Innoviz Technologies

InnovizOne is the company's first automotive-grade solid-state LiDAR, selected by BMW for Level 3 autonomous vehicle integration. InnovizTwo was developed subsequently to offer improved performance at a lower price point, targeting broader integration into Level 2+ and Level 3 passenger vehicles, and was selected by Volkswagen's CARIAD division. Innoviz360 was introduced as a spinning LiDAR model for 360-degree coverage applications and non-automotive use cases. The hardware is paired with proprietary perception software that translates raw point-cloud data into object detection, classification, and tracking metrics.

Innoviz competes directly with public LiDAR companies such as Luminar Technologies, Ouster, Hesai, and Valeo. Unlike Luminar's 1550nm wavelength approach, Innoviz uses a 905nm system combined with MEMS to optimize for mass-production costs. The company holds major contracted design wins, notably the 2018 BMW agreement (partnered with Magna) and a multi-billion dollar forward-looking order book with VW announced in 2022. The company faces sector-wide headwinds, as delayed autonomous vehicle timelines from OEMs have caused significant stock price contractions and cash-preservation measures across the LiDAR industry.

The headquarters and primary R&D center are located in Rosh HaAyin, employing the vast majority of its workforce of several hundred people. The founders and many technical leaders originated from IDF Unit 81, which serves as a natural talent pipeline for hardware and electro-optics engineering in Israel. The local site primarily hires for hardware engineering, optics, algorithm development, and embedded software. The Rosh HaAyin office was impacted by the early 2024 headcount reductions as the company adjusted its cash burn rate.