Innoviz Technologies (INVZ) 20-F 21 Apr 21 2020 FY Annual report (foreign) Financial data

Cover Page

Cover Page - shares	12 Months Ended
	Dec. 31, 2020	Apr. 05, 2021
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Registrant Name	Innoviz Technologies Ltd.
Entity File Number	001-40310
Entity Central Index Key	0001835654
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	false
Entity Address, Country	IL
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Entity Interactive Data Current	Yes
Entity Voluntary Filers	No
Trading Symbol	INVZ
Title of 12(b) Security	Ordinary shares
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		129,820,963
Entity Incorporation, State or Country Code	L3
ICFR Auditor Attestation Flag	false
Warrant [Member]
Document Information [Line Items]
Trading Symbol	INVZW
Title of 12(b) Security	Warrants to purchase ordinary shares
Security Exchange Name	NASDAQ

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2020	Dec. 31, 2019
CURRENT ASSETS:
Cash and cash equivalents		$ 49,950	$ 72,792
Short term deposits		0	34,720
Restricted deposits		8	8
Trade receivables		2,506	1,021
Inventories		2,164	1,341
Prepaid expenses and other current assets		3,287	1,918
Total current assets		57,915	111,800
LONG-TERM ASSETS:
Restricted deposits		864	627
Other long-term assets		537	98
Property and equipment, net		13,245	11,339
Total long-term assets		14,646	12,064
Total assets		72,561	123,864
CURRENT LIABILITIES:
Trade payables		7,751	7,145
Advances from customers and deferred revenues		1,661	463
Employees and payroll accruals		5,528	3,417
Accrued expenses and other current liabilities		2,854	3,674
Total current liabilities		17,794	14,699
LONG-TERM LIABILITIES:
Loan, net of current maturities		2,224	2,325
Long-term advances from customers and deferred revenues		3,473	3,473
Total long-term liabilities		5,697	5,798
CONVERTIBLE PREFERRED SHARES
Total convertible preferred shares		272,815	249,081
SHAREHOLDERS' DEFICIT:
Ordinary Shares of no-par value: Authorized: 179,872,754 and 107,265,966 shares as of December 31, 2020 and 2019, respectively; Issued and outstanding: 16,948,226 and 15,855,287 shares as of December 31, 2020 and 2019, respectively.	[1]
Additional paid-in capital		7,658	4,178
Accumulated deficit		(231,403)	(149,892)
Total shareholders' deficit		(223,745)	(145,714)
Total liabilities, convertible preferred shares and shareholders' deficit		72,561	123,864
Series A Convertible Preferred Shares [Member]
CONVERTIBLE PREFERRED SHARES
Total convertible preferred shares		9,000	9,000
Series B Convertible Preferred Shares [Member]
CONVERTIBLE PREFERRED SHARES
Total convertible preferred shares		66,348	66,348
Series B-1 Convertible Preferred Shares [Member]
CONVERTIBLE PREFERRED SHARES
Total convertible preferred shares		12,500	12,500
Series C Convertible Preferred Shares [Member]
CONVERTIBLE PREFERRED SHARES
Total convertible preferred shares		161,233	161,233
Series C-1 Convertible Preferred Shares [Member]
CONVERTIBLE PREFERRED SHARES
Total convertible preferred shares		$ 23,734	$ 0
[1]	Represents amounts lower than $1.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands		Dec. 31, 2020	Dec. 31, 2019
Common stock shares no par value		$ 0	$ 0
Common stock shares authorized		179,872,754	107,265,966
Common stock shares issued		16,948,226	15,855,287
Common stock shares outstanding		16,948,226	15,855,287
Common stock value	[1]
Maximum [Member]
Common stock value		$ 1	$ 1
Series A Convertible Preferred Shares [Member]
Temporary equity shares having no par value		$ 0	$ 0
Temporary equity shares authorized		20,418,209	20,418,209
Temporary equity shares issued		20,418,209	20,418,209
Temporary equity shares outstanding		20,418,209	20,418,209
Series B Convertible Preferred Shares [Member]
Temporary equity shares having no par value		$ 0	$ 0
Temporary equity shares authorized		15,906,053	15,906,053
Temporary equity shares issued		15,906,053	15,906,053
Temporary equity shares outstanding		15,906,053	15,906,053
Series B-1 Convertible Preferred Shares [Member]
Temporary equity shares having no par value		$ 0	$ 0
Temporary equity shares authorized		3,032,940	3,032,940
Temporary equity shares issued		3,032,940	3,032,940
Temporary equity shares outstanding		3,032,940	3,032,940
Series C Convertible Preferred Shares [Member]
Temporary equity shares having no par value		$ 0	$ 0
Temporary equity shares authorized		28,973,439	28,973,439
Temporary equity shares issued		28,216,005	28,216,005
Temporary equity shares outstanding		28,216,005	28,216,005
Series C-1 Convertible Preferred Shares [Member]
Temporary equity shares having no par value		$ 0	$ 0
Temporary equity shares authorized		15,191,550	0
Temporary equity shares issued		2,699,114	0
Temporary equity shares outstanding		2,699,114	0
[1]	Represents amounts lower than $1.

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Revenues (2020 revenues net of issuance of Preferred C-1 Shares in the amount of $14,800, see note 2h)	$ (9,364)	$ 1,575	$ 62
Cost of revenues	(6,407)	(1,986)	(53)
Gross profit (loss)	(15,771)	(411)	9
Operating expenses:
Research and development	57,029	59,376	48,319
Selling and marketing	5,430	6,481	5,511
General and administrative	3,753	3,190	2,440
Total operating expenses	66,212	69,047	56,270
Operating loss	(81,983)	(69,458)	(56,261)
Financial income (expenses), net	655	2,167	(107)
Loss before taxes on income	(81,328)	(67,291)	(56,368)
Taxes on income	(183)	(10)	(32)
Net loss	$ (81,511)	$ (67,301)	$ (56,400)
Basic and diluted net loss per ordinary share	$ (5.99)	$ (5.22)	$ (4.14)
Weighted average number of ordinary shares used in computing basic and diluted net loss per ordinary share	16,514,910	15,524,845	15,039,814

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)
Income Statement [Abstract]
Reduction in revenue	$ 14,800

Consolidated Statements of Chan

Consolidated Statements of Changes in Convertible Preferred Shares And Shareholders' Deficit - USD ($) $ in Thousands		Total	Series A Convertible Preferred Shares [Member]	Series B Convertible Preferred Shares [Member]	Series B-1 Convertible Preferred Shares [Member]	Series C Convertible Preferred Shares [Member]	Series C-1 Convertible Preferred Shares [Member]	Ordinary Shares [Member]		Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Beginning balance convertible preferred shares at Dec. 31, 2017		$ 87,848	$ 9,000	$ 66,348	$ 12,500
Beginning balance convertible preferred shares (Shares) at Dec. 31, 2017			20,418,209	15,906,053	3,032,940
Beginning balance at Dec. 31, 2017		(25,644)							[1]	$ 547	$ (26,191)
Beginning balance (Shares) at Dec. 31, 2017								15,004,740
Exercise of shares options		10								10
Exercise of shares options (Shares)	[1]							74,040
Share-based Compensation		1,377								1,377
Net Loss		(56,400)									(56,400)
Ending balance convertible preferred shares at Dec. 31, 2018		87,848	$ 9,000	$ 66,348	$ 12,500
Ending balance convertible preferred shares (Shares) at Dec. 31, 2018			20,418,209	15,906,053	3,032,940
Ending balance at Dec. 31, 2018		(80,657)							[1]	1,934	(82,591)
Ending balance (Shares) at Dec. 31, 2018								15,078,780
Issuance of convertible preferred shares, net of issuance cost		161,233				$ 161,233
Issuance of convertible preferred shares, net of issuance cost (Shares)						28,216,005
Exercise of shares options		73								73
Exercise of shares options (Shares)	[1]							776,508
Share-based Compensation		2,171								2,171
Net Loss		(67,301)									(67,301)
Ending balance convertible preferred shares at Dec. 31, 2019		249,081	$ 9,000	$ 66,348	$ 12,500	$ 161,233
Ending balance convertible preferred shares (Shares) at Dec. 31, 2019			20,418,209	15,906,053	3,032,940	28,216,005	0
Ending balance at Dec. 31, 2019		(145,714)							[1]	4,178	(149,892)
Ending balance (Shares) at Dec. 31, 2019								15,855,288
Issuance of convertible preferred shares, net of issuance cost		23,734					$ 23,734
Issuance of convertible preferred shares, net of issuance cost (Shares)							2,699,114
Exercise of shares options		$ 284							[1]	284
Exercise of shares options (Shares)		1,092,938						1,092,938
Share-based Compensation		$ 3,196								3,196
Net Loss		(81,511)									(81,511)
Ending balance convertible preferred shares at Dec. 31, 2020		272,815	$ 9,000	$ 66,348	$ 12,500	$ 161,233	$ 23,734
Ending balance convertible preferred shares (Shares) at Dec. 31, 2020			20,418,209	15,906,053	3,032,940	28,216,005	2,699,114
Ending balance at Dec. 31, 2020		$ (223,745)							[1]	$ 7,658	$ (231,403)
Ending balance (Shares) at Dec. 31, 2020								16,948,226
[1]	Represents amounts lower than $1.

