improvements. The launch of InnovizTwo will allow more car makers to offer safe L2+ autonomous driving and pave the way for full L3 automation. The company partnered with automotive giant BMW in the past and aims to bring safer mobility and data collection through its LiDAR technology and Perception Software.
PartnersCustomers
growth-positive
Innoviz Technologies Introduces Its Next Generation, InnovizTwo, Which Will Accelerate the Industry Towards Autonomous Driving, Enabling Safe Mobility To All
Innoviz Technologies is launching a next-generation LiDAR sensor called InnovizTwo, which offers a fully featured solution for autonomous driving at a lower cost. The sensor aims to address the technical limitations and safety issues faced by current L2+ platforms, allowing for safer and smoother adoption of automation. InnovizTwo is a major cost reduction design compared to its predecessor, InnovizOne, and will enable more car manufacturers to offer L2+ functionality while paving the way for full L3 automation. The sensor will be available in Q3 2021. Innoviz Technologies is a leading provider of high-performance LiDAR sensors and perception software.
Customers
growth-positive
Innoviz Claims New Lidar Sensor 70% Cheaper, Better Performance
Israeli startup Innoviz has developed a new InnovizTwo sensor targeting the market for lower level partially automated systems. The company already has an automotive grade sensor called InnovizOne that will be used in BMWs level 3 conditionally automated system. Innoviz aims to leverage the technology developed for level 4 systems in order to get a return on investment in level 2 and level 3 systems. The market for lidar sensors in these applications is projected to be nearly 32 million. Innoviz plans to start delivering samples of the InnovizTwo sensor in Q3 2021 and expects to be ready for volume production applications in fall 2023.
PartnersExpand
growth-positive
Council Post: Automakers Partner With Tech Companies To Drive Supply Chain Innovation
The article discusses the need for automotive OEMs and tier-one suppliers to work directly with high-tech companies in order to integrate advanced software and hardware into vehicles. It highlights the complexities of integration and testing, as well as the challenges of fitting future-oriented functionalities into current vehicles. The article emphasizes the importance of partnerships outside the traditional tier system and the benefits of deeper integration with technology companies. The impact on Innoviz Technologies is growth-positive, as it is a high-tech supplier to OEMs. The key theme of the article is the need for collaboration and integration between automotive manufacturers and technology companies.
PartnersExpand
growth-positive
LiDAR Startup Innoviz Partners With China's Shaanxi to Deploy Autonomous Trucks
Israel-based LiDAR startup Innoviz Technologies has partnered with Shaanxi Heavy Duty Automobile Co. to deploy autonomous trucks in a major port in China. Shaanxi will use Innoviz LiDAR systems in up to 600 trucks to enable autonomous loading and unloading of containers. Innoviz develops low-cost, small-size LiDAR systems for the mass commercialization of autonomous vehicles and has partnerships with automakers like BMW and Harman International Industries. The company has raised $252 million to date.
Partners
growth-positive
Macnica Signs Distributor Agreement with Innoviz, Israel -Starts Sales and Distribution of...
Macnica Co., Ltd. has signed an agency agreement with Innoviz Technologies, Ltd. to sell and provide Innoviz LiDAR sensors to various industries. Innovizs LiDAR sensors adopt solid-state technology and offer high resolution, sensitivity, and long-range detection. Macnica will sell InnovizPro for the industrial market and InnovizOne, an automotive-grade LiDAR adopted by a major vehicle manufacturer. Sample shipments of InnovizOne are scheduled to begin in 2020, with mass production starting in 2021. This partnership will contribute to the growth of Macnica by expanding its product offerings to domestic automobile and automotive parts manufacturers, construction machinery, and agricultural machinery manufacturers.
Partners
growth-positive
LiDAR Startup Innoviz Bolsters Recent Round With $38 Million
Israel-based LiDAR startup Innoviz Technologies has raised an additional $38 million in its series C funding round, bringing the total to $170 million. The new investor or investors were not disclosed. Innoviz develops low-cost, small-size LiDAR systems for autonomous vehicles and has partnerships with automakers such as BMW and Samsungs Harman International Industries Inc.
Investment
growth-positive
Israeli car laser sensor co Innoviz raises $132m
Israeli startup Innoviz Technologies has completed a $132 million Series C financing round, bringing its total funding to $214 million. The round was led by Chinese funds and Israeli investment institutions. Innoviz is developing a radar laser (LiDAR) for the auto industry based on semiconductors. The companys LiDAR sensor enables remote 3D scanning and provides a high-definition image of a vehicles surroundings in all weather conditions. Innoviz has formed partnerships with leading auto suppliers and will install its sensors in BMW vehicles through Magna. The company plans to produce its new sensor in China and is working on setting up a production line in the country. Innoviz is also expanding into the Chinese market and hiring more employees.
