Innoviz Technologies Ltd., an Israeli company founded in 2016 and based in Rosh HaAyin, specializes in the development and production of cutting-edge solid-state LiDAR sensors, alongside innovative perception software. Their core mission is to accelerate the widespread commercialization of autonomous vehicles. The company's product portfolio includes InnovizOne, an automotive-grade, solid-state LiDAR sensor engineered for high-volume manufacturing. This sensor is specifically tailored for automakers, robotaxi fleets, shuttle services, and logistics companies, providing an essential component for achieving Level 3 through 5 autonomous capabilities while ensuring the safety of passengers and pedestrians. Innoviz also offers InnovizTwo, another automotive-grade LiDAR sensor designed to support all levels of autonomous driving, with the added flexibility of integrating perception software directly within the sensor. For versatile environmental sensing, Innoviz360 provides a 360-degree LiDAR solution applicable in both automotive and various non-automotive contexts. Furthermore, Innoviz supplies a sophisticated perception application, a software solution that transforms raw point cloud data from the InnovizOne LiDAR into actionable perception outputs, offering detailed scene understanding and delivering an automotive-grade ASIL B(D) compliant system. The company's operational footprint spans multiple continents, encompassing Europe, the Asia Pacific region, the Middle East, Africa, and North America.
Innoviz Reports Second Quarter 2026 Results
Innoviz reported record second-quarter revenue of $18.1 million, an increase from $9.7 million in the prior year, driven by both NRE services and LiDAR unit sales.
The company expanded its addressable market by launching the Perciz brand for defense and security, securing its first defense orders totaling $3.5 million and appointing the former CEO of Rafael Advanced Defense Systems to its board.
Management reiterated its full-year 2026 revenue outlook of $67 million to $73 million and bolstered its balance sheet with approximately $30 million in gross proceeds from a registered direct offering that closed in late July.