Solid-state LiDAR company Innoviz raises $65M; automotive-grade LiDAR for Level 3-5 autonomy available in 2019

By mmillikin Innoviz Technologies, a leading provider of LiDAR sensing solutions designed for the mass commercialization of autonomous vehicles, raised $65 million in Series B funding as its solid-state LiDAR solution moves into mass production. (Earlier post.)

Strategic partners Delphi Automotive and Magna International participated in the round, along with additional new investors including 360 Capital Partners, Glory Ventures, Naver and others. All Series A investors, including Zohar Zisapel, Vertex Venture Capital, Magma Venture Partners, Amiti Ventures and Delek Motors, participated in this round. A second closing of this round is expected to be announced soon, introducing additional strategic partners.

Innoviz offers LiDAR (Light

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