InvestmentPartners
growth-positive
Harman Partners with Israel-based LiDAR Startup Innoviz
Harman International Industries Inc. is partnering with Innoviz Technologies Ltd. to integrate a LiDAR sensor into autonomous driving systems. Harman was acquired by Samsung in 2017. Innoviz, founded in 2016, has raised $82 million and will provide its LiDAR systems to BMW for use in autonomous vehicles.
Partners
growth-positive
Israeli car laser radar chip co Innoviz expands worldwide
Innoviz, an Israeli car laser radar chip company, has opened offices in China, Germany, the US, and Japan. The company is expanding its global business to gain proximity to markets with strong demand for its products. Innoviz is hinting that its products are being included in smart and autonomous vehicle projects for public transportation. In the Chinese market, the company has collaborated with a large local tier-1 auto industry supplier and appointed a new manager with connections to the Chinese regulatory system. Innoviz raised $70 million last year and is currently in the midst of another financing round at a higher company value.
CustomersPartnersInvestment
growth-positive
Innoviz's Solid-State LiDAR Wins CES 2019 "Best of Innovation" Award
Innoviz Technologies has been awarded the 2019 CES Best of Innovation honor for its InnovizOne automotive-grade solid-state LiDAR and Computer Vision software. The LiDAR technology is considered a key building block in the race to commercialize autonomous vehicles. InnovizOne is the first and only LiDAR capable of delivering a commercially viable, automotive-grade, solid-state sensor. BMW has recently chosen to deploy InnovizOne as part of its autonomous vehicles program starting in 2021, indicating a paradigm shift in the industry. Innovizs LiDAR solution offers superior depth perception necessary for autonomous driving. The company has also received CES Innovation Awards recognition for its InnovizPro high-definition, solid-state LiDAR. Innoviz Technologies has raised $82 million in venture capital funding and has strategic partnerships with Tier 1 solution providers including Aptiv, Magna International, HiRain Technologies, and Samsung HARMAN.
CustomersPartners
growth-positive
HiRain Technologies Partners with Innoviz to Market Low-Cost LiDARs in China
Israel-based Innoviz Technologies has partnered with HiRain Technologies, an electronics supplier for the Chinese automotive market, to market Innovizs LiDAR technologies in China. Innoviz plans to launch an office and manufacturing facility in China. LiDAR is an imaging technology used in autonomous vehicles. Innoviz has raised $82 million in investment and its LiDAR product, InnovizOne, will be available in 2019. BMW has selected Innovizs LiDAR for series production of its autonomous vehicles starting in 2021. HiRain is a Beijing-based automotive electronic products supplier and is influential in the Chinese automotive industry.
Partners
growth-positive
BMW to Use Low-Cost LiDAR Developed by Israeli Startup in Upcoming Autonomous Vehicle
Automaker BMW plans to use LiDAR systems developed by Innoviz Technologies in its autonomous vehicles. The LiDAR systems will be installed by Magna International, a strategic investor in Innoviz. The financial terms of the deal were not disclosed. Innoviz develops low-cost, small-size LiDAR systems and recently launched the InnovizPro, a standalone LiDAR system at a lower price than the market average. The partnership with BMW is expected to lead to mass production of fully autonomous vehicles and open doors to the rest of the industry.
Partners
growth-positive
Innoviz Launches Low-Cost LiDAR System for Autonomous Cars
Israel-based LiDAR startup Innoviz Technologies has launched InnovizPro, a standalone, solid-state, MEMS-based scanning LiDAR system. The system is marketed at a significantly lower price than the market average, making it more accessible for automakers. Innoviz is also looking to enter additional markets such as industrial automation, security and surveillance, and logistics. The company has previously raised $82 million in equity funding, with investors including Delphi Automotive PLC and Magna International.
CustomersPartnersInvestment
Israeli self-driving car startup Innoviz launches advanced LiDAR - SiliconANGLE
growth-positive
Innoviz Technologies Extends Series B Funding to $73 Million
Innoviz Technologies, a provider of LiDAR sensing solutions for autonomous vehicles, has announced an extension of its Series B funding round, bringing the total to $73 million. The new funding comes from strategic investors Samsung Catalyst and SoftBank Ventures Korea. Innoviz plans to use the funding to grow its team and fill positions in R&D, Operations, Marketing, and Business Development. The companys LiDAR solution is set to begin mass production, and it aims to deliver highly accurate and long-ranging autonomous vehicle sensing capabilities. Innovizs solid-state design allows it to deliver LiDAR at a lower cost than competitors. The company also plans to release a development platform and an automotive-grade LiDAR device in the coming years. This latest funding brings Innovizs total funding to $82 million.
InvestmentExpand
growth-positive
LiDAR maker Innoviz raises $65M from Delphi, Magna and more
Innoviz, a company making LiDAR sensors for autonomous driving, has raised $65 million in Series B funding. The funding comes from strategic partners Delphi Automotive and Magna International, along with other investors. The funding will help Innoviz continue to push towards mass production of their LiDAR solution. Innoviz plans to offer a development-focused version of its tech in 2018 and an automotive-grade LiDAR sensor for production vehicles in 2019. The companys strategic partners are already working with Innoviz to bring autonomy to automotive OEMs and create integrations with self-driving systems. Innoviz expects a second closing of the funding round with new partners and funding to follow.
