#Israel #Tel Aviv #Innoviz Technologies #LiDAR sensors #Perciz

Innoviz Technologies Expands Defense Sector Presence

Innoviz Technologies Ltd., a prominent player in automotive-grade LiDAR sensor platforms, has made significant strides in the defense and homeland security sectors, as reflected in its latest financial results for the second quarter of 2026. With a record revenue of $18.1 million, up from $9.7 million a year earlier, the company is highlighting its ambitious expansion plans through the launch of its new brand, Perciz.

Launch of Perciz

Perciz, Innoviz's newly created brand aimed at the defense and homeland security markets, utilizes the company's years of expertise in high-performance LiDAR technology. This new brand is set to focus primarily on counter-unmanned aerial systems (UAS) and perimeter security applications, effectively leveraging Innoviz’s well-established capabilities in AI and machine intelligence.

CEO Omer Keilaf emphasized the importance of this move, stating that there is a growing need for innovative solutions in defense as governments worldwide allocate significant funds to combat emerging threats. The newly established Perciz brand aims to meet these urgent needs using their advanced LiDAR systems that provide precise, robust, and reliable sensing solutions.

Recent Engagements and Orders

Over the past three months, Innoviz has announced six partnerships primarily focused on defense, indicating a strong interest in its LiDAR technology among security professionals. This led to the company securing its first multimillion-dollar orders—approximately $3.5 million—from a major defense customer, which marks a substantial milestone.

Moreover, these initial orders could pave the way for further units contingent upon successful deployments, showcasing the tangible interest and demand for Innoviz’s products in the defense sector. Systems equipped with their sensors have already been integrated at multiple operational sites, highlighting their capabilities in real-world applications meant to enhance security.

Automotive Developments

In addition to the defense segment, Innoviz continues to make impressive progress in the automotive industry. Innovative programs with major car manufacturers like Volkswagen, Mobileye, and Daimler Truck remain on schedule. The company has recently initiated a partnership with a top global OEM for the development of a sophisticated LiDAR-based perception stack.

Innoviz's collaboration with these automotive giants reflects the growing demand for LiDAR technologies within advanced vehicle automation, with ongoing testing for platforms such as the Volkswagen ID. Buzz underway across various locations, including major cities in the U.S. and Europe.

Financial Overview

Financially, Innoviz's Q2 2026 results reveal operating expenses of $19.1 million, a slight increase from $18.5 million in the previous year. Despite higher expenses, the company maintains a positive outlook for the financial year, anticipating total revenues between $67 to $73 million. Their cash and equivalents sum to approximately $48.5 million, bolstered by recent registration offerings.

Strategic Appointments

To further strengthen its focus on defense, Innoviz appointed Maj. Gen. (Ret.) Yoav Har-Even, the former head of Rafael Advanced Defense Systems, to its Board of Directors. His experience and leadership are expected to enhance Innoviz's strategic momentum in the defense sector.

Conclusion

The recent developments at Innoviz Technologies posit the company as a multifaceted player in both the automotive and defense sectors. With its innovative LiDAR solutions and a clear focus on security applications, Innoviz aims to become a leading supplier in these dynamic markets. As they continue to explore and secure new opportunities, anticipation surrounds the potential integration of their technologies across various use cases, solidifying their position in the industry.