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Innoviz Technologies’ Series C Funding Closes at $170 Million

Innoviz Technologies' Series C Funding Closes at $170 Million
Credit: innoviz.tech

LiDAR sensors and perception software provider Innoviz Technologies secured a $170 million Series C funding round, bringing Innoviz’s total funding to date to $252 million.

Innoviz’s perception software is designed to provide vehicles with superior object detection (with 50 times greater efficiency than industry and academic standards), classification, segmentation and tracking technology to complement Innoviz’s LiDAR hardware offerings.

The company plans to use the funding to support several key initiatives, including the enhancement of Innoviz’s perception software.