Innoviz Announces Pricing of $30 Million Registered Direct Offering

Innoviz Technologies Ltd. has announced a definitive agreement with institutional investors for the purchase and sale of 66,666,667 ordinary shares, which is expected to generate gross proceeds of approximately $30 million. The transaction is anticipated to close on or about July 29, 2026, subject to customary closing conditions. This fundraising effort is part of Innoviz's strategy to bolster its financial position and support the commercialization of its dedicated security and defense brand, Perciz.

Innoviz Technologies, headquartered in Tel Aviv, Israel, is recognized as a leading supplier of high-performance automotive-grade LiDAR sensor platforms. The company serves a diverse range of markets, including automotive, security, defense, and industrial sectors. Innoviz's LiDAR technology is designed to deliver exceptional range, resolution, and reliability, making it suitable for a variety of applications that require precise, real-time spatial awareness. As a Tier-1 supplier to major automotive manufacturers, Innoviz is well-positioned to capitalize on the growing demand for advanced sensing solutions.

The proceeds from this offering will primarily be allocated to general business purposes, with a significant focus on advancing the commercialization of Perciz. This brand leverages Innoviz's existing LiDAR technology to address critical needs in defense, homeland security, and infrastructure protection. With increasing global security challenges, the demand for innovative solutions in these areas is on the rise, and Innoviz aims to establish a strong foothold in this expanding market.

The fundraising comes at a time when the LiDAR sector is experiencing heightened interest, driven by advancements in autonomous vehicles and smart infrastructure. As governments and private entities invest in enhancing security measures and technological capabilities, Innoviz's offerings are likely to gain traction. The company's strategic focus on both automotive and defense markets positions it to benefit from the convergence of these sectors, where LiDAR technology can play a pivotal role in enhancing safety and operational efficiency.

In summary, Innoviz Technologies' recent fundraising initiative reflects its commitment to innovation and growth within the LiDAR space. The successful completion of this offering will not only provide essential capital for the commercialization of Perciz but also strengthen Innoviz's position in a competitive market. As the demand for sophisticated sensing technologies continues to rise, Innoviz is poised to leverage its expertise to meet the evolving needs of its customers across various sectors.