Innoviz Technologies Announces Advanced Development Program Combining LiDAR and On-Sensor Perception Software for Future OEM Autonomous Vehicle Program

Rhea-AI Summary

Innoviz Technologies (NASDAQ: INVZ) announced a new software development agreement with a leading autonomous driving technology company. The parties will evaluate on-sensor LiDAR perception for the InnovizTwo platform and develop a plan that could deepen Innoviz's role in an existing LiDAR supply relationship.

The program targets OEM autonomous vehicle applications, shifting some perception tasks from the central compute stack to the sensor itself. This on-sensor approach aims to provide standardized, safety-critical outputs that operate independently of the vehicle’s broader processing architecture.

AI-generated analysis. Not financial advice.

News Market Reaction – INVZ

+16.56% 3.4x vol

63 alerts

+16.56% News Effect

+52.7% Peak Tracked

-12.7% Trough Tracked

+$30M Valuation Impact

$208.07M Market Cap

3.4x Rel. Volume

On the day this news was published, INVZ gained 16.56%, reflecting a significant positive market reaction. Argus tracked a peak move of +52.7% during that session. Argus tracked a trough of -12.7% from its starting point during tracking. Our momentum scanner triggered 63 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $30M to the company's valuation, bringing the market cap to $208.07M at that time. Trading volume was very high at 3.4x the daily average, suggesting strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

Market Reality Check

Price: $0.7360 Vol: Volume 2,375,987 is rough...

normal vol

$0.7360 Last Close

Volume Volume 2,375,987 is roughly in line with the 20-day average of 2,352,329. normal

Technical Shares trade below the 200-day MA of $1.28 with the last close at $0.7863, about 69% under the 52-week high.

Peers on Argus

INVZ fell 1.88% while peers showed mixed moves: HLLY up 1.49%, MLR down 2.69%, M...

INVZ fell 1.88% while peers showed mixed moves: HLLY up 1.49%, MLR down 2.69%, MPAA down 3.19%, SLDP down 1.96%, and SES flat, pointing to stock-specific dynamics over a clear sector trend.

Historical Context

5 past events · Latest: May 06 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
May 06	Autonomy LOI	Positive	+9.0%	LOXO letter of intent to integrate InnovizTwo LiDAR into L4 delivery platform.
Apr 28	Defense expansion	Positive	+7.5%	Entry into defense and homeland security with InnovizSMART and InnovizTwo ULR.
Apr 23	Earnings call notice	Neutral	-4.6%	Scheduled Q1 2026 earnings release and conference call announcement.
Apr 22	Product launch	Positive	+1.6%	Launch of InnovizTwo ULR LiDAR with up to 1-kilometer sensing range.
Mar 27	Nasdaq notice	Negative	-5.4%	Nasdaq non-compliance letter for failing the $1.00 minimum bid requirement.

Pattern Detected

Recent positive product and partnership news often saw aligned upward price reactions, while regulatory setbacks aligned with declines.

Recent Company History

Over the last few months, Innoviz has reported several strategic milestones. A May 6, 2026 letter of intent with LOXO and the April 22, 2026 launch of InnovizTwo ULR both saw positive price reactions, as did the April 28, 2026 entry into defense and homeland security. By contrast, a March 27, 2026 Nasdaq minimum bid non-compliance notice aligned with a share-price drop. Today’s development agreement adds to this run of autonomy-focused partnerships.

Market Pulse Summary

The stock surged +16.6% in the session following this news. A strong positive reaction aligns with t...

Analysis

The stock surged +16.6% in the session following this news. A strong positive reaction aligns with the pattern where Innoviz shares rose on prior autonomy and product milestones, such as the LOXO LOI and defense expansion, which saw gains of up to 9.02%. However, the stock’s position about 69% below its 52-week high and prior Nasdaq non-compliance highlight ongoing risk, so enthusiasm could fade if execution or funding concerns re-emerge.

