Innoviz Technologies Soars 10.61% on Strategic Partnerships

Innoviz Technologies rose 10.61% in pre-market trading on June 20, 2025, reflecting a significant surge in investor interest and confidence in the company's strategic initiatives.

Innoviz Technologies is undergoing a transformative shift, driven by strategic partnerships with industry giants. The company's collaboration with Mobileye and NVIDIA is aimed at enhancing its LiDAR technology and perception software for autonomous vehicles, positioning it as a leader in the autonomous driving sector.

Innoviz Technologies has also announced a strategic partnership with Cogniteam, focusing on merging its long-range LiDAR technology with Cogniteam's AI-driven analytics platform. This collaboration targets high-margin security applications, signaling a bold move to diversify beyond its automotive-centric revenue stream. The joint solution combines InnovizSMART's industry-leading LiDAR with Cogniteam's AI platform, providing high-resolution data and real-time threat detection, which is crucial for sectors like smart cities, aerial surveillance, and robotics.

This diversification into security markets is a strategic play for higher margins and stability. The security sector, with its faster sales cycles and superior margins, aligns well with Innoviz's premium positioning. This move also mitigates reliance on the automotive sector, which accounted for nearly 80% of Innoviz's revenue in 2024. By expanding into infrastructure protection, smart mobility, and intelligent traffic management, Innoviz is positioning itself to capitalize on sectors projected to grow at 12-15% CAGR through 2030.

Innoviz Technologies is also supplying LiDAR for a top automaker's Level 3 autonomous driving system, further solidifying its position in the automotive industry. This partnership underscores the company's expertise in LiDAR technology and its commitment to advancing autonomous vehicle capabilities.