Innoviz secures approximately $3.5m of defence LiDAR orders
Innoviz received orders worth approximately $3.5 million for several hundred LiDAR units from an unnamed defence customer for counter-drone and perimeter-intrusion systems. A larger unit order is expected only if the first deployment succeeds.
Evidence notes
- The initial orders cover several hundred LiDAR units and total approximately $3.5 million.
- The customer plans to use the sensors in counter-drone and perimeter-intrusion applications.
- Any larger follow-on order remains conditional on successful completion of the first deployment.
Company context
Innoviz Technologies develops automotive-grade lidar sensors and perception software for autonomous vehicles and smart mobility systems.