Innoviz Technologies shares fall 2.39% intraday after announcing collaboration with Cron AI and D2 Traffic Technologies.

Innoviz Technologies Ltd. declined 2.39% in intraday trading, despite announcing a collaboration with Cron AI and D2 Traffic Technologies to address barriers to LiDAR deployment in intelligent transport systems, perimeter security, and infrastructure intelligence. The collaboration aims to solve long-standing hurdles in LiDAR adoption, including unreliable perception, fragmented hardware/software stacks, and the lack of field-ready deployment tools. The partnership will see installations throughout intersections in the City of Atlanta, Georgia, in the coming weeks, with a solution demonstration at the ITS World Congress in August 2025.