Innoviz Technologies Raises $9M in Series A Financing

Innoviz Technologies Ltd., a Kfar Saba, Israel-based developer of advanced sensors and systems enabling fully autonomous vehicles, emerged from stealth mode and raised $9m in Series A financing round.

Backers included Mr. Zohar Zisapel, Vertex Venture Capital, Magma Venture Partners, Amiti Ventures and Delek Investments.

Founded in 2016 by Omer Keilaf, Oren Rosenzweig, Oren Buskila and Amit Steinberg, Innoviz has developed LiDAR, a laser based sensor providing an accurate scan of the vehicle’s surrounding to enable fully autonomous driving.

The company plans to present its prototype product by the end of 2016.

FinSMEs

08/08/2016