Key Terms

lidar, on-sensor perception software, oem, central compute stack, +2 more

6 terms

lidar technical

"a leading supplier of high-performance, automotive-grade LiDAR sensor platforms"

Lidar, which stands for Light Detection and Ranging, is a technology that uses laser beams to create detailed, three-dimensional maps of the environment. It works like a sophisticated eye that measures distances by bouncing light off objects, helping machines see and understand their surroundings. For investors, lidar is important because it enables advancements in autonomous vehicles, robotics, and mapping, which can drive innovation and growth in related industries.

on-sensor perception software technical

"a new software development agreement ... to evaluate the development of enhanced on-sensor perception software"

Software that analyzes raw data directly inside a camera or other sensing device instead of sending that data to a separate computer or the cloud; it performs tasks like spotting objects, recognizing motion, or filtering out noise at the sensor itself. For investors, this matters because on-sensor processing can cut device power use and data costs, speed up response times, improve privacy, and enable new product designs that can lower manufacturing and operating expenses.

oem technical

"As autonomous vehicle programs advance toward series production, OEMs require that perception capabilities extend"

OEM stands for Original Equipment Manufacturer, which is a company that produces parts or components used in the final products made by other companies. For investors, understanding OEMs is important because their performance can impact the supply chain and overall success of major industries, especially those relying on specialized parts. Think of OEMs as the suppliers that provide the building blocks for larger products, like the engine parts for a car.

central compute stack technical

"require that perception capabilities extend beyond the central compute stack and execute directly on the sensor"

A central compute stack is the shared bundle of hardware, basic software and management tools that runs an organization’s core data processing and applications, similar to a central kitchen that prepares meals for many restaurants. It matters to investors because it determines how efficiently a company can scale, control costs, secure data and roll out new products: a well-designed stack lowers operating risk and supports faster growth, while a weak one can create bottlenecks and extra expense.

autonomous vehicle architecture technical

"may integrate directly into the partner's autonomous vehicle architecture"

The combination of hardware, software, sensors and computing systems that lets a vehicle perceive its surroundings, make driving decisions and control motion. Think of it as the vehicle’s brain, eyes and steering system all designed to work together like a coordinated team. Investors care because this architecture determines safety, performance, cost, upgradeability and how easily the technology can be scaled or monetized, which directly affects a company’s competitive edge and potential returns.

physical ai technical

"This is Physical AI in practice, with intelligence that lives in the sensor itself"

Physical AI combines artificial intelligence with physical devices or environments, enabling machines to interact with and adapt to the real world in a human-like way. It matters to investors because it can lead to smarter robots, autonomous vehicles, or advanced sensors that improve efficiency and open new markets, potentially creating significant business opportunities and competitive advantages.

AI-generated analysis. Not financial advice.

Innoviz enters into a new agreement with a leading autonomous driving technology company to evaluate the development of enhanced on-sensor perception software

TEL AVIV, Israel, May 13, 2026 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) (the "Company" or "Innoviz"), a leading supplier of high-performance, automotive-grade LiDAR sensor platforms, today announced a new software development agreement with a leading autonomous driving technology company. Under the agreement, the parties will evaluate on-sensor LiDAR perception capabilities for the InnovizTwo LiDAR platform and deliver a development plan. The collaboration extends Innoviz's LiDAR embedded software to potentially deepen Innoviz's role within the existing LiDAR supply relationship.

 

 

As autonomous vehicle programs advance toward series production, OEMs require that perception capabilities extend beyond the central compute stack and execute directly on the sensor itself. This on-sensor approach is designed to deliver standardized, safety-critical outputs that operate independently of the vehicle's broader processing architecture, a design consideration for the most demanding autonomous applications. The agreement engages Innoviz to evaluate these capabilities natively within the LiDAR it provides, generating additional perception capabilities that may integrate directly into the partner's autonomous vehicle architecture.

"Being selected to evaluate perception software on top of an existing LiDAR supply role is a strong signal that what we have built is being recognized across the full autonomy stack," said Omer Keilaf, CEO and Founder of Innoviz Technologies. "This is Physical AI in practice, with intelligence that lives in the sensor itself, acting on the real world in real time. The fact that a leading autonomous driving program has chosen Innoviz for both the hardware and the evaluation for development of embedded perception reflects the confidence the industry is placing in our technology, and we are proud to be contributing to the future of autonomous vehicles at this level."

