Innoviz Technologies

Innoviz Technologies Ltd. designs and manufactures solid-state LiDAR sensors and perception software that enable the mass production of autonomous vehicles. It offers InnovizOne, an automotive-grade, mass-producible LiDAR sensor, InnovizTwo, next generation high-performance automotive-grade LiDAR sensor, and Innoviz`s perception software, designed to complement its hardware offerings with advanced AI and machine learning-based classification, detection and tracking features. The firm is backed by top-tier strategic partners and investors, including SoftBank Ventures Asia, Samsung, Magna International, Aptiv, Magma Venture Partners, Vertex Ventures, 360 Capital Partners, Harel Insurance Investments and Financial Services, Phoenix Insurance Company and others. The company was founded by Omer David Keilaf, Oren Buskila and Oren Rosenzweig on January 18, 2016 and is headquartered in Rosh Haayin, Israel.

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Innoviz Technologies surpasses Q2 revenue expectations, eyes growth opportunities

Innoviz Technologies demonstrated strong revenue performance and margin improvement in Q2 2024.
While facing challenges in revenue guidance for Q3, the company is optimistic about operational targets.
Securing key partnerships and focusing on technology advancements position Innoviz well for future growth.

Innoviz Technologies excels in Q3, eyes revenue growth opportunities

Innoviz Technologies delivered a strong Q3 performance, exceeding revenue expectations and improving financial efficiency.
Strategic partnerships and technological advancements enhance the company's competitive position and revenue growth potential.
Challenges include pipeline uncertainties and the need for careful expense management to achieve financial targets.
Opportunities lie in lower cash burn, diverse program pipeline, and advanced technologies driving future growth.

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Innoviz Technologies Ltd. designs and manufactures solid-state LiDAR sensors and perception software that enable the mass production of autonomous vehicles. It offers InnovizOne, an automotive-grade, mass-producible LiDAR sensor, InnovizTwo, next generation high-performance automotive-grade LiDAR sensor, and Innoviz`s perception software, designed to complement its hardware offerings with advanced AI and machine learning-based classification, detection and tracking features. The firm is backed by top-tier strategic partners and investors, including SoftBank Ventures Asia, Samsung, Magna International, Aptiv, Magma Venture Partners, Vertex Ventures, 360 Capital Partners, Harel Insurance Investments and Financial Services, Phoenix Insurance Company and others. The company was founded by Omer David Keilaf, Oren Buskila, and Oren Rosenzweig on January 18, 2016 and is headquartered in Rosh Haayin, Israel.

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Luminar Technologies

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Innoviz Technologies Ltd. (NASDAQ:INVZ ) Q3 2022 Earnings Conference Call November 9, 2022 9:00 AM ET Company Participants Omer Keilaf - Chief Executive Officer Eldar Cegla - Chief Financial Officer Conference Call Participants Mark Delaney - Goldman Sachs Jared Maymon - Berenberg Andres Sheppard - Cantor Samik Chatterjee - JPMorgan McClain Culver - Rosenblatt Securities Operator Please go ahead.

Innoviz Technologies Ltd. (INVZ) Q3 2022 Earnings Call Transcript

New customer win in Asia expands Innoviz's geographic footprint and adds new leading autonomous driving platform partner Innoviz grew its forward-looking order book to $6.9 billion, upgraded production throughput, shipped D-Sample units to customers, and accelerated its momentum in non-automotive markets TEL AVIV, Israel , Nov. 9, 2022 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) (the "Company" or "Innoviz"), a Tier-1 supplier of high-performance, solid-state LiDAR sensors and perception software, today provided updates on commercial progress, technology leadership, and corporate developments and reported its financial results for the third quarter ended September 30, 2022.

Innoviz Technologies Provides Commercial Updates and Reports Third Quarter 2022 Financial Results

Innoviz is announcing its first Global Distributor Summit as it ramps the production of InnovizOne to meet strong demand from automotive & non-automotive markets.                            Innoviz is hosting a 3-day Global Distributor Summit in its new Israeli headquarters from November 14-17 with partners and distributors from around the world, including Europe, North America, Japan, Taiwan and Korea already registered to attend.

Innoviz Technologies to Host a 3-Day Global Distributor Summit and Expand LiDAR Sales for Non-Automotive Markets

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TEL AVIV, Israel and TOKYO , Oct. 26, 2022 /PRNewswire/ -- Innoviz Technologies (Nasdaq: INVZ) (the "Company" or "Innoviz"), a technology leader of high-performance, automotive-grade LiDAR sensors and perception software, today announced its partnership with Kudan (Tokyo Stock Exchange securities code: 4425, hereafter "Kudan"). Kudan's perception software allows machines to generate 3D maps of surrounding environments and gain autonomous mobility based on Innoviz LiDARs.

Innoviz and Kudan Announce Partnership for LiDAR-Based Geospatial Mapping Solution Across Various Industries and Use-Cases

TEL AVIV, Israel , Oct. 26, 2022 /PRNewswire/ -- Innoviz Technologies (NASDAQ: INVZ), a leading provider of high performance, solid-state LiDAR sensors and perception software, today announced that it will release its earnings results for the third quarter ended September 30, 2022 on Wednesday, November 9, 2022 before the market opens. Innoviz will host a conference call and webinar on the same day at 9:00 a.m.

Innoviz Sets Third Quarter 2022 Conference Call for Wednesday, November 9 at 9:00 a.m. ET

The loss-making company is making moves to shore up its finances.

