Lidar technology producer Innoviz has closed its series C round at $170m, two and a half months after raising an initial $132m tranche featuring Harel Insurance and Phoenix Insurance.

Israel-based light detection and radar (lidar) technology developer Innoviz Technologies yesterday closed a $170m series C round already backed by insurers Phoenix Insurance and Harel Insurance Investments and Financial Services. The company raised a $38m second tranche from undisclosed backers, adding to the $132m it closed in March 2019, when the aforementioned corporates participated alongside…

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