Israeli laser sensor developer (LiDAR). INOVIZ TECHNOLOGIES LIMITED The company (Nasdaq: INVZ) said that at CES currently being held in Las Vegas, it will demonstrate how its technology works seamlessly with Nvidia’s DRIVE AGX Orin platform and offers software-based features designed to accelerate self-driving applications.
Innoviz says the collaboration represents a major leap forward in the industry’s transition to high-performance, AI-based systems and that the company’s software allows real-time processing and perception of the vehicle environment and enables exceptional object detection, classification and tracking capabilities. This solution aims to improve safety and performance via autonomous driving and advanced driver assistance systems (ADAS). “At Innoviz, we are relentlessly focused on pushing the boundaries of autonomous driving technology to ensure safer and more reliable systems for the future of mobility,” said Omar Kilaf, CEO of Innoviz. “By leveraging the Nvidia DRIVE Orin platform, we will be able to offer a powerful suite of cutting-edge LiDAR sensors and perception software, enabling automakers to scale from L2+ ADAS all the way to fully autonomous vehicles.”
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Innoviz began trading on Wall Street in 2021 through a SPAC merger at a company valuation of $1.4 billion. Like many companies that completed a SPAC merger at the height of the tech bubble in 2021, Innoviz lost most of its value but has rebounded strongly from its November lows following a collaboration with Mobileye and new revenue from engineering services. The company’s stock price is currently 20% higher giving a market capitalization of $403 million.
Published by Globes, Israel Business News – en.globes.co.il – on January 7, 2025.
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