Innoviz and Kudan Announce Partnership for LiDAR-Based Geospatial Mapping Solution Across Various Industries and Use-Cases
Innoviz Technologies (Nasdaq: INVZ) (the "Company" or "Innoviz"), a technology leader of high-performance, automotive-grade LiDAR sensors and perception software, today announced its partnership with Kudan (Tokyo Stock Exchange securities code: 4425, hereafter "Kudan"). Kudan's perception software allows machines to generate 3D maps of surrounding environments and gain autonomous mobility based on Innoviz LiDARs
TEL AVIV, Israel and TOKYO, Oct. 26, 2022 /PRNewswire/ -- Innoviz Technologies (Nasdaq: INVZ) (the "Company" or "Innoviz"), a technology leader of high-performance, automotive-grade LiDAR sensors and perception software, today announced its partnership with Kudan (Tokyo Stock Exchange securities code: 4425, hereafter "Kudan"). Kudan's perception software allows machines to generate 3D maps of surrounding environments and gain autonomous mobility based on Innoviz LiDARs.
The cooperation between Innoviz and Kudan addresses the growing need for 3D digital mapping solutions leveraging "Simultaneous Localization and Mapping" (SLAM) technology. Since autonomous decisions depend on the quality of the information, perception of the environment is critical for machines. Coupled with Innoviz's LiDAR scanning, the SLAM technology enables a dynamic mapping of the environment with accurate, high-density, colorized 3D point cloud generation. With the global presence and strong networks of both companies, this partnership is a key enabler for a broad set of uses, including HD maps, robotics, construction, surveying, and "digital twinning" and "industrial metaverse" applications.
In addition to enabling non-automotive applications, Kudan's SLAM software also gives autonomous vehicles the ability to view and act upon changes to their environment in real-time by providing highly accurate, reliable results that allow vehicles to react to their surroundings. Innoviz's high-performing LiDARs deliver a rich 3D point cloud at distances up to 250 meters. Resilient to sunlight and weather conditions, Innoviz's LiDARs contribute to the accuracy and reliability of Kudan's SLAM software for safe automotive and non-automotive applications
"Innoviz is excited to promote our mapping collaboration both in automotive applications and beyond with the Kudan SLAM solution," said Omer Keilaf, Co-Founder and CEO of Innoviz. "Kudan's SLAM software and related tools are a great fit with Innoviz's products and we see great opportunity in a number of applications, including HD mapping for autonomous driving, robotics, geospatial mapping and surveying. We're also seeing traction in Asia that demonstrates high demand for our LiDAR technology for automotive and non-automotive applications"