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Convertible Preferred Shares And Shareholders' Deficit (Parenthetical) - USD ($) $ in Thousands		Dec. 31, 2020	Dec. 31, 2019
Common stock value	[1]
Maximum [Member]
Common stock value		$ 1	$ 1
[1]	Represents amounts lower than $1.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net loss	$ (81,511)	$ (67,301)	$ (56,400)
Adjustments required to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	2,661	1,674	660
Share-based compensation	3,196	2,171	1,377
Capital loss (gain)	(6)	0	325
Issuance of Preferred C-1 Shares to a customer	14,800	0	0
Foreign exchange (gain) loss	(572)	(729)	612
Decrease (increase) in prepaid expenses and other assets	(1,296)	1,231	(2,557)
Increase in trade receivable	(1,485)	(1,060)	(59)
Increase in inventories	(823)	(200)	(1,141)
Increase (decrease) in trade payables	606	(2,255)	7,412
Increase (decrease) in accrued expenses and other liabilities	(820)	(5,566)	7,426
Increase in employees and payroll accruals	2,111	223	1,618
Increase in advances from customers and deferred revenues	1,198	2,587	1,348
Net cash used in operating activities	(61,941)	(69,225)	(39,379)
Cash flows from investing activities:
Purchase of property and equipment	(5,120)	(5,850)	(6,853)
Proceeds from sales of property and equipment	47	0	7
Proceeds from (investment in) bank deposits, net	34,720	(34,720)	47,002
Increase in restricted deposits	(56)	0	0
Net cash provided by (used in) investing activities	29,591	(40,570)	40,156
Cash flows from financing activities:
Proceeds from Issuance of convertible preferred shares, net of issuance expenses	8,934	161,233	0
Proceeds from exercise of options	284	73	10
Proceeds from loan	0	2,020	584
Repayment of loan	(277)	(204)	0
Net cash provided by financing activities	8,941	163,122	594
Effect of exchange rate changes on cash, cash equivalents and restricted cash	748	900	(612)
Increase (decrease) in cash, cash equivalents and restricted cash	(22,661)	54,227	759
Cash, cash equivalents and restricted cash at beginning of the year	73,427	19,200	18,441
Cash, cash equivalents and restricted cash at end of the year	50,766	73,427	19,200
Cash received during the year for:
Interest	553	1,279	493
Cash paid during the year for:
Interest	89	94	29
Income taxes	85	10	28
Non-cash transactions:
Investment in non-marketable equity securities in consideration for property and equipment	64	98	0
Reclassification from property and equipment. net to inventories	512	0	0
Cash, cash equivalents and restricted cash at end of the year
Cash and cash equivalents	49,950	72,792	18,555
Short-term restricted deposits	8	8	8
Restricted deposits	$ 808	$ 627	$ 637

General

General	12 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	NOTE 1:- GENERAL a. Innoviz Technologies Ltd. and its subsidiaries (the “Company” or “Innoviz”) is a leading provider of high-performance, solid-state LiDAR and perception solutions that bring enhanced vision and superior performance to enable safe autonomous driving at a mass scale. The Company provides a complete and comprehensive solution for OEMs and Tier-1 b. The Company was incorporated on January 18, 2016, under the laws of the state of Israel. c. On December 10, 2020, the Company entered into a definitive agreement for a business combination (the “Merger) with Collective Growth Corporation (“Collective Growth”), a special purpose acquisition company, that would result in Collective Growth as wholly owned subsidiary of the Company. The Merger was completed on April 5, 2021 (for further information see Note 16c).

