Israel’s Innoviz Raises $8M, Bringing Series B Funding To $73M

By NoCamels Team November 01, 2017 Comments

Innoviz automotiveNovember 1, 2017 | Israeli car sensor company Innoviz Technologies has raised another $8 million from Samsung Catalyst and Softbank Ventures Korea in a Series B financing round announced last month, bringing the total raised so far to $73 million. Since it was founded in 2016, Innoviz, which develops technologies for autonomous driving, has raised a total of $82 million. Its High Definition Solid State LiDar (Light Detection and Ranging) sensor has been hailed as “disruptive” and “first-class.” The Kfar Saba-based company has previously raised funds from a range of investors including Delphi Automotive PLC, Magna International, 360 Capital Partners, Amiti Ventures and Delek Motors.

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