Innoviz Technologies Ltd. (INVZ)

Innoviz Technologies Ltd. is an Israeli company, incorporated in 2016, that describes itself as a leading Tier-1 direct supplier of high-performance, automotive-grade LiDAR sensor platforms and complementary software stacks. Its solutions are meant to enable "Physical AI" through safe autonomous driving and other perception-focused applications at mass scale. The company became publicly listed through a combination with Collective Growth that closed on April 5, 2021. It built its LiDAR sensor from the chip level up, using a ~905nm direct-detection Time-of-Flight architecture and a proprietary signal processing ASIC.

The product portfolio includes InnovizOne, a solid-state LiDAR sensor; InnovizTwo Long-Range; and InnovizTwo Short- to Mid-Range, which covers 0.2m to 100m. InnovizThree, the third-generation platform announced in December 2025, is in development with engineering samples produced. The company also provides proprietary perception software that turns point cloud data into perception-ready outputs and delivers ASIL B(D) performance, and it is developing an edge-processing ECU. In non-automotive markets it offers the InnovizSMART product line, launched in June 2025 on the InnovizTwo platform, for smart infrastructure, perimeter security, traffic management, robotics and aerial uses. It has also announced integration of its InnovizSMARTer LiDAR with NVIDIA Jetson Orin Nano. It holds certifications including ISO26262, IATF 16949, ISO/SAE 21434, ASPICE CL1, ISO/IEC 17025:2017 and ISO/IEC 27001:2022. As of December 31, 2025, it owned 81 issued patents and had 124 pending patent applications.

Innoviz serves OEMs and Tier-1 partners developing vehicles for the passenger car, robotaxi, shuttle, delivery vehicle and truck markets, covering Level 2+ through Level 4 autonomy. Key relationships include BMW (Level 3 program, with vehicles beginning to be sold in 2024), Volkswagen (direct LiDAR supplier using InnovizTwo), Mobileye (InnovizTwo for the Mobileye Drive platform) and Daimler Truck (selected in September 2025 as a future series production supplier for Level 4 class-8 trucks). It is working with OEMs in Europe, Asia and North America. It sells through a direct sales organization and distribution channels, and uses channel partners for non-automotive markets. In August 2025 it launched an at-the-market program of up to $75 million with Jefferies LLC.

The company develops its critical LiDAR components in-house rather than using off-the-shelf commodity components, and it is expanding third-party manufacturing capacity through contract manufacturers with automotive-grade facilities. Research and development is its largest department, with 283 employees as of December 31, 2025, and is largely conducted at its headquarters at 5 Uri Ariav St., Rosh HaAin, Israel. Competitors include other LiDAR developers using ~905nm and ~1550nm wavelengths, ToF and FMCW detection and various steering mechanisms, as well as Tier-1 suppliers, other automotive technology companies, and camera- and radar-based sensing providers. Some customers have also announced efforts to develop their own sensing technologies.