Found in Robotics News & Content, with a score of 53.84
Innoviz Technologies today announced that it and the BMW Group are starting the first development phase in their development of a new generation of lidar sensors. Under their expanded agreement, Innoviz will develop B-Samples based on its second-generation InnovizTwo sensor. “Lidar is one of the critical technologies underpinning Level 3 or even higher automated functions,” stated Nicolai Martin, senior vice president for driving experience at BMW Group, in a release. “Optimizing lidar technologies and costs are the major challenges in order to bring Level 3 highly automated driving into the mainstream” “We are very pleased to have Innoviz develop the…
Found in Robotics News & Content, with a score of 17.04
…recent SPAC transactions include Aeva Technologies, Arbe Robotics, AEye, Innoviz, Luminar Technologies, Ouster, Quanergy, and Velodyne Lidar. In the race to autonomous vehicles, such deals provide an injection of capital with the expectation of high valuations being validated by automaker demand. The definitive proxy statement and other relevant documents were mailed to Growth Capital’s stockholders of record as of the close of business on or about Jan. 25, 2022. Growth Capital has engaged Advantage Proxy Inc. as its proxy solicitor in connection with the special meeting. Stockholders who need additional copies of proxy materials, need to obtain proxy cards, or…
Found in Robotics News & Content, with a score of 13.49
…production, transparency, and efficiency in the field. Founded by Innoviz veterans and autonomous driving experts Yonatan Horovitz and Edo Reshef, Midnight Robotics has applied computer vision and artificial intelligence to autonomous agricultural driving. The Tel Aviv, Israel-based firm’s core product is a retrofit kit that it said can add autonomy to any tractor using lidar perception algorithms. Horovitz will join Fieldin as chief autonomy afficer, and Reshef will be the company’s chief technology officer. “It’s not enough to have great agricultural data or great autonomous technology—you need to have both to make autonomous farming a reality,” noted Horovitz. “What’s so…