11 Sep 2017

Globes: Israeli car sensor co Innoviz raises $65m

The Kfar Saba based company also announced today that its groundbreaking LiDAR solution has moved into mass production.

Israeli car sensor company Innoviz Technologies has raised $65 million in a Series B financing round. Strategic partners and tier 1 suppliers Delphi Automotive PLC and Magna International participated in the round, along with additional new investors including 360 Capital Partners, Glory Ventures, Naver and others. All Series A investors, including Zohar Zisapel, Vertex Venture Capital, Magma Venture Partners, Amiti Ventures and Delek Motors, participated in the round. The company has raised $74 million to date including this round and a second closing of this round will be announced soon, introducing additional strategic partners.

Read more here: http://www.globes.co.il/en/article-israeli-car-sensor-co-innoviz-raises-65m-1001204390