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Significant Accounting Policies	NOTE 2:- SIGNIFICANT ACCOUNTING POLICIES The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). a. Use of estimates: The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant items subject to such estimates and assumptions include inventory reserves, warranty provision, valuation allowance for deferred tax assets, share-based compensation including the fair value of the Company’s ordinary shares, useful lives of property, plant, and equipment. The Company bases these estimates on historical and anticipated results, trends and various other assumptions that it believes are reasonable under the circumstances, including assumptions as to future events. Actual results could differ from those estimates. The novel coronavirus (“COVID-19”) COVID-19 b. Financial statements in U.S. dollars: A substantial portion of the Company’s financing activities, including equity transactions and cash investments, are incurred in U.S. dollars. The Company’s management believes that the U.S. dollar is the currency of the primary economic environment in which the Company operates. Thus, the functional and reporting currency of the Company is the U.S. dollar. A subsidiary’s functional currency is the currency of the primary economic environment in which the subsidiary operates; normally, that is the currency of the environment in which a subsidiary primarily generates and expends cash. In making the determination of the appropriate functional currency for a subsidiary, the Company considers cash flow indicators, local market indicators, financing indicators and the subsidiary’s relationship with both the parent company and other subsidiaries. For subsidiaries that are primarily a direct and integral component or extension of the parent entity’s operations, the U.S. dollar is the functional currency. The Company has determined the functional currency of its foreign subsidiaries is the U.S. Dollar. The foreign operation is considered a direct and integral part or extension of the Company’s operations. The day-to-day Accordingly, monetary accounts maintained in currencies other than the U.S. dollar are remeasured into U.S. dollars in accordance with Statement of the Accounting Standard Codification (“ASC”) No. 830 “Foreign Currency Matters” (“ASC No. 830”). All transaction gains and losses of the remeasured monetary balance sheet items are reflected in the statements of operations as financial income or expenses as appropriate. c. Principles of consolidation: The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Intercompany transactions and balances have been eliminated upon consolidation. d. Cash and Cash Equivalents and Restricted Cash The Company considers all highly liquid short-term deposits with original maturities of three months or less from the purchase date to be cash equivalents. Cash equivalents consist primarily of amounts invested in short term deposits. Restricted cash consists of long-term deposits that serves as collateral for a credit card agreement and lease agreements at one of the Company’s financial institutions. e. Inventories: Inventories are stated at the lower of cost or estimated net realizable value. Costs are computed under the standard cost method, which approximates actual costs determined on the first-in, first-out f. Property and equipment, net Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated on a straight-line basis over the estimated useful lives of the related assets, at the following annual rates: % Computers and software 33 Office furniture and equipment 7-15 Electronic equipment 15 Leasehold improvements Over the shorter of the related lease period or the useful life of the assets g. Impairment of long-lived assets: Long-lived assets are reviewed for impairment in accordance with ASC 360, “Property, Plant and Equipment” a (“ASC 360”), whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Impairment exists when the carrying value of the asset exceeds the aggregate undiscounted cash flows expected to be generated by the asset. The impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds their fair value. During the years ended December 31, 2020 and December 31, 2019, the Company recorded impairment losses in the amount of $496 and $0, respectively. h. Revenue recognition: Effective as of January 1, 2018, the Company has followed the provisions of ASC Topic 606, Revenue from Contracts with Customers (“ASC 606”), which applies to all contracts with customers. Under Topic 606, revenues are recognized when control of the promised goods or services is transferred to the customers, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. To determine the appropriate revenue recognition for arrangements that an entity determines are within the scope of Topic 606, the entity performs the following five steps: • identify the contract(s) with a customer; • identify the performance obligations in the contract; • determine the transaction price; • allocate the transaction price to the performance obligations in the contract; and • recognize revenue when (or as) the entity satisfies a performance obligation. At contract inception, once the contract is determined to be within the scope of Topic 606, the Company assesses the goods or services promised within the contract and determines those that are performance obligations and assesses whether each promised good or service is distinct. The Company evaluates each performance obligation to determine if it is satisfied at a point in time or over time. Nature of Products and Services The Company derives its revenues mainly from sales of LiDAR sensors. Revenue from LiDAR sensors is recognized at a point in time when the control of the goods is transferred to the customer, generally upon delivery. The company also provides application engineering services for its customers that are not part of a long-term production arrangement. Application engineering services revenue are recognized at a point in time or over time depending, among other considerations, on whether the Company has an enforceable right to payment, for performance completed to date. Services to certain customers may require substantive customer acceptance due to performance acceptance criteria that is considered more than a formality. For these services, revenue is recognized upon customer acceptance. The Company did not recognize revenue related to application engineering services during the years ended December 31, 2020, 2019 and 2018 as such acceptance criteria has not been met. The Company applies the practical expedient and does not assess whether a contract has a significant financing component if the expectation at contract inception is such that the period between payment by the customer and the transfer of the promised goods or services to the customer will be one year or less. The Company’s contracts with customer prepayment terms do not include a significant financing component because the primary purpose is not to receive financing from the customers. The Company’s general terms and conditions for its contracts do not contain a right of return that allows the customer to return products and receive a credit. Therefore, the Company does not estimate returns and generally recognizes revenue at contract price upon product shipment or delivery. Deferred Revenue Deferred revenues, which represent a contract liability, include amounts paid by customers not yet recognized as revenues. On December 7, 2017, the Company entered into an agreement with a tier-1 Contract liabilities consist of deferred revenue and customer advanced payments. Deferred revenue includes billings in excess of revenue recognized related to product sales and is recognized as revenue when the Company performs under the contract. The long-term portion of deferred revenue, mostly related to obligations under development agreement with OEMs, is classified as non-current Contract liabilities consisted of the following as of December 31, 2020 and December 31, 2019: December 31, 2020 2019 (in thousands) Contract Liabilities, Current Deferred Revenue, Current $ 996 $ 291 Customer Advance Payment 665 172 Total $ 1,661 $ 463 Contract Liabilities, Long-Term Deferred Revenue, Long-Term 3,473 3,473 Total Contract Liabilities $ 5,134 $ 3,936 During the year ended December 31, 2020, the Company recognized $283 that was included in deferred revenues balance at December 31, 2019. Remaining Performance Obligation The Company’s remaining performance obligations are comprised of product and engineering services revenue not yet delivered. As of December 31, 2020, the aggregate amount of the transaction price allocated to remaining performance obligations was $11 million, which the Company expects to recognize as revenue . For additional information regarding disaggregated revenues, please refer to Note 14 below. Reduction of revenues On October 12, 2020, the Company signed a Memorandum of Understanding (the “MOU”) with Magna International Inc. (“Magna”) one of its shareholders and a tier-1 In connection with the MOU, on December 10, 2020, the Company issued to Magna 1,755,966 Preferred C-1 of no-par Furthermore, on December 10, 2020, the Company signed a performance-based warrant agreement (the “Warrant”) with Magna, pursuant to which, upon the completion of certain milestones by Magna, the Company will issue to Magna warrants to receive up to: (i) 7,023,865 Ordinary Shares , in the event the Company will be registered as a public company before the issuance of the warrants, or (ii) 4,939,922 Preferred C-1 Share-based payment awards granted to a customer are measured and classified in accordance with 606-10-32-25A 606-10-32-25 C-1 Additionally, as there are no minimum commitments under the MOU, and the uncertainty of ultimate success of the SOP, there is no assurance that future benefits will be realized through sufficient purchases. Therefore, as of December 31, 2020, the Company believes that such awards granted to Magna do not meet the definition of an asset. In the year ended December 31, 2020, the Company recorded reduction of revenues in the amount of $ 14,800, representing the fair value of the Preferred C-1 i. Warranty costs: The Company provides standard product warranties, for its pre-SOP Changes in the warranty provision, presented in other accrued expenses, was as follow: Year ended December 31, 2020 2019 Balance at beginning of the year $ 61 $ * ) Warranty Provision 198 118 Warranty Claims Settled (232 ) (57 ) Balance at end of the year $ 27 $ 61 *) Represents amount lower than $1. j. Research and development expenses: Research and development costs include personnel-related expenses associated with the Company’s engineering personnel responsible for the design, development and testing of its products. Such costs related to software development are included in research and development expense until the technological feasibility is reached, which for the Company’s software products, is generally shortly before the products are released to production. Research and development costs are charged to the consolidated statements of operations as incurred. k. Patent costs: Legal and related patent costs are charged to general and administrative expenses in the consolidated statements of operations as incurred, since their realization is uncertain. l. Share-based compensation: The Company accounts for share-based compensation in accordance with ASC No. 718, “Compensation—Stock Compensation” (“ASC No. 718”). ASC No. 718 requires companies to estimate the fair value of equity-based payment awards on the date of grant using an option-pricing model. The value of the award is recognized as an expense over the requisite service period. The Company measures its share-based payment awards made to employees, directors, and non-employee service m. Accrued post-employment benefit: Severance pay: The Israeli Severance Pay Law, 1963 (“Severance Pay Law”), specifies that employees are entitled to severance payment, following the termination of their employment. Under the Severance Pay Law, the severance payment is calculated as one-month The Company’s liability for all of its Israeli employees is covered by the provisions of Section 14 of the Severance Pay Law (“Section 14”). Under Section 14 employees are entitled to monthly deposits, at a rate of 8.33% of their monthly salary, continued on their behalf to their insurance funds. Payments in accordance with Section 14 release the Company from any future severance payments in respect of those employees. As a result, the Company does not recognize any liability for severance pay due to these employees and the deposits under Section 14 are not recorded as an asset in the Company’s balance sheet. Severance pay expenses for the years ended December 31, 2020, 2019 and 2018, amounted to approximately $ 2,000, $ 1,700 and $ 1,100, respectively. 401(k) profit sharing plans: The Company has a 401(k) retirement savings plan for its employees in the U.S. Each eligible employee may elect to contribute a portion of the employee’s compensation to the plan. The U.S. Subsidiary matches 4% of employee contributions up to the plan with no limitation. During the years ended December 31, 2020, 2019 and 2018, the Company recorded expenses for matching contributions in the amount of $ 14, $ 31 and $ 9, respectively. n. Income taxes: The Company accounts for income taxes in accordance with ASC No. 740, “Income Taxes” (ASC 740”). ASC 740 prescribes the use of the liability method whereby deferred tax asset and liability account balances are determined based on differences between the financial reporting and the tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company provides a valuation allowance, if necessary, to reduce deferred tax assets to their estimated realizable value, if it is more likely than not that a portion or all of the deferred tax assets will not be realized. The Company accounts for uncertain tax positions in accordance with the provisions of ASC 740. Accounting guidance addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements, under which a Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. o. Concentration of risk: Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, short-term and restricted deposits. Trade receivable of the Company are mainly derived from customers located globally. The Company mitigates its credit risks by performing credit evaluations of its customers’ financial conditions and requires customer advance payments in certain circumstances. The Company generally does not require collateral. p. Trade receivables Trade receivables are recorded at the invoiced amount and do not bear interest. Trade receivable are periodically assed for allowance for doubtful accounts, which is the Company’s best estimate of the amount of credit losses inherent in its existing accounts receivable. In establishing the required allowance, management considers historical losses adjusted to take into account current market conditions and customers’ financial condition, the amount of receivables in dispute, and the current receivables aging and current payment patterns. The allowance of doubtful accounts was not material for the periods presented. q. Fair value of Financial Instruments: The estimated fair value of financial instruments has been determined by the Company using available market information and valuation methodologies. Considerable judgment is required in estimating fair values. Accordingly, the estimates may not be indicative of the amounts the Company could realize in a current market exchange. The following methods and assumptions were used by the Company in estimating the fair value of their financial instruments: 1. The carrying values of cash and cash equivalents, short-term and restricted deposits, trade receivables, prepaid expenses and other current assets, trade payables, employees and payroll accruals and accrued expenses and other current liabilities approximate fair values due to the short-term maturities of these instruments. 2. The Company applies ASC No. 820, “Fair Value Measurements and Disclosures” (“ASC No. 820”), with respect to fair value measurements of all financial assets and liabilities. 3. In accordance with ASC No. 820, the Company measures its short-term deposits at fair value. Short-term deposits are classified within Level 1. This is because these assets are valued using quoted market prices. Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. A three-tier fair value hierarchy is established as a basis for considering such assumptions and for inputs used in the valuation methodologies in measuring fair value: Level 2 - Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability. Level 3 - Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. r. Loss per share: The Company computes basic loss per share in accordance with ASC Topic 260, “Earnings per Share” by dividing the net loss attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the year. Diluted loss per share is computed by considering the potential dilution that could occur upon the exercise of options granted under stock-based compensation plans using the treasury stock method. Basic and diluted net loss per share was adjusted to reflect accumulative dividend rights attributed to Innoviz preferred shares. s. Deferred Transaction Costs Deferred transactions costs consist primarily of accounting, legal, and other fees related to the Company’s t. Other Comprehensive Income (Loss) The Company has no components of comprehensive loss other than net loss. Thus, comprehensive loss is the same as net loss for the period presented. u. Recently adopted accounting pronouncements: 1. In May 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09 2020-05, 2. In November 2019, the FASB issued ASU No. 2019-08, v. Recently issued accounting pronouncements not yet adopted: As an “emerging growth company,” the Jumpstart Our Business Startups Act (“JOBS Act”) allows the Company to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. The Company has elected to use this extended transition period under the JOBS Act. The adoption dates discussed below reflects this election. 1. In February 2016, the FASB issued ASU 2016-02 corresponding right-of-use asset No. 2020-05, 2016-02 non-public 2. In June 2016, the FASB issued ASU No. 2016-13 3. In August 2020, the FASB issued ASU No. 2020-06, 2020-06), 2020-06 815-40, 2020-06

