Innoviz Technologies

Innoviz Technologies' lidar sensors and perception software will be used across Volkswagen's brands. (Image: InnovizTechnologies)

$4bn deal: Innoviz is Volkswagen's new lidar supplier

The selection is Innoviz’ third major design win and has increased its forward-looking order book by $4 billion to $6.6 billion

Ford's Argo AI acquires Princeton Lightwave

Argo AI, an artificial intelligence subsidiary of Ford that produces software for autonomous vehicles, has acquired lidar firm Princeton Lightwave to accelerate the development of its own self-driving technology

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