Why Innoviz Stock Fizzled Out on Thursday

TEL AVIV, Israel , Sept. 29, 2022 /PRNewswire/ -- Innoviz Technologies Ltd.

Innoviz Files Universal Shelf Registration on Form F-3

Innoviz has proven itself to be a leader in the LiDAR space as it becomes a tier 1 supplier for the second largest car manufacturer in the world. The Volkswagen win demonstrates Innoviz's strong value proposition with its higher performance and lower cost, especially for its new InnovizTwo.

Innoviz: Likely To Be The LiDAR Leader Of The Future

Lidar stocks Luminar (NASDAQ: LAZR ) and Innoviz (NASDAQ: INVZ ) are trending on social media this morning and are both climbing 7%-8% in early trading. The stocks are advancing after JPMorgan initiated coverage of both names with “overweight” ratings this morning.

Why Are Lidar Stocks LAZR, INVZ Climbing Higher Today?

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Sensagrate integrates InnovizOne LiDAR with its SensaVision Platform to promote pedestrian and driver safety through intelligent traffic analytics and data collection. Sensagrate is leveraging InnovizOne LiDAR to solve smart city challenges at additional sites in the U.S., including Phoenix, Scottsdale ,  and Tucson , AZ, through partnerships with government transportation agencies to pilot emerging technology using LiDAR sensors.

Innoviz Technologies and Sensagrate Launch Smart Corridor at University of California, Los Angeles (UCLA)

This lidar company continues to ink major deals with partners around the world.

Why Shares of Innoviz Technologies Are Rising This Week

Selection Represents Innoviz's Fourth Major Design Win and Second Nomination for Series Production of Passenger Vehicles as a Direct Supplier TEL AVIV, Israel , Sept. 8, 2022 /PRNewswire/ -- Innoviz Technologies Ltd.

Innoviz Selected by Leading Asia-based Automotive OEM to Serve as Direct LiDAR Supplier for Series Production Passenger Vehicles

HiRain's Convolutional Neural Network (CNN) solution using InnovizOne LiDAR unlocks operational efficiency and port safety TEL AVIV, Israel and BEIJING , Sept. 5, 2022 /PRNewswire/ -- Innoviz Technologies  (NASDAQ: INVZ), a leading provider of high-performance, automotive-grade LiDAR sensors and perception software, and its strategic partner HiRain Technologies , a leading Tier 1 solutions provider for the Chinese automotive market, today announced the deployment of InnovizOne LiDAR sensors at ports across China, including on HiRain's autonomous trucks and AGVs.

Innoviz and HiRain Technologies Deploy InnovizOne Across Shipping Ports in China

Innoviz wins a supply deal with Volkswagen Group, setting a new benchmark for the industry. The company's mass production model has a lower average selling price than Luminar.

Innoviz Comes On The Top In Q2 - A Part II Of Lidar Cash Runway

Innoviz Technologies, Inc. (NASDAQ:INVZ ) Q2 2022 Earnings Conference Call August 10, 2022 9:00 AM ET Company Participants Omer Keilaf - CEO Eldar Cegla - CFO Conference Call Participants Mark Delaney - Goldman Sachs Andres Sheppard - Cantor Fitzgerald Kevin Cassidy - Rosenblatt Securities Operator Good morning, and welcome to Innoviz Second Quarter 2022 Earnings Conference Call. Joining us today are Omer Keilaf, Chief Executive Officer; and Eldar Cegla, Chief Financial Officer.

Innoviz Technologies, Inc. (INVZ) CEO Omer Keilaf on Q2 2022 Results - Earnings Call Transcript

Investors are sensing that this lidar specialist is on the highway to rapid growth.

Why Shares of Innoviz Technologies Are Racing Higher Today

Selection by Volkswagen's CARIAD as its direct LiDAR supplier for automated vehicles cements Innoviz's Tier 1 status TEL AVIV, Israel, Aug. 10, 2022 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a Tier-1 supplier of high-performance, solid-state LiDAR sensors and perception software, today provided updates on commercial traction, technology leadership, and corporate development and reported its financial results for the second quarter ended June 30, 2022.

Innoviz Technologies Provides Commercial Updates and Reports Second Quarter 2022 Financial Results

After three months of speculation, investors finally learned the identity of the lidar specialist's new customer.

Why Shares of Innoviz Technologies Are Soaring Today

Source: shutterstock.com/temp-64GTX Innoviz (NASDAQ: INVZ ) stock is on the rise Tuesday as investors react to news that Volkswagen (OTCMKTS: VWAGY ) entered into an agreement with it. This will have Innoviz supplying Volkswagen with LiDAR sensors and perception software to CARIAD.

Why Is Innoviz (INVZ) Stock Up 16% Today?

Volkswagen AG

Innoviz Technologies will supply hardware and software to Volkswagen AG's Cariad unit in a deal valued at $4 billion, the Israeli company said on Tuesday.

Lidar maker Innoviz signs $4 bln supply deal with Volkswagen

Building on its win with BMW as a Tier 2 supplier of its first generation LiDAR, Innoviz has secured a production win for the InnovizTwo with a major automotive OEM as a Tier 1 supplier. The implications for OEMs, existing Tier 1 suppliers and independent LiDAR companies are significant.

Innoviz Scores A Major LiDAR Win With A Dominant Automotive OEM- As A Tier 1 Supplier

Lidar start-up Innoviz announces its third design win with an auto maker.

News for Innoviz Technologies Stock (INVZ)