S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
SUNNYVALE, Calif./TEL AVIV - Innoviz Technologies Ltd. (NASDAQ:INVZ), a $326 million market cap LiDAR technology company with a strong liquidity position as evidenced by its 3.56x current ratio, Cron AI, and D2 Traffic Technologies announced a collaboration today to address barriers to LiDAR deployment in intelligent transport systems by combining their technologies.
The partnership integrates Innoviz’s automotive-grade LiDAR sensor with Cron AI’s edge-native 3D perception platform and D2’s municipal integration expertise. Installation is planned at three key intersections in Atlanta in the coming weeks.
The solution processes LiDAR data entirely at the edge, generating real-time insights without cloud reliance. BlueBand, another partner in the ecosystem, will use the perception data to build analytics for applications including vulnerable road user safety and traffic flow monitoring.
"The value we deliver starts with unmatched data fidelity," said Kevin Yorke, CEO of BlueBand in the press release.
The collaboration comes as the global intelligent transportation system market is projected to reach $73.76 billion by 2034, growing at 6.64% annually, according to data cited in the announcement. While Innoviz’s stock has shown strong momentum with a 76% gain over the past six months, InvestingPro analysis reveals over 10 additional key insights about the company’s financial health and growth prospects.
The InnovizSMART LiDAR sensor returns 5.76 million points-per-second with a single reflection and has a 450-meter range capability, enabling long-distance vehicle and pedestrian detection.
The companies will demonstrate their solution at the ITS World Congress in Atlanta between August 25-29, 2025, at booths #604 and #606.
This collaboration aims to overcome three challenges in LiDAR adoption: unreliable perception, fragmented hardware/software integration, and the lack of field-ready deployment tools, according to the company statement.
In other recent news, Innoviz Technologies Ltd. has announced that its InnovizSMART Long-Range LiDAR is now compatible with NVIDIA’s Jetson AGX Orin platform, facilitating improved integration for smart applications. The company has also regained compliance with Nasdaq’s minimum bid price requirement after maintaining a closing bid price of at least $1.00 for 10 consecutive business days. Additionally, Innoviz has signed a Statement of Development Work agreement with a top global passenger automotive manufacturer to supply LiDAR technology for a Level 3 autonomous driving system, with production planned for 2027. As part of this agreement, Innoviz will deliver several hundred units starting in the second quarter of 2025. Furthermore, Innoviz has launched its InnovizSMART Long-Range sensor, designed for smart city applications such as security and intelligent traffic management. This sensor offers advanced features like long-range detection up to 400 meters and integrates Power over Ethernet for easier installation. These developments highlight Innoviz’s ongoing efforts to expand its technological capabilities and partnerships.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.