Innoviz Technologies and Cogniteam Partner to Deliver Advanced Safety and Security Solutions with InnovizSMART and Cogniteam's Analytics
Rhea-AI Summary
Positive
- Partnership combines advanced LiDAR technology with AI analytics to create a comprehensive security solution
- InnovizSMART offers impressive 400-meter detection range and operates effectively in harsh conditions
- Solution is already deployed and available as an off-the-shelf, turnkey product
- System provides real-time monitoring with instant mobile notifications, reducing response time
Negative
- None.
Insights
Innoviz's partnership with Cogniteam creates a turnkey LiDAR security solution, expanding its market beyond automotive into high-margin security applications.
This strategic partnership between Innoviz and Cogniteam represents a significant market expansion opportunity for Innoviz beyond its core automotive LiDAR business. By integrating InnovizSMART's long-range LiDAR technology (capable of 400-meter detection range) with Cogniteam's AI analytics platform, Innoviz is positioning itself in the growing security and infrastructure protection market with an off-the-shelf solution.
The partnership leverages Innoviz's existing InnovizSMART product line, creating an additional commercialization pathway without requiring major new product development investments. What's particularly notable is that this solution is already deployed in security settings, indicating immediate revenue potential rather than just a conceptual partnership.
For Innoviz, this diversification is strategically important as it reduces dependence on the automotive sector, which has longer sales cycles and more concentrated customer risk. The security market typically offers higher margins and faster sales cycles than automotive applications. The joint offering's ability to function in harsh environmental conditions (dust, sunlight, rain) also positions it for critical infrastructure protection applications where reliability demands are high.
This partnership aligns with broader industry trends toward AI-enhanced LiDAR solutions that provide not just raw data but actionable intelligence. By delivering a complete solution with mobile notifications and real-time monitoring capabilities, Innoviz and Cogniteam are addressing the growing market demand for integrated security technologies that reduce response times and improve threat detection accuracy.
Partnership combines InnovizSMART's Long-Range LiDAR with Cogniteam's AI-driven analytics for an off-the-shelf solution to enhance real-time safety, security and threat detection
InnovizSMART enables accurate object detection even in harsh outdoor conditions, like dust, sunlight, and rain, and has outstanding long-range capabilities of up to 400 meters. When integrated with Cogniteam's intelligent analytics, the combined solution allows real-time monitoring and enhanced threat detection by sending instant notifications to the customer's mobile device, reducing response time and improving decision-making processes. With Innoviz's Long-Range LiDAR and Cogniteam's advanced software, the combined solution provides a comprehensive, plug-and-play system for users.
"We are excited to partner with Cogniteam to bring a state-of-the-art, integrated security solution to the market," said Elad Hofstetter, Chief Business Officer at Innoviz. "InnovizSMART's high-performance LiDAR, combined with Cogniteam's AI-powered analytics, offers an improved solution for real-time monitoring, object detection, and threat identification. This partnership aligns with our commitment to providing intelligent tools that enhance safety and security across various industries."
"Cogniteam's platform, combined with InnovizSMART's advanced LiDAR, makes it easier than ever for organizations to protect critical infrastructure," said Dr. Yehuda Elmaliah, Co-founder and CEO of Cogniteam. "Together, we are providing an intelligent, scalable solution that empowers customers to quickly deploy and monitor no-entry zones, ensuring safety and security at all times."
InnovizSMART Long-Range is a rugged and reliable high-performance LiDAR sensor tailored for smart applications such as security, mobility, aerial, robotics, and intelligent traffic management. It features low-power consumption, a uniform field of view, and high-resolution 3D point cloud, that enables accurate object detection at distances of up to 400 meters.
Already deployed in security settings, the InnovizSMART and Cogniteam solution is an off-the-shelf, turnkey offering, ready for immediate use by safety and security professionals. This integration exemplifies the growing potential of LiDAR and AI-powered analytics to transform the safety and security industry.
For more information about InnovizSMART Long-Range, email: sales@innoviz-tech.com.
About Innoviz
Innoviz is a global leader in LiDAR technology, serving as a Tier-1 supplier to the world's leading automotive manufacturers and working towards a future with safe autonomous vehicles on the world's roads. Innoviz's LiDAR and perception software "see" better than a human driver and reduce the possibility of error, meeting the automotive industry's strictest expectations for performance and safety. Operating across the
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Forward Looking Statements
This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by Innoviz, the anticipated technological capability of Innoviz's products, the markets in which Innoviz operates and Innoviz's projected future operational and financial results. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.
Many factors could cause actual future events to differ materially from the forward-looking statements in this announcement including but not limited to, the ability to implement business plans, forecasts, and other expectations, the ability to convert design wins into definitive orders and the magnitude of such orders, the ability to identify and realize additional opportunities, potential changes and developments in the highly competitive LiDAR technology and related industries, and our expectations regarding the impact of the evolving conflict in
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SOURCE Innoviz Technologies
FAQ
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