BMW has selected Israeli startup Innoviz Technologies, the developer of advanced laser-based sensor solutions (LiDAR), for series production of its autonomous and semi-autonomous series of vehicles starting in 2021. BMW selected as well the company’s advanced computer vision capabilities to help Levels 3 – 5 autonomous cars “see” their surroundings.
LiDAR technology uses proprietary System, MEMs and Detector designs to deliver superior sensing capabilities, even in challenging environments such as bright direct sunlight, varying weather conditions and multi-LiDAR environments.
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Innoviz is also responsible and is providing the entire advanced computer vision software stack, such as object detection, tracking, classification as well as other functions used for autonomous driving insights and decisions.
The finished integrated product will be installed in BMW vehicles by Magna, one of the world’s leading auto industry suppliers and a leading investor in Innoviz.
BMW selected Innoviz following a long testing process, to meet BMW high safety, reliability, and technological performance standards.
Innoviz was also capable of providing a deep learning-based algorithmic envelope that analyzes the surroundings and detects the objects, obstacles, and travel routes. The comprehensive and multi-layer solution combines a sensor, a hardware system, software, and a decoding layer.
Founded in early 2016 and backed by US$82 million in funding, Innoviz has moved from research and development to mass production with unprecedented speed, becoming one of the first LiDAR providers to deliver a complete product to market.
With more than 150 employees worldwide, Innoviz has signed strategic partnerships to manufacture as well as integrate its LiDAR into the autonomous driving systems of market leaders and Tier-1 suppliers.
Innoviz is backed by strategic partners and top-tier investors including Aptiv (Delphi), Magna International, Samsung Catalyst, SoftBank Ventures Korea, 360 Capital Partners, Glory Ventures, Naver and others.