Israeli startup Innoviz Tech, the developer of technologies for autonomous driving that includes smart 3D sensing, sensor fusion, and accurate mapping and localization, has been awarded the elite 2019 CES “Best of Innovation” honor.
Innoviz technology hailed as the most outstanding product in the “Vehicle Intelligence and Self-Driving Technology” category by the Consumer Technology Association (CTA).
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The company’s automotive-grade LiDAR, InnovizOne, will be available for the market in 2019. Selected by BMW for production of its autonomous vehicles in 2021, signaled Innoviz’s solution as the best fit for mass-produced autonomous vehicles.
Headquartered in Israel, Innoviz was founded in January 2016 by Amit Steinberg, Omer David Keilaf, Oren Buskila, Oren Rosenzweig, and Zohar ZIsapel. Former members of the elite technological unit of the Israeli Defense Forces with renowned expertise in the fields of electro-optics, computer vision, MEMS design and signal processing.
Innoviz 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.
“CES has emerged as the most important automobile technology gathering in the world, so it’s particularly rewarding to be recognized as the highest-rated technology in the vehicle intelligence category by industry influencers for our role in overcoming LiDAR’s key weaknesses in an aggressive timeframe and essentially accelerating the mass commercialization of autonomous vehicles,” said Omer Keilaf, CEO and Co-Founder of Innoviz.
“The data we gather now will provide the necessary guidance to help create standardized benchmarks the entire industry can use to move autonomy forward.”
In 2018, Innoviz also received CES Innovation Awards Honoree recognition in the same category for its groundbreaking InnovizPro™ high-definition, solid-state LiDAR.
With $82 million in venture capital funding, the company has grown and now employs over 200 people, while expanding beyond its Israeli headquarters to include a presence in the US, China, Japan and Europe. It has forged strategic partnerships with Tier 1 solution providers including Aptiv, Magna International, HiRain Technologies and Samsung HARMAN.