Inventories

Inventories	12 Months Ended
	Dec. 31, 2020
Inventory Disclosure [Abstract]
Inventories	NOTE 3:- INVENTORIES a. Inventories are comprised of the following: December 31, 2020 2019 Raw materials $ 1,657 $ 919 Finished goods including machinery 507 422 $ 2,164 $ 1,341 b. During the years ended December 31, 2020, the Company recorded inventory write-offs as a result of product end of life in the amount of $ 2,088.

Prepaid Expenses And Other Curr

Prepaid Expenses And Other Current Assets	12 Months Ended
	Dec. 31, 2020
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid Expenses And Other Current Assets	NOTE 4:- PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets consist of the following: December 31, 2020 2019 Government authorities $ 1,618 $ 946 Prepaid expenses 461 426 Short-term deposits 118 337 Other 1,090 209 $ 3,287 $ 1,918

Property And Equipment, Net

Property And Equipment, Net	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Property And Equipment, Net	NOTE 5:- PROPERTY AND EQUIPMENT, NET a. Property and equipment, net consist of the following: December 31, 2020 2019 Cost: Computers and software $ 3,680 $ 2,527 Office furniture and equipment 557 511 Electronic equipment 8,931 6,467 Leasehold improvements 4,594 4,324 17,762 13,829 Accumulated depreciation 4,517 2,490 $ 13,245 $ 11,339 b. Depreciation expenses for the years ended December 31, 2020, 2019 and 2018, amounted to $2,661, $1,674 and $660, respectively.

Advances From Customers And Def

Advances From Customers And Deferred Revenues	12 Months Ended
	Dec. 31, 2020
Advances From Customers And Deferred Revenues [Abstract]
Advances From Customers And Deferred Revenues	NOTE 6:- ADVANCES FROM CUSTOMERS AND DEFERRED REVENUES Advances from customers and deferred revenues consist of the following: December 31, 2020 2019 Current liabilities: Deferred revenues $ 996 $ 291 Advances from customers 665 172 1,661 463 Long-term liabilities: Deferred revenues 3,473 3,473 $ 5,134 $ 3,936

Accrued Expenses And Other Curr

Accrued Expenses And Other Current Liabilities	12 Months Ended
	Dec. 31, 2020
Payables and Accruals [Abstract]
Accrued Expenses And Other Current Liabilities	NOTE 7:- ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities consisted of the following: December 31, 2020 2019 Current maturities of loan $ 275 $ 246 Warranty provision 27 61 Accrued expenses 2,536 3,367 Other 16 — $ 2,854 $ 3,674

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 8:- COMMITMENTS AND CONTINGENCIES a. Operating lease commitments: The Company leases facility for its office, which includes exit points on November 2021 and 20204. The lease agreement will expire on November 30, 2028. The minimum future lease payments under the operating leases agreement subsequent to December 31, 2020, are as follows: Total Year ended December 31, Unaudited 2021 $ 1,031 2022 994 2023 985 2024 992 2025 and thereafter 3,890 $ 7,892 Total rent expenses for the years ended December 31, 2020, 2019 and 2018, were approximately $956, $777 and $580, respectively. As part of the lease agreement, the Company received a loan from the owner of the Company office in Israel in the amount of NIS 9,700 thousand (approximately $2,700) to be used for constructing lease hold improvements. The loan bears an annual interest of 3.58% and is to be repaid in 120 fixed monthly installments of NIS 98,500 (approximately $28). Financial expenses with respect to loan for the years ended December 31, 2020, 2019 and 2018, amounted to $89, $94 and $29, respectively. b. Legal proceedings: The Company is currently not part, as plaintiff or defendant, to any legal proceedings that, individually or in the aggregate, are expected by the Company to have a material effect on the Company’s business, financial position, results of operations or cash flows. The Company reviews the status of each matter and assesses its potential financial exposure. If the potential loss from any claim or legal proceeding is considered probable and the amount can be reasonably estimated, the Company accrues a liability for the estimated loss. These accruals are reviewed at least yearly and adjusted to reflect the impact of negotiations, settlements, rulings, advice of legal counsel and other information and events pertaining to a matter.

Convertible Preferred Shares

Convertible Preferred Shares	12 Months Ended
	Dec. 31, 2020
Temporary Equity Disclosure [Abstract]
Convertible Preferred Shares	NOTE 9:- CONVERTIBLE PREFERRED SHARES a. Convertible Shares at December 31, 2020 and 2019, are comprised of the following: December 31, Authorized Issued and outstanding Carrying Liquidation 2020 2019 2020 2019 2020 Number of shares Preferred A Shares of no- 20,418,209 20,418,209 20,418,209 20,418,209 $ 9,000 $ 11,682 Preferred B Shares of no- 15,906,053 15,906,053 15,906,053 15,906,053 $ 66,348 $ 89,659 Preferred B-1 no- 3,032,940 3,032,940 3,032,940 3,032,940 $ 12,500 $ 13,693 Preferred C Shares of no- 28,973,439 28,973,439 28,216,005 28,216,005 $ 161,233 $ 186,954 Preferred C-1 no- 15,191,550 — 2,699,114 — $ 23,734 $ 26,218 (1) Preferred shares A, B, B-1, C-1 Conversion rights - B-1, C-1 C-1 Dividend - a) First, the holders of the Preferred C and C-1 b) Second, the holders of the Preferred B and B-1 c) Third, the holders of the Preferred A Shares shall be entitled to receive, in preference to each inferior class, an amount calculated in the same manner as described above with respect to the Preferred C Shares. d) Following the full payment of the entire preferred preference to the holders of Preferred Shares, the holders of the Ordinary Shares will be entitled to receive the remaining distribution proceeds (if any), pro rata based on the number of Ordinary Shares held by each such holder. No dividends have been declared to date as of December 31, 2020. Liquidation preference - Redemption - C-1 6-year B-1 b. On February 24, 2019, the Company closed its initial Series C Preferred Share financing round. Pursuant to the Series C Preferred Share purchase agreement, the Company issued 17,186,944 series Preferred C Shares at a price of $5.9842 per share, for total consideration of $ 102,850, net of issuance costs in the amount of $4,730. Following the initial closing of its Series C financing round, the Company entered into multiple deferred closings until June 1, 2019, pursuant to which the Company issued 11,029,055 Preferred C Shares at a price of $5.9842 per share, for a total consideration of $66,000, net of issuance costs in the amount of $2,887. c. On October 1, 2020, the Company signed an agreement (the “Agreement”) with new and existing investors, according to which the Company issued 943,148 series C-1 The transaction documents also confer upon certain of Preferred C-1 1. In the event that: (i) definitive agreement in connection with transaction between the Company and a SPAC, shall not be signed prior to December 31, 2020, or (ii) the closing of the transactions contemplated under such aforementioned definitive agreements shall not have taken place prior to April 30, 2021, the Company will issue additional Preferred C-1 C-1 C-1 2. In the event the closing of the transactions contemplated under such aforementioned definitive agreements shall have taken place prior to April 30, 2021, with pre-money valuation of the Company lower than $1,300,000 thousands, the Company will issue additional Preferred C-1 Share for no additional consideration, such that after the issuance of the additional Preferred C-1 Shares, the aggregate number of Preferred C-1 Shares held by the investor shall be equal to the aggregate investment made by the investor divided 70% of the Original PPS. On December 10 , 2020, the Company issued to Magna 1,755,966 Preferred C-1 d. Classification: Since a deemed liquidation event is not solely within the control of the Company, the Preferred Shares were classified outside of permanent equity as temporary equity pursuant to ASC 480-10-S99. As of December 31, 2020, and 2019, the Company did not adjust the carrying values of the Preferred Shares to the deemed liquidation values of such shares since a liquidation event was not probable.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Shareholders' Equity	NOTE 10:- SHAREHOLDERS’ EQUITY a. Composition of share capital: December 31, 2020 2019 Authorized Issued and Authorized Issued and Number of Shares Number of Shares Ordinary Shares of no-par 179,872,754 16,948,226 107,265,966 15,855,287 (1) Ordinary Shares confer upon the holders the right to vote in annual and special meetings of the Company, and to participate in the distribution of the surplus assets of the Company upon liquidation of the Company, after the distribution of the Company’s Preferred Shares liquidation preference (for further information see Note 9). b. On January 18, 2016, upon inception, the Company issued to certain shareholders 17,559,663 Ordinary Shares of no-par c. On February 17, 2021, the Company effected a one-for-1.138974 reverse share split of ordinary shares and preferred shares (for further information see Note 16a).

