Driver assistance systems (ADAS) and autonomous driving are both concepts that rely heavily on the processing of data. Information is everything. All of that data is captured by sensors, including cameras, radar and – now – LIDAR. There have been a number of companies developing LIDAR, and today, OEMs and Tier 1s can talk to Velodyne, Leddar Tech, Trilumina, Tetravue or, perhaps, Israeli company Innoviz, the subject of this article.
In the space of just a couple of years, Innoviz has seemingly come from nowhere. It is backed by strategic partners and top tier investors including Aptiv (Delphi Automotive), Magna International, Samsung Catalyst, SoftBank Ventures Korea, 360 Capital Partners, Glory Ventures, Naver and others. Despite being the new kid on the block, and alongside its Tier 1 partner Magna, Innoviz can now claim to be BMW’s LiDAR partner for cars that will soon be in mass production. In addition to this, Innoviz has partnered with Chinese automotive industry supplier HiRain Technologies to present LiDAR to the Chinese OEMS and to address the booming automotive market in that territory. Who has been behind this meteoric growth, and how on earth has a small Israeli company achieved so much, so quickly?
To find out, Vince Holton talked with Innoviz CEO Omer Keilaf, and you can read the full story in issue 11.