Innoviz raises $132 million to develop an end-to-end lidar platform

By March 26, 2019 April 4th, 2019 Portfolio

Hot on the heels of Ouster’s fresh fundraising round, Israeli lidar startup Innoviz Technologies this week announced that it, too, has secured additional venture capital — and an enormous amount of it, to boot. Innoviz says it’s raised $132 million in series C financing led by China Merchants Capital, with participation from Shenzhen Capital Group, New Alliance Capital, Harel Insurance Investments and Financial Services, and Phoenix Insurance Company. It’s keeping the round open, and expects a second closing in the coming months.