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	NOTE 11:- SHARE-BASED COMPENSATION a. Share option plans: In 2016, the Company’s board of directors adopted the 2016 Share Incentive Plan (“the Plan”). According to the Plan, share awards or options to purchase shares may be granted to employees, directors, consultants and other service providers of the Company or any affiliate of the Company. Under the Plan, as of December 31, 2020, and 2019, a total of 12,513,999 ordinary shares were authorized for issuance, of which 2,066,574 and 3,795,989 ordinary shares were then available for future awards, respectively. Each option granted under the Plan expires no later than ten years from the date of grant. The options vest primarily over four years of employment. b. Options granted to employees: The fair value of the Company’s share options granted to employees for the years ended December 31, 2020, 2019 and 2018, was estimated using the following weighted average assumptions: Year ended December 31, 2020 2019 2018 Expected term, in years 6.25 6.25 6.25 Expected volatility 65% 65% - 70% 70% - 75% Risk-Free interest rate 0.46% - 1.74% 1.77% - 2.65% 2.68% - 3.13% Expected dividend yield 0% 0% 0% A summary of employee option balances under the 2016 Plan as of December 31, 2020, and changes during the year then ended are as follows: Number of Weighted- Weighted- Aggregate (in thousands) Outstanding at January 1, 2020 7,834,282 $ 0.48 8.26 $ 18,153 Granted 2,581,589 $ 1.14 Exercised (1,092,938 ) $ 0.26 $ 6,734 Forfeited (833,425 ) $ 0.68 Expired (18,750 ) $ 0.79 Outstanding at December 31, 2020 8,470,758 $ 0.68 7.92 $ 48,594 Exercisable at December 31, 2020 4,161,444 $ 0.44 7.07 $ 24,873 Exercise price - Expected volatility - Expected term (years) - Risk-free interest rate - Expected dividend yield - The share-based compensation expense recognized in the Company’s consolidated statements of operations are as follow: Year ended December 31, 2020 2019 2018 Research and development $ 2,649 $ 1,695 $ 1002 Sales and marketing 338 374 285 General and administrative 209 102 90 $ 3,196 $ 2,171 $ 1,377 The Company recognizes forfeitures as they occur. As of December 31, 2020, 2019 and 2018, unrecognized compensation cost related to share options was $9,220, $5,660 and $5,110, respectively, which was expected to be recognized over a weighted average period of 2.92 years, 2.79 years and 3.05 years, respectively. The weighted-average grant date fair value of options granted during the years ended December 31, 2020 and 2019, was $3.01 and $1.58, respectively.

Taxes on Income

Taxes on Income	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Taxes on Income	NOTE 12:- TAXES ON INCOME a. Corporate tax rates in Israel: The corporate tax rate in Israel in 2018 and thereafter is 23%. b. Income taxes on US subsidiary: On December 22, 2017, the United States enacted the Tax Cuts and Jobs Act (the “U.S. Tax Reform”); a comprehensive tax legislation that includes significant changes to the taxation of business entities. These changes, most of which are effective for tax years beginning after December 31, 2017, include several key tax provisions that might impact the Company, including, among others: (i) a permanent reduction to the statutory federal corporate income tax rate from 35% (top rate) to 21% (flat rate) effective for tax years beginning after December 31, 2017; (ii) a new tax deduction in the amount of 37.5% of “foreign derived intangible income” that effectively reduces the federal corporate tax on certain qualified foreign derived sales/licenses/leases and service income in excess of a base amount to 13.125% (as compared to the regular corporate income tax rate of 21%); (iii) stricter limitations on the tax deductibility of business interest expense; (iv) a participation exemption for certain repatriations of earnings to the United States (along with certain rules designed to prevent erosion of the U.S. income tax base); (v) a one-time low-taxed c. Carryforward tax losses and credits: As of December 31, 2020, the Company had operating loss carry forwards for Israeli income tax purposes of approximately $161,000 which may be offset indefinitely against future taxable income. d. Deferred income taxes: Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The principal components of the Company’s deferred tax assets are as follows: December 31, 2020 2019 Deferred tax assets: Net operating loss carryforward $ 37,636 $ 20,453 Research and development costs carryforward 15,997 13,835 Accrued Expenses 446 198 Share-based compensation 23 23 Other 27 11 Gross deferred tax assets 54,129 34,520 Valuation allowance (54,117 ) (34,520 ) Deferred tax liabilities: Property and equipment (12 ) (11 ) Net deferred tax $ — $ — Based on the available evidence, management believes that it is more likely than not that certain of its deferred tax assets relating to net operating loss carryforwards and other temporary differences in Israel will not be realized and accordingly, a valuation allowance has been provided. As of December 31, 2020, and 2019, the Company has not provided a deferred tax liability in respect of cumulative undistributed earnings relating to the Company’s foreign subsidiaries, as the Company intends to keep these earnings permanently invested. e. Loss before taxes on income is comprised as follows: Year ended December 31, 2020 2019 2018 Domestic $ (81,462 ) $ (67,316 ) $ (56,376 ) Foreign 134 15 76 Loss before taxes on income $ (81,328 ) $ (67,301 ) $ (56,300 ) f. Income taxes are comprised as follows: Year ended 2020 2019 2018 Current $ 183 $ 10 $ 32 Domestic 128 — 15 Foreign 55 10 17 $ 183 $ 10 $ 32 g. The reconciliation of the tax benefit at the Israeli statutory tax rate to the Company’s income taxes is as follows: Year ended December 31, 2020 2019 2018 Israel tax provision at statutory rate 23.00 % 23.00 % 23.00 % Non-deductible (0.61 %) (0.63 %) (0.60 %) Effect of other permanent differences (3.92 %) (0.06 %) (0.08 %) Change in valuation allowance (18.95 %) (22.32 %) (21.94 %) Other adjustments 0.25 % — 0.44 % Effective tax rate (0.23 %) (0.01 %) (0.06 %) h. Tax assessments: The Company is currently in the process of income tax audits in Israel, for the tax years 2016 through 2018. The Company’s tax assessments through 2015 are considered final. As of December 31, 2020, the tax returns of the Company and its main subsidiaries are still subject to audits by the tax authorities for the tax years 2016 through 2020. i. Uncertain tax positions: The Company has reviewed the tax positions taken, or to be taken, in its tax returns for all tax years currently open to examination by a taxing authority. As of December 31, 2020, and 2019, the Company has not recorded any uncertain tax position liability.

