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11 09 2017 02

Strategic partners Delphi Automotive and Magna International join new and existing investors to back Innoviz’s groundbreaking solid-state LiDAR technology on heels of strong adoption.

Innoviz Technologies, a leading provider of LiDAR sensing solutions has announced that it has raised $65 million in Series B funding as its groundbreaking LiDAR solution moves into mass production. Strategic partners and global leaders in automated driving solutions Delphi Automotive PLC 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.

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