Innoviz Co-founder stepped down and left the company
31 May, 2022
Innoviz Technologies, announced a series of management team appointments. One of the largest vehicle manufacturers in the world has selected Innoviz to become its direct LiDAR supplier
Above: Oren Rosenzweig (left) and Tali Chen
Innoviz Technologies, announced a series of management team appointments. Oren Rosenzweig, Co-founder of the company, is stepping down from his position as Chief Business Officer and Board roles, effective immediately, to pursue new opportunities. Rosenzweig will continue in an active advisory role through summer 2022. He is replaced by Tali Chen, which will oversee the Company’s business development activities, establish sales targets and KPIs, and implement, report and review strategic sales and marketing plans.
Chen most recently served as CBO for DSP Group, a provider of semiconductors for wireless communications devices. DSPG was acquired by Synaptics in December 2, 2021 for $549 million. Prior to her tenure at DSP Group, Chen served in corporate development roles for RADA Electronics, a global provider of avionics and Military radar systems.
Based in Rosh Hayeen (near Tel Aviv), Innoviz provides LiDAR technologies and perception software for the Automotive industry. A month ago the company announced that one of the largest vehicle manufacturers in the world has selected Innoviz to become its direct LiDAR supplier across multiple brands. The selection follows more than two years of extensive diligence and qualification, and will increase Innoviz’s forward-looking order book by $4 billion to $6.6 billion.
Innoviz also announced the appointments of Scott Craig and Brijesh Shukla as country managers of the U.S. and Japan, respectively. Craig brings decades of experience in the semiconductor and automotive industries, previously serving at onsemi where he was responsible for OEM business development at Ford Motor Company worldwide, Stellantis and Argo – worldwide. Shukla brings twenty years of experience in direct customer-facing roles for companies such as Nissan, Honda, Toyota and Mitsubishi.
According to Fact.MR, The global automotive LiDAR market expected to reach a valuation of US$ 3 Bn by 2031, with sales growing at a 19.5% CAGR, compared with $43o million in 2021. Based on technology, the solid-state LiDAR segment will account for 60% of the total market share. Increasing sales of autonomous vehicles will spur demand for automotive LiDAR systems.