Basic and Diluted Net Loss Per

Basic and Diluted Net Loss Per Share	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Basic and Diluted Net Loss Per Share	NOTE 13:- BASIC AND DILUTED NET LOSS PER SHARE The following table sets forth the computation of the net loss per share for the period presented: Year ended December 31, 2020 2019 2018 Numerator: Net loss $ (81,511 ) $ (67,301 ) $ (56,400 ) Preferred share accrued cumulative dividend rights (17,473 ) (13,664 ) (5,795 ) Total loss attributable to ordinary shares $ (98,984 ) $ (80,965 ) $ (62,195 ) Denominator: 16,514,910 15,524,845 15,039,814 The following potentially dilutive ordinary share equivalents have been excluded from the calculation of diluted net loss per share for the period presented due to their anti-dilutive effect: a. 20,418,209 Preferred A Shares, 15,906,053 Preferred B Shares, 3,032,940 Preferred B-1 C-1 b. 20,418,209 Preferred A Shares, 15,906,053 Preferred B Shares, 3,032,940 Preferred B-1 c. 20,418,209 Preferred A Shares, 15,906,053 Preferred B Shares, 3,032,940 Preferred B-1

Geographic and Customer Informa

Geographic and Customer Information	12 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Geographic and Customer Information	NOTE 14:- GEOGRAPHIC AND CUSTOMER INFORMATION a. Geographic information: Following is a summary of revenues by geographic areas. Revenues attributed to geographic areas, based on the location where the customers accept delivery of the products and services: Year ended December 31, 2020 2019 2018 Europe, Middle East and Africa (*) $ 3,803 $ 1,105 $ 51 Asia Pacific 1,078 182 11 North America (**) (14,245 ) 288 — $ (9,364 ) $ 1,575 $ 62 (*) Includes revenue from Germany in the amount of $3,635, $983 and $51 in the years ended December 31, 2020, 2019 and 2018, respectively. (**) Include reduction of revenue from United States in the amount of $14,800 during the year ended December 31, 2020. b. The Company’s long-lived assets (property and equipment, net) are located as follows: Year ended 2020 2019 Israel $ 13,053 $ 11,216 United States 74 114 Germany 34 5 Belarus 84 4 $ 13,245 $ 11,339 c. Customers accounted for over 10% of revenue: As of December 31, 2020, the Company had three customers that accounted for 51%, 22% and 10% of revenues (exclude of reduction of revenues of issuance of Preferred C-1 As of December 31, 2019, the company had one customer that accounted for 64% of revenues. As of December 31, 2018, the company had two customers that accounted for 18% and 82%, respectively, of revenues .