InvestmentPartnersExpand
growth-positive
Delphi Inks Partnership Deal with Israeli Tech Start-Up - The Detroit Bureau
Delphi Automotive has signed a commercial partnership agreement with Innoviz Technologies, an Israeli technology firm developing Lidar systems for autonomous vehicles. Delphi has also taken a minority stake in Innoviz. The partnership will integrate Innovizs Lidar sensing solutions into Delphis systems, providing a comprehensive portfolio of autonomous driving technologies. This partnership is part of the race among car makers, suppliers, and tech companies to develop automated vehicles. Delphi sees Lidar as an essential component of their automated driving perception suite. Innovizs Lidar solution offers superior performance at a reasonable price and in a smaller footprint, which is crucial for mass commercialization of autonomous driving. Innoviz was founded in 2016 by former members of the Israeli Defense Forces and is backed by investors including Vertex.
Partners
N/A
http://www.laserfocusworld.com/articles/2017/05/innoviz-teams-with-jabil-to-mass-produce-autonomous-vehicle-lidar-solution.html
The article does not provide any information about the company or its activities.
growth-positive
Innoviz Technologies Selected from Among 300 Companies to Participate in Startup Autobahn 2017
Innoviz Technologies, an Israeli startup that provides LiDAR remote sensing solutions for autonomous vehicles, has been selected to join the Startup Autobahn program. The program, which is run by representatives from Daimler, HPE, Plug and Play, University of Stuttgart and ARENA2036, aims to identify and support breakthrough technologies in the automotive space. Innovizs flagship product, InnovizOne, is a high definition solid state LiDAR that enables 3D remote sensing to produce real-time images of a vehicles surroundings.
Partners
growth-positive
Magna taps Innoviz for LiDAR to add to its autonomous driving system
Magna International is partnering with LiDAR-maker Innoviz to enhance its sensor fusion capabilities for self-driving vehicles. The addition of Innovizs LiDAR sensor expands Magnas suite of sensing capabilities, which includes carmakers, ultrasonic, and RADAR fusion. Innoviz is developing solid-state LiDAR technology to reduce the size and cost of components. Magna, a major supplier to automakers, aims to sell its self-driving systems as a Tier 1 supplier once the technology and regulations align. The partnership with Innoviz will help Magna provide automakers with everything they need to produce self-driving cars. Magna has been investing heavily in autonomous driving technology but believes widespread availability to consumers is still a long way off due to cost considerations.
PartnersExpand
growth-positive
http://www.jpost.com/Business-and-Innovation/Tech/Israeli-start-up-advancing-solid-state-laser-detection-system-for-autonomous-cars-471995
Israeli startup Innoviz Technologies aims to make autonomous vehicles more affordable by revamping the detection technology. They plan to release a prototype of their High Definition Solid State LiDAR, a radar detection system that uses laser technology to scan an area. Innoviz promises a detection device that costs only $100 and is much smaller and lighter than existing LiDAR systems. The company has already raised $9 million in funding, with an initial investment of $1 million from Zohar Zisapel. Innovizs solid state LiDAR uses silicon chips instead of moving parts, allowing for greater precision and performance. They plan to unveil a demo by the end of the year and release the full product in about a years time.
InvestmentExpand
growth-positive
Car automation co Innoviz raises $9m
Innoviz Technologies has raised $9 million in a Series A financing round to develop its Lidar laser sensor for autonomous cars. The sensor, called High Definition Solid State Lidar, provides detailed 3D sensing and will be used in the complete sensing system required for autonomous driving. The company plans to present a product prototype by the end of 2016. The investment round included venture capital funds Vertex, Magma, and Amiti Ventures, as well as Delek Investments and Properties Ltd. and Zohar Zisapel. Zisapel, the companys chairman, described the lack of a quality Lidar at an affordable price level as a significant problem for the autonomous car industry.
Investment
Innoviz Technologies Team
Elad Hofstetter
CBO
Employee Info
| Employees (range) | 201-500 |
| Exact count | 454 |
| Team members | 7 |
Similar Companies
Similar companies data is computed dynamically and not stored in the entity profile. This section requires implementing a similarity query (e.g. by classification overlap, sector, district).
This entity has 14 classification IDs that could be used for matching.
Innoviz Technologies Internal
Recent Updates
No update log entries.
Note: Free-text notes visible in the original Finder "Internal" tab are not present in the imported profile data. Only the update audit log is available.
Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515382422 |
| Crunchbase | Innoviz Technologies |
| Phone | +972747003692 |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2023-11-15T00:00:00.000Z |
| Created | 2016-05-18T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Public on NASDAQ on Apr, 2021; |