INNOVIZ.TECH posted on 18 Jun 2019
LiDAR sensors and perception software provider Innoviz Technologies secured a $170 million Series C funding round, bringing Innoviz’s total funding to date to $252 million.
Innoviz’s perception software is designed to provide vehicles with superior object detection (with 50 times greater efficiency than industry and academic standards), classification, segmentation and tracking technology to complement Innoviz’s LiDAR hardware offerings.
The company plans to use the funding to support several key initiatives, including the enhancement of Innoviz’s perception software.
Trigo, a computer vision startup out of Tel Aviv that is building check-out-free grocery purchasing systems specifically targeted at large supermarkets, has picked up a Series A round of $22 million led by Red Dot Capital.
Cybersecurity asset management startup Axonius has raised $20 million in its second round of funding this year.
OwnBackup appoints Adrian Kunzle, former EVP, Platform Products at Salesforce, as Head of Product and Strategy.