Pod Save America Hosts Call on Democrats to Cut All Israel Military Aid, No Longer Accept AIPAC Funding
Jews, Israelis Targeted in Austria Amid Surge in Antisemitic Incidents; Local Jewish Community Calls for Action
‘All of Our Strength’: Over 1,000 Pro-Israel Activists Gather in DC for Solidarity Conference
‘Devastated’: Wesley LePatner, Killed in Manhattan Mass Shooting, Was a Jewish Communal, Philanthropic Leader
Sen. Angus King Vows to No Longer Vote for Israel Military Aid Until Gaza Conditions Improve
Europe Won’t Pressure Israel to ‘Commit Suicide’ Amid Gaza Backlash, Palestinian State Push, Says Israeli FM
Israel’s National Soccer Coach Attacked in Athens Before Soccer Fans Chant ‘F–K Israel, Free Palestine’ at Match
New York Judge Sentences Neo-Nazi to 5 Years for Livestreaming Bomb Threats Against Jewish Hospitals
US Pressures Lebanon to Issue Cabinet Decision to Disarm Hezbollah Before Talks Continue
UK Plans to Recognize Palestinian State in September Unless Israel Meets Conditions, Starmer Says
Report: Israel’s Innoviz Raising $100 Million in Private Funding
Error: Contact form not found.
by Reuters and Algemeiner Staff
The homepage of the Innoviz Technologies’ website. Photo: Screenshot.
Innoviz Technologies, an Israeli maker of laser-based lidar sensors for self-driving cars, is raising $100 million in private investment at a company valuation of $500 million, the Calcalist financial news website said on Tuesday.
Among the lead investors in this round is a large Chinese investment firm, the website said.
When contacted by Reuters, Innoviz CEO Omer Keilaf declined to comment on the report.
Founded in 2016, Innoviz has raised $82 million to date from investors like automotive suppliers Magna International and Aptiv and Chinese venture capital firm Glory Ventures.
Lidar sensors are seen by most experts as a crucial element for full self-driving cars.
Last year the company signed a deal with partner Magna to supply lidar to BMW. It also formed a partnership with Beijing-based auto products supplier HiRain Technologies to provide lidar to Chinese automakers.
