Automotive LiDAR sees New Product Launches, OEM Partnerships and Big Investments
Subscribe To Read This InsightBy James Hodgson | 4Q 2017 | IN-4772
Product Launches, New Partnerships, Big Investments |
NEWS |
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.
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LeddarTech Raises US$101 million inv...
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