Related Party Balances And Tran

Related Party Balances And Transactions	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Related Party Balances And Transactions	NOTE 15:- RELATED PARTY BALANCES AND TRANSACTIONS a. Balances with the related parties: December 31, 2020 2019 Trade Receivable $ 1,146 $ 1,043 Long term deferred revenues $ 3,500 $ 3,500 b. Transactions with the related parties: Year ended December 31, 2020 2019 2018 Revenues (net revenues) $ (12,014 ) $ 1,002 $ 51 During the years ended December 31, 2018, 2019 and 2020 the Company earned $51, $1,002 and $(12,014) respectively, in revenues (net revenues) from the sale of services and goods to a shareholder (also refer to Note 2h). As of December 31, 2018, December 31, 2019 and December 31, 2020, the Company recorded receivables of $35, $1,043 and $1,146, respectively from the same shareholder mentioned above in connection with the revenues earned, included as Trade Receivable on the accompanying consolidated balance sheets. The receivables were collected in the ordinary course of business. As of December 31, 2018, December 31, 2019 and December 31, 2020, the Company recorded deferred revenue of $1.3 million, $3.5 million and $3.5 million, respectively, from the same shareholder mentioned above in connection with the revenues earned, included as Long Term Deferred Revenue on the accompanying consolidated balance sheets.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	NOTE 16:- SUBSEQUENT EVENTS a. On February 17, 2021, the Innoviz effected a 1-for-1.138974 b. Immediately prior to the closing of the Merger as described below, and in accordance with the Preferred C-1 C-1 C-1 no-par c. Business Combination Pursuant to the merger agreement described in Note 1c, on April 5, 2021 (the “Closing Date”), Hatzata Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of the Company was merged with and into Collective Growth, with Collective Growth surviving as a wholly-owned subsidiary of Innoviz (the “Business Combination”). The merger with a subsidiary is accounted for as a reverse recapitalization, with no goodwill or other intangible assets recorded, in accordance with ASC 805 “ Business combinations Upon closing of the Business Combination, 20,418,209, 15,906,053, 3,032,940, 28,216,005 and 3,045,792 of the Company’s Preferred A, B, B-1, C-1 no-par On the Closing Date, the following securities issuances were made by the Company to Collective Growth’s securityholders: (i) each outstanding share of Class B common shares of Collective Growth, after taking into account the forfeiture of 1,875,000 shares by the holders of Class B common shares, was exchanged for one ordinary share of the Company (“Company Ordinary Share”), (ii) each outstanding share of Class A common stock of Collective Growth was exchanged for one Company Ordinary Share, and (iii) each outstanding warrant of Collective Growth, after taking into account the forfeiture of 187,500 warrants by certain holders of warrants of Collective Growth and including an aggregate of 100,000 warrants issued upon the conversion of outstanding convertible notes made by the Sponsor for working capital purposes, was assumed by the Company and became a warrant of the Company (“Company Warrant”). In addition, on the Closing Date, in connection with the consummation of the Business Combination and after giving effect, to the redemption of an aggregate of 891,046 shares of Collective Growth’s Class A common stock in accordance with the terms of Collective Growth’s amended and restated certificate of incorporation and in accordance with the Put Option Agreement between the Company and Antara: (i) each outstanding preferred share of the Company was converted into one Company Ordinary Share, (ii) the Company issued Perception an aggregate of 3,027,747 Company Warrants, and (iii) the Company issued Antara an aggregate of 3,002,674 Company Ordinary Shares and 3,784,753 Company Warrants and (iii) the Company agreed to issue to Company’s Management 2,500,000 Ordinary Shares and 3,500,000 warrants, taking into account, in each case, any applicable withholding taxes. In addition, in the event that the earnout Target is reached during the Earnout Period (both “Target” and “Earnout Period” as defined in the Business Combination Agreement), then: (A) Perception shall also be entitled to receive up to 2,175,000 of additional Company Ordinary Shares, (B) Antara shall also be entitled to receive up to 312,297 of additional Company Ordinary Shares and (C) certain members of the Company’s management shall also be entitled to receive up to 1,250,000 of additional Company Ordinary Shares. Additionally, on the Closing Date, the Company completed the sale of Ordinary Shares to certain accredited investors (“Investors”), at a price per share of $10, for gross proceeds to the Company of approximately $230,000 thousand, pursuant to a series of subscription agreements (“Subscription Agreements”) entered into by the Company and the Investors concurrently with the execution of the Business Combination Agreement. Upon closing of the Business Combination, the Company has adopted amended and restated articles of association to align such organizational documents with consistent with those of a publicly held company and has become a publicly traded company.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Use of estimates	a. Use of estimates: The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant items subject to such estimates and assumptions include inventory reserves, warranty provision, valuation allowance for deferred tax assets, share-based compensation including the fair value of the Company’s ordinary shares, useful lives of property, plant, and equipment. The Company bases these estimates on historical and anticipated results, trends and various other assumptions that it believes are reasonable under the circumstances, including assumptions as to future events. Actual results could differ from those estimates. The novel coronavirus (“COVID-19”) COVID-19
Financial statements in U.S. dollars	b. Financial statements in U.S. dollars: A substantial portion of the Company’s financing activities, including equity transactions and cash investments, are incurred in U.S. dollars. The Company’s management believes that the U.S. dollar is the currency of the primary economic environment in which the Company operates. Thus, the functional and reporting currency of the Company is the U.S. dollar. A subsidiary’s functional currency is the currency of the primary economic environment in which the subsidiary operates; normally, that is the currency of the environment in which a subsidiary primarily generates and expends cash. In making the determination of the appropriate functional currency for a subsidiary, the Company considers cash flow indicators, local market indicators, financing indicators and the subsidiary’s relationship with both the parent company and other subsidiaries. For subsidiaries that are primarily a direct and integral component or extension of the parent entity’s operations, the U.S. dollar is the functional currency. The Company has determined the functional currency of its foreign subsidiaries is the U.S. Dollar. The foreign operation is considered a direct and integral part or extension of the Company’s operations. The day-to-day Accordingly, monetary accounts maintained in currencies other than the U.S. dollar are remeasured into U.S. dollars in accordance with Statement of the Accounting Standard Codification (“ASC”) No. 830 “Foreign Currency Matters” (“ASC No. 830”). All transaction gains and losses of the remeasured monetary balance sheet items are reflected in the statements of operations as financial income or expenses as appropriate.
Principles of consolidation	c. Principles of consolidation: The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Intercompany transactions and balances have been eliminated upon consolidation.
Cash and Cash Equivalents and Restricted Cash	d. Cash and Cash Equivalents and Restricted Cash The Company considers all highly liquid short-term deposits with original maturities of three months or less from the purchase date to be cash equivalents. Cash equivalents consist primarily of amounts invested in short term deposits. Restricted cash consists of long-term deposits that serves as collateral for a credit card agreement and lease agreements at one of the Company’s financial institutions.
Inventories	e. Inventories: Inventories are stated at the lower of cost or estimated net realizable value. Costs are computed under the standard cost method, which approximates actual costs determined on the first-in, first-out
Property and equipment, net	f. Property and equipment, net Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated on a straight-line basis over the estimated useful lives of the related assets, at the following annual rates: % Computers and software 33 Office furniture and equipment 7-15 Electronic equipment 15 Leasehold improvements Over the shorter of the related lease period or the useful life of the assets
Impairment of long-lived assets	g. Impairment of long-lived assets: Long-lived assets are reviewed for impairment in accordance with ASC 360, “Property, Plant and Equipment” a (“ASC 360”), whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Impairment exists when the carrying value of the asset exceeds the aggregate undiscounted cash flows expected to be generated by the asset. The impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds their fair value. During the years ended December 31, 2020 and December 31, 2019, the Company recorded impairment losses in the amount of $496 and $0, respectively.
Revenue recognition	h. Revenue recognition: Effective as of January 1, 2018, the Company has followed the provisions of ASC Topic 606, Revenue from Contracts with Customers (“ASC 606”), which applies to all contracts with customers. Under Topic 606, revenues are recognized when control of the promised goods or services is transferred to the customers, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. To determine the appropriate revenue recognition for arrangements that an entity determines are within the scope of Topic 606, the entity performs the following five steps: • identify the contract(s) with a customer; • identify the performance obligations in the contract; • determine the transaction price; • allocate the transaction price to the performance obligations in the contract; and • recognize revenue when (or as) the entity satisfies a performance obligation. At contract inception, once the contract is determined to be within the scope of Topic 606, the Company assesses the goods or services promised within the contract and determines those that are performance obligations and assesses whether each promised good or service is distinct. The Company evaluates each performance obligation to determine if it is satisfied at a point in time or over time. Nature of Products and Services The Company derives its revenues mainly from sales of LiDAR sensors. Revenue from LiDAR sensors is recognized at a point in time when the control of the goods is transferred to the customer, generally upon delivery. The company also provides application engineering services for its customers that are not part of a long-term production arrangement. Application engineering services revenue are recognized at a point in time or over time depending, among other considerations, on whether the Company has an enforceable right to payment, for performance completed to date. Services to certain customers may require substantive customer acceptance due to performance acceptance criteria that is considered more than a formality. For these services, revenue is recognized upon customer acceptance. The Company did not recognize revenue related to application engineering services during the years ended December 31, 2020, 2019 and 2018 as such acceptance criteria has not been met. The Company applies the practical expedient and does not assess whether a contract has a significant financing component if the expectation at contract inception is such that the period between payment by the customer and the transfer of the promised goods or services to the customer will be one year or less. The Company’s contracts with customer prepayment terms do not include a significant financing component because the primary purpose is not to receive financing from the customers. The Company’s general terms and conditions for its contracts do not contain a right of return that allows the customer to return products and receive a credit. Therefore, the Company does not estimate returns and generally recognizes revenue at contract price upon product shipment or delivery. Deferred Revenue Deferred revenues, which represent a contract liability, include amounts paid by customers not yet recognized as revenues. On December 7, 2017, the Company entered into an agreement with a tier-1 Contract liabilities consist of deferred revenue and customer advanced payments. Deferred revenue includes billings in excess of revenue recognized related to product sales and is recognized as revenue when the Company performs under the contract. The long-term portion of deferred revenue, mostly related to obligations under development agreement with OEMs, is classified as non-current Contract liabilities consisted of the following as of December 31, 2020 and December 31, 2019: December 31, 2020 2019 (in thousands) Contract Liabilities, Current Deferred Revenue, Current $ 996 $ 291 Customer Advance Payment 665 172 Total $ 1,661 $ 463 Contract Liabilities, Long-Term Deferred Revenue, Long-Term 3,473 3,473 Total Contract Liabilities $ 5,134 $ 3,936 During the year ended December 31, 2020, the Company recognized $283 that was included in deferred revenues balance at December 31, 2019. Remaining Performance Obligation The Company’s remaining performance obligations are comprised of product and engineering services revenue not yet delivered. As of December 31, 2020, the aggregate amount of the transaction price allocated to remaining performance obligations was $11 million, which the Company expects to recognize as revenue . For additional information regarding disaggregated revenues, please refer to Note 14 below. Reduction of revenues On October 12, 2020, the Company signed a Memorandum of Understanding (the “MOU”) with Magna International Inc. (“Magna”) one of its shareholders and a tier-1 In connection with the MOU, on December 10, 2020, the Company issued to Magna 1,755,966 Preferred C-1 of no-par Furthermore, on December 10, 2020, the Company signed a performance-based warrant agreement (the “Warrant”) with Magna, pursuant to which, upon the completion of certain milestones by Magna, the Company will issue to Magna warrants to receive up to: (i) 7,023,865 Ordinary Shares , in the event the Company will be registered as a public company before the issuance of the warrants, or (ii) 4,939,922 Preferred C-1 Share-based payment awards granted to a customer are measured and classified in accordance with 606-10-32-25A 606-10-32-25 C-1 Additionally, as there are no minimum commitments under the MOU, and the uncertainty of ultimate success of the SOP, there is no assurance that future benefits will be realized through sufficient purchases. Therefore, as of December 31, 2020, the Company believes that such awards granted to Magna do not meet the definition of an asset. In the year ended December 31, 2020, the Company recorded reduction of revenues in the amount of $ 14,800, representing the fair value of the Preferred C-1
Warranty costs	i. Warranty costs: The Company provides standard product warranties, for its pre-SOP Changes in the warranty provision, presented in other accrued expenses, was as follow: Year ended December 31, 2020 2019 Balance at beginning of the year $ 61 $ * ) Warranty Provision 198 118 Warranty Claims Settled (232 ) (57 ) Balance at end of the year $ 27 $ 61 *) Represents amount lower than $1.
Research and development expenses	j. Research and development expenses: Research and development costs include personnel-related expenses associated with the Company’s engineering personnel responsible for the design, development and testing of its products. Such costs related to software development are included in research and development expense until the technological feasibility is reached, which for the Company’s software products, is generally shortly before the products are released to production. Research and development costs are charged to the consolidated statements of operations as incurred.
Patent costs	k. Patent costs: Legal and related patent costs are charged to general and administrative expenses in the consolidated statements of operations as incurred, since their realization is uncertain.
Share-based compensation	l. Share-based compensation: The Company accounts for share-based compensation in accordance with ASC No. 718, “Compensation—Stock Compensation” (“ASC No. 718”). ASC No. 718 requires companies to estimate the fair value of equity-based payment awards on the date of grant using an option-pricing model. The value of the award is recognized as an expense over the requisite service period. The Company measures its share-based payment awards made to employees, directors, and non-employee service
Accrued post-employment benefit	m. Accrued post-employment benefit: Severance pay: The Israeli Severance Pay Law, 1963 (“Severance Pay Law”), specifies that employees are entitled to severance payment, following the termination of their employment. Under the Severance Pay Law, the severance payment is calculated as one-month The Company’s liability for all of its Israeli employees is covered by the provisions of Section 14 of the Severance Pay Law (“Section 14”). Under Section 14 employees are entitled to monthly deposits, at a rate of 8.33% of their monthly salary, continued on their behalf to their insurance funds. Payments in accordance with Section 14 release the Company from any future severance payments in respect of those employees. As a result, the Company does not recognize any liability for severance pay due to these employees and the deposits under Section 14 are not recorded as an asset in the Company’s balance sheet. Severance pay expenses for the years ended December 31, 2020, 2019 and 2018, amounted to approximately $ 2,000, $ 1,700 and $ 1,100, respectively. 401(k) profit sharing plans: The Company has a 401(k) retirement savings plan for its employees in the U.S. Each eligible employee may elect to contribute a portion of the employee’s compensation to the plan. The U.S. Subsidiary matches 4% of employee contributions up to the plan with no limitation. During the years ended December 31, 2020, 2019 and 2018, the Company recorded expenses for matching contributions in the amount of $ 14, $ 31 and $ 9, respectively.
Income taxes	n. Income taxes: The Company accounts for income taxes in accordance with ASC No. 740, “Income Taxes” (ASC 740”). ASC 740 prescribes the use of the liability method whereby deferred tax asset and liability account balances are determined based on differences between the financial reporting and the tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company provides a valuation allowance, if necessary, to reduce deferred tax assets to their estimated realizable value, if it is more likely than not that a portion or all of the deferred tax assets will not be realized. The Company accounts for uncertain tax positions in accordance with the provisions of ASC 740. Accounting guidance addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements, under which a Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position.
Concentration of risk	o. Concentration of risk: Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, short-term and restricted deposits. Trade receivable of the Company are mainly derived from customers located globally. The Company mitigates its credit risks by performing credit evaluations of its customers’ financial conditions and requires customer advance payments in certain circumstances. The Company generally does not require collateral.
Trade receivables	p. Trade receivables Trade receivables are recorded at the invoiced amount and do not bear interest. Trade receivable are periodically assed for allowance for doubtful accounts, which is the Company’s best estimate of the amount of credit losses inherent in its existing accounts receivable. In establishing the required allowance, management considers historical losses adjusted to take into account current market conditions and customers’ financial condition, the amount of receivables in dispute, and the current receivables aging and current payment patterns. The allowance of doubtful accounts was not material for the periods presented.
Fair value of Financial Instruments	q. Fair value of Financial Instruments: The estimated fair value of financial instruments has been determined by the Company using available market information and valuation methodologies. Considerable judgment is required in estimating fair values. Accordingly, the estimates may not be indicative of the amounts the Company could realize in a current market exchange. The following methods and assumptions were used by the Company in estimating the fair value of their financial instruments: 1. The carrying values of cash and cash equivalents, short-term and restricted deposits, trade receivables, prepaid expenses and other current assets, trade payables, employees and payroll accruals and accrued expenses and other current liabilities approximate fair values due to the short-term maturities of these instruments. 2. The Company applies ASC No. 820, “Fair Value Measurements and Disclosures” (“ASC No. 820”), with respect to fair value measurements of all financial assets and liabilities. 3. In accordance with ASC No. 820, the Company measures its short-term deposits at fair value. Short-term deposits are classified within Level 1. This is because these assets are valued using quoted market prices. Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. A three-tier fair value hierarchy is established as a basis for considering such assumptions and for inputs used in the valuation methodologies in measuring fair value: Level 2 - Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability. Level 3 - Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.
Loss per share	r. Loss per share: The Company computes basic loss per share in accordance with ASC Topic 260, “Earnings per Share” by dividing the net loss attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the year. Diluted loss per share is computed by considering the potential dilution that could occur upon the exercise of options granted under stock-based compensation plans using the treasury stock method. Basic and diluted net loss per share was adjusted to reflect accumulative dividend rights attributed to Innoviz preferred shares.
Deferred Transaction Costs	s. Deferred Transaction Costs Deferred transactions costs consist primarily of accounting, legal, and other fees related to the Company’s
Other Comprehensive Income (Loss)	t. Other Comprehensive Income (Loss) The Company has no components of comprehensive loss other than net loss. Thus, comprehensive loss is the same as net loss for the period presented.
Recently adopted accounting pronouncements	u. Recently adopted accounting pronouncements: 1. In May 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09 2020-05, 2. In November 2019, the FASB issued ASU No. 2019-08,
Recently issued accounting pronouncements not yet adopted	v. Recently issued accounting pronouncements not yet adopted: As an “emerging growth company,” the Jumpstart Our Business Startups Act (“JOBS Act”) allows the Company to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. The Company has elected to use this extended transition period under the JOBS Act. The adoption dates discussed below reflects this election. 1. In February 2016, the FASB issued ASU 2016-02 corresponding right-of-use asset No. 2020-05, 2016-02 non-public 2. In June 2016, the FASB issued ASU No. 2016-13 3. In August 2020, the FASB issued ASU No. 2020-06, 2020-06), 2020-06 815-40, 2020-06