About Innoviz

Innoviz is a leading provider of 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. Innoviz's LiDAR sensors are designed to deliver exceptional range, resolution, and reliability, providing accurate 3D sensing in harsh weather conditions. Operating across the U.S., Europe, and Asia, Innoviz designs solutions for automotive OEMs, system integrators, municipalities, commercial enterprises, and other use cases worldwide. InnovizSMART is an off-the-shelf solution for security, defense and homeland security, intelligent traffic management, mobility, robotics, and aerial applications.

For more information, visit innoviz.tech.
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Forward Looking Statement 

This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the products and solutions offered by Innoviz, the anticipated technological capability of Innoviz's products, including performance under various environmental and operational conditions, the markets in which Innoviz operates, and Innoviz's projected future operational and financial results. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "design(ed)," "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 achieve broader market adoption of Innoviz's products and solutions, the ability to identify and realize additional opportunities, potential changes and developments in the highly competitive LiDAR technology and related industries, the ability to maintain and scale initial deployments into long-term commercial relationships, the ability of evaluation engagements to advance to subsequent phases or result in definitive development, integration, or supply arrangements, the ability of technical evaluations to meet applicable specifications or performance thresholds, and Innoviz's expectations regarding the impact of geopolitical developments in the Middle East including the evolving conflict in Israel on its ongoing operations. The foregoing list is not exhaustive. You should carefully consider such risks and the other risks and uncertainties described in Innoviz's annual report on Form 20-F for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission ("SEC") on March 4, 2026, and in 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. The agreement described in this announcement covers an initial evaluation phase, and any subsequent phase is subject to a separate written agreement. There can be no assurances that the parties will proceed beyond the evaluation phase, or that the evaluation will result in any further development, integration, or commercial arrangement.

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Media Contact 
Media@innoviz-tech.com 

Investor Contact  
Investors@innoviz-tech.com 

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SOURCE Innoviz Technologies

FAQ

What did Innoviz Technologies (NASDAQ: INVZ) announce on May 13, 2026?

Innoviz Technologies announced a software development agreement to evaluate on-sensor LiDAR perception for its InnovizTwo platform with a leading autonomous driving technology company. According to Innoviz, the work includes delivering a development plan for future OEM autonomous vehicle programs.

How does Innoviz's new on-sensor perception program support future OEM autonomous vehicles (INVZ)?

The program focuses on moving some perception capabilities directly onto the LiDAR sensor for OEM autonomous vehicles. According to Innoviz, this on-sensor execution is intended to provide standardized, safety-critical outputs that function independently from the vehicle’s central compute architecture.

What is the role of InnovizTwo LiDAR in the new INVZ software development agreement?

InnovizTwo serves as the LiDAR platform for evaluating embedded on-sensor perception capabilities under the new agreement. According to Innoviz, the collaboration extends its LiDAR software and may deepen its role in an existing LiDAR supply relationship with the partner.

Who is Innoviz partnering with in its May 2026 on-sensor LiDAR software agreement (NASDAQ: INVZ)?

Innoviz is partnering with a leading autonomous driving technology company, whose name was not disclosed. According to Innoviz, the partner already uses its LiDAR, and this agreement evaluates additional embedded perception capabilities for future autonomous vehicle architectures.

What does "on-sensor" LiDAR perception mean in Innoviz Technologies' INVZ announcement?

On-sensor LiDAR perception means executing perception software directly on the LiDAR unit instead of only in a central compute stack. According to Innoviz, this approach targets standardized, safety-critical outputs suited to demanding autonomous vehicle applications and future OEM programs.

How does the new agreement affect Innoviz's existing LiDAR supply relationship (INVZ)?

The agreement is intended to build on an existing LiDAR supply relationship by adding evaluation of embedded perception software. According to Innoviz, this could deepen its participation in the partner’s autonomous vehicle architecture if the development plan progresses.