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Innoviz Technologies Ltd. (Nasdaq: INVZ) has appointed six new members to its board of directors, enhancing its leadership team following its merger with Collective Growth Corporation (formerly Nasdaq: CGRO) on April 5, 2021. The new board members bring extensive experience from the technology and automotive sectors, including former executives from Orbotech and Apple. CEO Omer Keilaf expressed confidence that this leadership will drive shareholder value and facilitate Innoviz's transition to a public company, focusing on high-performance LiDAR technology for autonomous vehicles.

Innoviz Technologies Ltd. (Nasdaq: INVZ) has appointed six new members to its board of directors, enhancing its leadership following the merger with Collective Growth Corporation (formerly CGRO) on April 5, 2021. The new board members include experienced executives from the technology and automotive sectors, with roles held in notable companies like Orbotech and Apple. This move aims to support Innoviz's growth in the LiDAR market and drive shareholder value as it prepares for high-volume production and deployment of its technology, previously selected by BMW for its autonomous vehicles.

Innoviz Technologies has expanded its board of directors, appointing six industry veterans including Amichai Steimberg as Chairman. This decision follows the company's merger with Collective Growth Corporation (CGRO) on April 5, 2021. The new members bring extensive experience from technology and automotive sectors, enhancing Innoviz's leadership as it aims to increase shareholder value. The company is recognized for its advanced LiDAR technology and has been selected by BMW for its autonomous vehicle program, signaling strong market positioning.

On April 5, 2021, Innoviz Technologies completed its business combination with Collective Growth Corporation (NASDAQ: CGRO). The combined entity will trade under the Innoviz Technologies name on Nasdaq starting April 6, 2021. This merger brings approximately $371 million in gross proceeds, including $141 million from cash held in trust and $230 million from PIPE investments. Innoviz aims to meet rising demand in the automotive sector for LiDAR technology, with ongoing projects with major clients, including BMW. The company is ramping up production of InnovizOne and introducing InnovizTwo.

Innoviz Technologies has launched its new Automotive Perception Platform - InnovizAPP, designed to enhance autonomous vehicle (AV) capabilities. This platform includes advanced hardware and software that allows AVs to identify objects up to 250 meters away. Automakers across Asia, Europe, and North America are already utilizing InnovizAPP to expedite their AV programs. The platform is also based on high-quality, cost-effective components that integrate seamlessly into existing vehicle systems. Additionally, Innoviz is in a merger process with Collective Growth Corporation (NASDAQ: CGRO), expected to boost its market presence.

Innoviz Technologies, a leading LiDAR manufacturer, is merging with Collective Growth Corporation (Nasdaq: CGRO) at a market value of $1.4B. The company partnered with Japan's Macnica to introduce its InnovizOne product to the Japanese market, which has already secured significant purchase orders. InnovizOne, recognized for its high specifications, is utilized by BMW in its iX electric car program. With a growing client base including automotive and industrial sectors, Innoviz aims to expand rapidly in Japan and beyond.

Innoviz Technologies announced a merger agreement with Collective Growth Corporation (NASDAQ: CGRO), backed by a $200 million committed PIPE from Antara Capital and strategic investors like Magna International. The combined firm will retain the Innoviz name and trade under the ticker 'INVZ' on NASDAQ. Innoviz specializes in high-performance solid-state LiDAR sensors, crucial for the autonomous vehicle market. The transaction, expected to close in Q1 2021, aims to enhance Innoviz's position in the $1.4 billion equity market, ensuring continuity in leadership and operations.