Innoviz Technologies went public through a merger with Collective Growth in a $1.4bn deal.

Innoviz Technologies, an Israeli lidar startup, went public through a merger with Collective Growth, a blank check company, in a $1.4bn deal. The transaction was sponsored by Antara Capital, Perception Capital Partners and Magna International. The successful completion of the business combination will allow Innoviz Technologies to meet the booming demand of the auto industry, which has been waiting for the LiDAR technology to mature. Innoviz is engaged in multiple automotive programs with multiple partners across the globe, and is growing.