Company Description
Innoviz Technologies Ltd. (NASDAQ: INVZ) is a LiDAR technology company that focuses on high-performance, automotive-grade sensor platforms and complementary perception software. According to company disclosures, Innoviz acts as a Tier-1 direct supplier to leading automotive manufacturers and has been selected by internationally recognized premium car brands for use in consumer vehicles, as well as by commercial and industrial customers for a wide range of LiDAR-based applications.
Innoviz is headquartered in Israel, with operations across the U.S., Europe, and Asia. Its shares trade on the Nasdaq stock market under the symbol INVZ. The company positions its LiDAR and perception software as systems that can "see" better than a human driver and are designed to meet strict automotive performance and safety expectations, supporting advanced driver assistance systems and autonomous driving programs.
Core Business and Technology Focus
Innoviz develops and supplies automotive-grade LiDAR sensor platforms and perception software stacks. Its technology is used to generate high-resolution 3D sensing for autonomous and semi-autonomous systems. The company describes itself as a Tier-1 supplier, meaning it delivers directly to original equipment manufacturers (OEMs) and works closely with them on integration and series production programs.
Innoviz has introduced several LiDAR product lines, including InnovizTwo, InnovizSMART, InnovizSMARTer, and InnovizThree, as referenced in its news releases. InnovizTwo is described as a high-performance LiDAR platform used in both short-range and long-range configurations, supporting applications from urban maneuvering to highway autonomy. InnovizSMART is presented as a LiDAR sensor aimed at smart and non-automotive applications, including perimeter security and other industrial use cases. InnovizSMARTer integrates InnovizSMART LiDAR with an edge compute platform to support wireless deployments and real-time 3D perception in bandwidth-constrained environments.
InnovizThree is characterized as a compact, long-range LiDAR designed with slimmer dimensions and lower power consumption compared to InnovizTwo. It is intended for behind-the-windshield or roof mounting in vehicles and is also positioned for AI-enhanced platforms such as humanoids, micro-robotics, and drones. A later announcement highlights a colored 3D LiDAR and camera configuration in InnovizThree, combining LiDAR and RGB sensing in a single module to simplify sensor-fusion and OEM integration.
Automotive and Commercial Vehicle Programs
Innoviz emphasizes its role in supporting Level 3 (L3) and Level 4 (L4) autonomous driving programs. The company reports selection by a major commercial vehicle OEM for future series production of L4 Class 8 autonomous semi-trucks in North America, based on its InnovizTwo LiDAR platform. A subsequent announcement identifies Daimler Truck and its subsidiary Torc Robotics as partners that selected Innoviz as the short-range LiDAR supplier for series production of SAE Level 4 autonomous Class 8 trucks, with integration planned into the autonomous Freightliner Cascadia.
These collaborations position Innoviz’s sensors as key components in autonomous trucking programs, where LiDAR must operate in challenging conditions while providing the resolution and range required for safe operation. Innoviz notes that it has begun shipping InnovizTwo units for data collection fleets and is working on software modifications tailored to OEM integration requirements.
Smart Infrastructure and Non-Automotive Applications
Beyond passenger vehicles and trucks, Innoviz highlights growing traction in non-automotive and industrial applications. InnovizSMART and InnovizSMARTer are described as solutions for smart infrastructure, smart cities, mobility, perimeter security, and other smart applications. The InnovizSMARTer platform, integrated with NVIDIA Jetson Orin Nano, is aimed at enabling wireless deployment of LiDAR sensors in bandwidth-constrained environments by performing edge processing and data compression.
According to company updates, InnovizSMART-based perimeter security systems have demonstrated performance advantages compared to existing systems based on other technologies. The company also references opportunities in sectors such as security, intelligent traffic management, mobility, robotics, and aerial applications, where accurate 3D perception and cloud-connected architectures can support scalable deployments.
Partnerships and Ecosystem
Innoviz reports collaborations with multiple partners across the automotive and technology ecosystem. In addition to Daimler Truck and Torc Robotics, the company has announced a partnership with Vueron Technology to integrate Innoviz LiDAR data from InnovizTwo and InnovizSMART into Vueron’s VueX AI development platform. This integration is intended to support automated LiDAR data annotation, training, and validation for automotive manufacturers and smart infrastructure operators.
Through this collaboration, Innoviz LiDAR data can be uploaded to a cloud-based environment where AI-driven tools annotate point clouds with bounding boxes and object classifications. The companies present this as a way to reduce manual labeling effort while maintaining precision for safety-critical applications, and to provide an end-to-end environment for data storage, visualization, processing, labeling, training, validation, and deployment.
Testing, Certification, and Quality
Innoviz underscores its focus on automotive-grade reliability and quality management. The company’s hardware qualification testing laboratories have achieved ISO/IEC 17025:2017 certification, an international standard that validates the competence of testing and calibration laboratories. Innoviz states that this places it among the LiDAR companies with accredited in-house testing capabilities, enabling faster testing, parallel product development, and earlier time to market for customers.
The laboratories provide in-house testing for temperature and humidity, stone impact, weather resistance, and mechanical vibration and shock. Innoviz also notes that its quality management foundation includes certifications such as IATF 16949:2016 for automotive quality management systems, ISO 14001:2015 for environmental management, and ISO 45001:2018 for occupational health and safety management.
Geographic Footprint and Market Reach
Company descriptions repeatedly state that Innoviz operates across the U.S., Europe, and Asia. Its LiDAR solutions have been selected by premium car brands and other commercial and industrial leaders for use in consumer vehicles and various LiDAR end-markets. The company participates in industry events such as the Consumer Electronics Show (CES), where it showcases its LiDAR platforms, live demonstrations, and test drives of its technology.
