Innoviz Technologies' Series C Funding Round Closes at $170M,
Innoviz Technologies' Series C Funding Round Closes at $170M, Strengthens the Company's Leadership Position in the Solid-State LiDAR and Perception Software Space
Innoviz adds computer vision industry luminaries to its roster to further enhance its perception software offering for customers.ROSH HA'AYIN, Israel, June 10, 2019 — (PRNewswire) — Innoviz Technologies, a leading provider of high-performance, solid-state LiDAR sensors and perception software, announced today that it has closed its Series C funding round with $170M secured. The close of the Series C round brings Innoviz's total funding to $252M.
This funding will support several key initiatives, including the enhancement of Innoviz's perception software. Innoviz's perception software remains a significant differentiator for the company by providing vehicles with a deep understanding of the 3D driving scene, including superior object detection (with up to 50 times greater efficiency than industry and academic standards), classification, segmentation and tracking technology to complement Innoviz's LiDAR hardware offerings. In addition, Innoviz has secured two computer vision industry experts, Dr. Raja Giryes and Or Shimshi, to serve as strategic collaborators to the product and software team, leveraging their extensive experience, deep learning and machine learning techniques to grow Innoviz's lead in providing unparalleled perception software as part of its holistic hardware and software stack. Dr. Raja's...