Innoviz LiDAR now compatible with NVIDIA Jetson Orin platform

TEL AVIV - Innoviz Technologies Ltd. (NASDAQ:INVZ), which has seen its stock surge over 113% in the past year according to InvestingPro data, announced Tuesday that its InnovizSMART Long-Range LiDAR is now compatible with NVIDIA’s Jetson AGX Orin platform, enabling seamless integration for smart applications.

The integration allows customers to leverage NVIDIA’s accelerated computing capabilities, potentially improving speed, performance, and scalability in applications including mobility, aerial, robotics, and intelligent traffic management.

"By integrating InnovizSMART into the NVIDIA Jetson AGX Orin platform, Innoviz is able to offer a powerful combination of high-performance LiDAR with NVIDIA GPU-accelerated edge processing, which is critical for real-time decision-making in smart applications," said Omer Keilaf, CEO and Co-Founder of Innoviz Technologies.

According to the company’s press release, the integration streamlines data processing and enhances real-time decision-making capabilities. The company stated that some customers are already using the integrated solution.

The InnovizSMART Long-Range LiDAR sensor features low power consumption and high-resolution 3D point cloud technology that enables object detection at distances up to 400 meters, according to the company.

Innoviz Technologies serves as a Tier 1 supplier to automotive manufacturers and operates across the U.S., Europe, and Asia.

In other recent news, Innoviz Technologies Ltd. announced it has regained compliance with Nasdaq’s minimum bid price requirement. The company achieved this milestone by maintaining a closing bid price of at least $1.00 for ten consecutive business days, well before the deadline set by Nasdaq. Additionally, Innoviz has entered into an agreement with a top global automotive manufacturer to supply LiDAR technology for a Level 3 autonomous driving system, which is planned for production in 2027. This agreement will involve the development of hardware and software modifications for Innoviz’s existing LiDAR product to integrate with the automaker’s systems. Innoviz is expected to deliver several hundred units starting in the second quarter of 2025 to support this project.

In further developments, Innoviz has launched a new product, the InnovizSMART Long-Range LiDAR sensor. This new sensor is designed for smart city applications, including security and urban mobility. It offers advanced features such as long-range detection up to 400 meters and integrates Power over Ethernet for easier installation and maintenance. These developments reflect Innoviz’s ongoing efforts to expand its technological offerings and partnerships in the automotive and smart city sectors.

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