Regulatory Filings and Corporate Governance
As a foreign private issuer listed on Nasdaq, Innoviz files reports with the U.S. Securities and Exchange Commission (SEC), including Form 20-F annual reports and Form 6-K current reports. Recent 6-K filings reference interim unaudited consolidated financial statements, operating and financial reviews, and press releases covering quarterly results and commercial updates.
An SEC filing dated December 17, 2025, notes that Innoviz held an annual general meeting of shareholders in Israel, where shareholders approved the re-election of Class II directors, the readoption of the company’s compensation policy for executive officers and directors, certain compensation for the chief executive officer, and the re-appointment and compensation of the company’s independent auditors. These filings illustrate ongoing corporate governance processes and compliance with listing and reporting requirements.
Business Model and Revenue Sources
Innoviz’s reported revenues are derived from a combination of sales of LiDAR units and non-recurring engineering (NRE) services. NRE is described in company disclosures as booked services usually ordered as part of a program design win. These services can include application engineering, product adaptation, testing and validation, standards and qualification work, and change requests over the lifetime of a program. NRE payments may be milestone-based over multi-year development phases.
The company’s financial updates emphasize the scaling of LiDAR unit shipments and the role of both automotive and non-automotive programs in revenue growth. While specific figures are time-bound and subject to change, Innoviz highlights trends such as increased unit shipments and expanding customer engagements across multiple LiDAR end-markets.
Position Within the LiDAR and Autonomous Driving Ecosystem
Across its news releases and descriptions, Innoviz presents itself as a global LiDAR technology company working toward a future with safe autonomous vehicles on public roads. Its LiDAR sensors and perception software are intended to support advanced driver assistance and autonomous driving functions by providing high-resolution 3D sensing in diverse weather and lighting conditions.
The company’s selection by premium car brands, commercial vehicle manufacturers, and industrial customers, together with its Tier-1 supplier status and certified testing infrastructure, are central elements of how Innoviz describes its role in the broader autonomous mobility and smart infrastructure ecosystem.
Frequently Asked Questions (FAQ)
- What does Innoviz Technologies Ltd. do?
Innoviz develops and supplies high-performance, automotive-grade LiDAR sensor platforms and complementary perception software. Its technology is used by automotive OEMs and other customers to enable advanced driver assistance, autonomous driving, and various smart infrastructure and industrial applications. - On which exchange does Innoviz trade and under what ticker?
Innoviz Technologies Ltd. is listed on the Nasdaq stock market under the ticker symbol INVZ, as referenced in multiple company press releases and SEC filings. - How does Innoviz generate revenue?
According to the company’s financial disclosures, Innoviz generates revenue from a combination of LiDAR unit sales and non-recurring engineering (NRE) services, which include application engineering, product adaptation, testing and validation, standards and qualification work, and change requests associated with customer programs. - What are InnovizTwo, InnovizSMART, InnovizSMARTer, and InnovizThree?
Company announcements describe InnovizTwo as a high-performance automotive-grade LiDAR platform used in short- and long-range configurations. InnovizSMART is a LiDAR sensor aimed at smart and non-automotive applications. InnovizSMARTer integrates InnovizSMART with an edge compute platform for wireless, bandwidth-efficient deployments. InnovizThree is a compact, long-range LiDAR designed for behind-the-windshield or roof mounting and for use in platforms such as humanoids, micro-robotics, and drones, with an option that combines LiDAR and RGB camera sensing in a single module. - Which industries and applications does Innoviz serve?
Innoviz states that its LiDAR solutions are used by premium car brands and commercial vehicle manufacturers, and by commercial and industrial leaders for use cases such as autonomous vehicles, smart infrastructure, mobility, perimeter security, intelligent traffic management, robotics, and aerial applications. - What is Innoviz’s role in autonomous trucking?
The company reports that it has been selected by a major commercial vehicle OEM, later identified as Daimler Truck together with Torc Robotics, to supply InnovizTwo LiDAR sensors for SAE Level 4 autonomous Class 8 semi-trucks. Innoviz provides short-range LiDAR for these programs and collaborates on sensor integration and development for commercial trucking applications. - Where does Innoviz operate geographically?
Company descriptions state that Innoviz operates across the U.S., Europe, and Asia. It is headquartered in Israel and serves automotive OEMs, system integrators, and commercial enterprises worldwide. - What certifications support Innoviz’s testing and quality processes?
Innoviz reports that its hardware qualification testing laboratories have achieved ISO/IEC 17025:2017 certification. The company also notes that its quality management foundation includes IATF 16949:2016 for automotive quality management systems, ISO 14001:2015 for environmental management, and ISO 45001:2018 for occupational health and safety management. - How does Innoviz support smart infrastructure and perimeter security?
Through products such as InnovizSMART and InnovizSMARTer, Innoviz targets smart infrastructure applications. The company notes that InnovizSMART-based perimeter security solutions have shown performance advantages versus systems based on other technologies, and that InnovizSMARTer enables wireless, edge-processed LiDAR deployments in bandwidth-constrained environments. - What is NRE in Innoviz’s business model?
In Innoviz’s terminology, NRE (Non-Recurring Engineering) refers to booked services typically associated with program design wins. These services can span application engineering, product adaptation, testing and validation, standards and qualification work, and change requests, often paid over milestones during multi-year development phases.