Product Launches, New Partnerships, Big Investments
The third quarter of 2017 saw numerous announcements relating to investments, new product launches and new partnerships in the automotive LiDAR market. A summary of the relevant news is given below:
Innoviz Raises US$65 million investment: The ambitious MEMs-based solid-state LiDAR startup first announced their Innoviz One solution in 2016, more recently announcing their InnovizPro solution targeted at prototype development and more short/medium term implementations. The startup raised an impressive US$65 million in funding with investors including Tier 1 Suppliers Magna and Delphi Automotive, with the former having already entered into a public partnership with Innoviz.
LeddarTech Raises US$101 million investment: Canadian solid-state sensor developer LeddarTech announced the close of a US$101 million funding round, with investors that include optical technology developer Osram, and Tier 1 suppliers Magneti Marelli and Delphi Automotive. The firm has d…
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