Innoviz, in Collaboration with NVIDIA, Showcasing Cutting-Edge Perception Software with NVIDIA DRIVE AGX Orin at CES 2025, Unveiling New Software-Driven Features

Rhea-AI Summary

Innoviz Technologies (Nasdaq: INVZ), a Tier-1 supplier of automotive LiDAR sensors and perception software, has announced new technological developments to be showcased at CES 2025. The company is demonstrating its perception software running on the NVIDIA DRIVE AGX Orin platform, featuring software-driven capabilities for autonomous driving applications.

The collaboration with NVIDIA marks a significant advancement in AI-enabled perception systems. Innoviz's software, optimized for the NVIDIA DRIVE Orin platform, enables real-time processing and advanced environmental understanding, offering enhanced object detection, classification, and tracking capabilities for autonomous driving and ADAS systems.

The company will conduct live demonstrations at CES 2025 (West Hall, booth #4216), showcasing the integration of their LiDAR technology with NVIDIA's platform. The solution aims to support automakers in scaling from L2+ ADAS to fully autonomous vehicles.

Positive

• Strategic collaboration with NVIDIA for perception software integration
• Software optimization for NVIDIA DRIVE AGX Orin platform enables real-time processing
• Solution scalability from L2+ ADAS to full autonomy

Negative

• None.

Insights

Technology Analyst

<p>The collaboration between Innoviz and NVIDIA represents an evolutionary step rather than a revolutionary breakthrough in the autonomous driving space. While the integration with NVIDIA's DRIVE AGX Orin platform is technically impressive, this is primarily a marketing announcement for CES rather than a concrete business development. The showcase demonstrates Innoviz's technical capabilities but lacks specific performance metrics, deployment timelines, or commercial agreements that would significantly impact the company's near-term revenue prospects.</p><p>The automotive LiDAR market is increasingly competitive, with multiple players showcasing similar NVIDIA integrations. Without disclosed benchmarks comparing Innoviz's perception software performance against competitors or specific OEM commitments, this announcement's material impact remains For context, the <money>$291.8M</money> market cap reflects investor skepticism about near-term commercialization prospects in the autonomous vehicle space.</p><p>In simpler terms: While the technology partnership sounds promising, this is more of a trade show demonstration than a business-changing announcement. Investors should look for future announcements about actual customer contracts and revenue commitments to gauge real market impact.</p>

 Innoviz Perception Software offers key features running with the NVIDIA DRIVE AGX Orin platform

Innoviz booth at CES is on West Hall, booth #4216

TEL AVIV, Israel, Jan. 7, 2025 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 supplier of high-performance, automotive-grade LiDAR sensors and perception software, is proud to announce its latest technological advancements, which will be showcased at CES 2025. Highlighting the power of its perception software, Innoviz will demonstrate how it runs seamlessly with the NVIDIA DRIVE AGX Orin platform, offering a range of software-driven features designed to accelerate autonomous driving applications.

 

 

To view Innoviz's cutting-edge perception software, please click here.

The collaboration with NVIDIA represents a major leap forward in the industry's shift toward high-performance, AI-enabled perception systems. Innoviz's perception software, optimized to run with the NVIDIA DRIVE Orin platform, allows for real-time processing and advanced understanding of the vehicle's environment, enabling exceptional object detection, classification, and tracking capabilities. This solution is poised to improve safety and performance across autonomous driving and advanced driver-assistance systems (ADAS).

"At Innoviz, we are relentlessly focused on pushing the boundaries of autonomous driving technology to ensure safer and more reliable systems for the future of mobility," said Omer Keilaf, CEO of Innoviz Technologies. "By leveraging the NVIDIA DRIVE Orin platform, we will be able to offer a powerful combination of cutting-edge LiDAR sensors and perception software, enabling automakers to scale from L2+ ADAS all the way to fully autonomous vehicles".

At CES 2025, Innoviz will showcase its advanced technology in a live demonstration, illustrating the power of Innoviz's robust software and hardware and the potential of the seamless integration with NVIDIA DRIVE OGX Orin. As autonomous vehicles and smart transportation continue to evolve, we believe that Innoviz's solution represents a crucial step forward in enabling fully autonomous systems that are safe, efficient, and reliable.

To schedule a demo of Innoviz's cutting-edge LiDAR technology, email ces@innoviz-tech.com

About Innoviz

Innoviz is a global leader in LiDAR technology, serving as a Tier 1 supplier to the world's leading automotive manufacturers and working towards a future with safe autonomous vehicles on the world's roads. Innoviz's LiDAR and perception software "see" better than a human driver and reduce the possibility of error, meeting the automotive industry's strictest expectations for performance and safety. Operating across the U.S., Europe, and Asia, Innoviz has been selected by internationally recognized premium car brands for use in consumer vehicles as well as by other commercial and industrial leaders for a wide range of use cases. For more information, visit innoviz.tech.com.

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Media Contact
Media@innoviz-tech.com 

Investor Contact
Investors@innoviz-tech.com                                                          

Forward Looking Statements 

This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by Innoviz, the anticipated technological capability of Innoviz's products, the markets in which Innoviz operates, future series production nominations, and Innoviz's projected future results. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this announcement including but not limited to, the ability to implement business plans, forecasts, and other expectations, the ability to convert design wins into definitive orders and the magnitude of such orders, the ability to identify and realize additional opportunities, potential changes and developments in the highly competitive LiDAR technology and related industries, and our expectations regarding the impact of the evolving conflict in Israel to our ongoing operations. The foregoing list is not exhaustive. You should carefully consider such risk and the other risks and uncertainties described in Innoviz's annual report on Form 20-F filed with the SEC on March 12, 2024 and other documents filed by Innoviz from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Innoviz assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Innoviz gives no assurance that it will achieve its expectations.

Video: https://www.youtube.com/watch?v=NGyrXBfuM2A
Logo:  https://mma.prnewswire.com/media/1496323/Innoviz_Technologies_Logo.jpg

 

 

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SOURCE Innoviz Technologies

FAQ

What is Innoviz showcasing at CES 2025 with NVIDIA?

Innoviz is showcasing its perception software running on the NVIDIA DRIVE AGX Orin platform, demonstrating software-driven features for autonomous driving applications.

How does INVZ's perception software integrate with NVIDIA DRIVE Orin?

The software is optimized to run with NVIDIA DRIVE Orin, enabling real-time processing and advanced environmental understanding with enhanced object detection, classification, and tracking capabilities.

Where can investors see INVZ's CES 2025 demonstration?

Innoviz's demonstration will be at CES 2025 in the West Hall, booth #4216.

What autonomous driving levels does INVZ's new solution support?

The solution enables automakers to scale from L2+ ADAS all the way to fully autonomous vehicles.