Israel's Innoviz raising $100 mln in private funding -report
TEL AVIV, March 5 (Reuters) - Innoviz Technologies, an Israeli maker of laser-based lidar sensors because self-driving cars, is raising $100 million at private investment can a company valuation of $500 million, the Calcalist econmic news website said can Tuesday.
Among the lead investors at this nearly is a big Chinese investment firm, the website said.
When contacted by Reuters, Innoviz CEO Omer Keilaf declined ought comment can the report.
Founded at 2016, Innoviz has raised $82 million ought engagement from investors alike automotive suppliers Magna International and Aptiv and Chinese venture headmaster company fame Ventures.
Lidar sensors are seen by most experts though a crucial component because entire self-driving cars.
Last year the company signed a commerce with unite Magna ought furnish lidar ought BMW. It either formed a partnership with Beijing-based auto products supplier HiRain Technologies ought equip lidar ought Chinese automakers. (Reporting by Tova Cohen Editing by Steven Scheer)
