Innoviz Closes A Huge Sale

Lidar manufacturer Innoviz, based in Israel, just closed a big design win with Volkswagen. The headline number is $4 billion, to supply sensors to VW’s CARIAD technology division.

VW owns part of Argo, but I haven’t seen anything describing Argo’s involvement, or lack thereof, in this deal.

The announcement is a huge boost for Innoviz, however. Their stock is up about 50% from two weeks ago.

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