Innoviz Technologies, an Israeli firm that offers high-performance, solid-state LiDAR sensors and perception software, revealed finally that the company with which it entered into a $4 billion agreement is Volkswagen. Specifically, the deal is to provide Lidar technology to CARIAD, an automotive software company owned by Volkswagen.
CARIAD selected the InnovizTwo next-generation LiDAR sensor and perception software. This is Innoviz’s third design win with a major automaker and first deal as a Tier-1 supplier.
Founded in 2016 by Israeli Intelligence Corps veterans from Unit 81 Oren Rosenzweig and Omer David Keilaf, Innoviz produces solid-state LiDAR sensors and perception software that enable the mass-production of autonomous vehicles. Its solutions include InnovizPro and InnovizOne which provides 3D sensing for Level 3-Level 5 autonomous driving.
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Lidar is a component of Advanced Driver Assistance System (ADAS). Lidar measures distances by illuminating a target with laser light and measuring the reflection with a sensor. Differences in laser return times and wavelengths can then be used to make digital 3-D representations of the target.
Advanced driver-assistance systems are electronic systems that have been developed to help drivers to drive and park more safely. A computerized system works together with a driver. ADAS systems use automated technology, such as sensors and cameras, to detect nearby obstacles or driver errors.
The company boasts that its InnovizTwo allow “a safer and smoother adoption of automation, the industry will need to introduce L2+ functionality with hardware that supports L3 and L4 upon launch.” Due to its reduced cost and enhanced performance, says the company, InnovizTwo will allow more car manufacturers to offer safe L2+, while paving the path to full L3 automation in the most efficient and safe way.
With InnovizTwo, car manufacturers, Tier-1s and Innoviz will be able to collect data through their customer base. As new features will continue to be validated and, later, statistically proven. This dynamic will eventually lead to the car’s software to be upgraded to full L3 without any hardware change.
“We are thrilled to work with the CARIAD team and be a supplier of LiDAR sensors and perception software to support safe mobility for vehicles launching from the middle of the decade,” said Innoviz CEO and Co-Founder, Omer Keilaf. “CARIAD is a leading player in the transformation of the whole automotive space. We are proud to be part of their mission.”