5 Biggest Lidar Companies in the World

3. Innoviz Technologies Ltd. (NASDAQ:INVZ)

Total market cap of the company as at 11 December 2022 (in millions): $639.7

Total revenue of the company (in millions): $6.1

Total profit / loss of the company from continuing operations (in millions): -$126.5

Total assets of the company (in millions): $327.2

Most of the biggest LiDAR companies in the world are involved in the autonomous vehicle industry and Innoviz Technologies Ltd. (NASDAQ:INVZ) is no exception. Innoviz Technologies Ltd. (NASDAQ:INVZ) has developed its InnovizTwo LiDAR technology which is ready to be used in consumer vehicles. The benefits of this technology are that it is 70% cheaper while performing 30x better than the previous generation LiDAR technologies. Innoviz Technologies Ltd. (NASDAQ:INVZ) uses its solid-state LiDAR sensors to provide a safe, autonomous driving experience. The company, which was only established 6 years ago, currently has a low revenue of just $6 million, but investors have great hope in the company which is why its current market cap is more than $600 million