Innoviz Technologies, a provider of high-performance, solid-state LiDAR sensors and perception software, is launching a next-generation sensor: the InnovizTwo. The new high-performance automotive-grade LiDAR sensor offers a fully featured solution for all levels of autonomous driving at a significantly lower cost.
Although the automotive industry is on its way to a highly automated future, this realization is still years away. Today, even the most advanced L2+1 platforms face technical limitations that result in safety issues, which hinder growth and avoid the opportunity to reach higher levels of automation over time. Only select car manufacturers are able to make the quantum leap needed for offering L3 cars themselves, a process that requires the work of hundreds of engineers over several years of validation, across all driving scenarios, to the point that they are willing to take full liability prior to the launch of a L3 car.
To allow a safer and smoother adoption of automation, the industry will need to introduce L2+ functionality, but with hardware that supports L3 and L4 upon launch. With more and more vehicles effectively equipped, car manufacturers will be able to collect roadway data and release more advanced functions to those same vehicles via over-the-air updates, increasingly adding features to meet L3 and L4. To pursue this strategy, hardware must fulfill more advanced technical requirements, while also coming under the price point of today's L2 technology.
To support this vision, Innoviz is now announcing a new generation of its LiDAR, InnovizTwo. InnovizTwo, a major cost reduction design of over 70% compared to InnovizOne, including a significant performance improvement. Samples of InnovizTwo will be available in Q3 2021.