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Summary of Estimated Useful Lives of Related Assets	Depreciation is calculated on a straight-line basis over the estimated useful lives of the related assets, at the following annual rates: % Computers and software 33 Office furniture and equipment 7-15 Electronic equipment 15 Leasehold improvements Over the shorter of the related lease period or the useful life of the assets
Summary of Contract Liabilities	Contract liabilities consisted of the following as of December 31, 2020 and December 31, 2019: December 31, 2020 2019 (in thousands) Contract Liabilities, Current Deferred Revenue, Current $ 996 $ 291 Customer Advance Payment 665 172 Total $ 1,661 $ 463 Contract Liabilities, Long-Term Deferred Revenue, Long-Term 3,473 3,473 Total Contract Liabilities $ 5,134 $ 3,936
Summary of Changes in Warranty Provision	Changes in the warranty provision, presented in other accrued expenses, was as follow: Year ended December 31, 2020 2019 Balance at beginning of the year $ 61 $ * ) Warranty Provision 198 118 Warranty Claims Settled (232 ) (57 ) Balance at end of the year $ 27 $ 61 *) Represents amount lower than $1.

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2020
Inventory, Net [Abstract]
Summary of Inventories	a. Inventories are comprised of the following: December 31, 2020 2019 Raw materials $ 1,657 $ 919 Finished goods including machinery 507 422 $ 2,164 $ 1,341

Prepaid Expenses And Other Cu_2

Prepaid Expenses And Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2020
Prepaid Expense and Other Assets, Current [Abstract]
Summary of Prepayment And Other Current Assets	Prepaid expenses and other current assets consist of the following: December 31, 2020 2019 Government authorities $ 1,618 $ 946 Prepaid expenses 461 426 Short-term deposits 118 337 Other 1,090 209 $ 3,287 $ 1,918

Property And Equipment, Net (Ta

Property And Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment, Net [Abstract]
Schedule of Property And Equipment, Net	a. Property and equipment, net consist of the following: December 31, 2020 2019 Cost: Computers and software $ 3,680 $ 2,527 Office furniture and equipment 557 511 Electronic equipment 8,931 6,467 Leasehold improvements 4,594 4,324 17,762 13,829 Accumulated depreciation 4,517 2,490 $ 13,245 $ 11,339

Advances From Customers And D_2

Advances From Customers And Deferred Revenues (Tables)	12 Months Ended
	Dec. 31, 2020
Schedules of Advances From Customers And Deferred Revenues [Abstract]
Schedules of Advances From Customers And Deferred Revenues	Advances from customers and deferred revenues consist of the following: December 31, 2020 2019 Current liabilities: Deferred revenues $ 996 $ 291 Advances from customers 665 172 1,661 463 Long-term liabilities: Deferred revenues 3,473 3,473 $ 5,134 $ 3,936

Accrued Expenses And Other Cu_2

Accrued Expenses And Other Current Liabilities (Tables)	12 Months Ended
	Dec. 31, 2020
Accrued Liabilities and Other Liabilities [Abstract]
Summary of Accrued Liabilities And Other Payable	Accrued expenses and other current liabilities consisted of the following: December 31, 2020 2019 Current maturities of loan $ 275 $ 246 Warranty provision 27 61 Accrued expenses 2,536 3,367 Other 16 — $ 2,854 $ 3,674

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Summary of Minimum Future Lease Payments	The minimum future lease payments under the operating leases agreement subsequent to December 31, 2020, are as follows: Total Year ended December 31, Unaudited 2021 $ 1,031 2022 994 2023 985 2024 992 2025 and thereafter 3,890 $ 7,892

Convertible Preferred Shares (T

Convertible Preferred Shares (Tables)	12 Months Ended
	Dec. 31, 2020
Temporary Equity Disclosure [Abstract]
Summary of Convertible Preferred Shares	a. Convertible Shares at December 31, 2020 and 2019, are comprised of the following: December 31, Authorized Issued and outstanding Carrying Liquidation 2020 2019 2020 2019 2020 Number of shares Preferred A Shares of no- 20,418,209 20,418,209 20,418,209 20,418,209 $ 9,000 $ 11,682 Preferred B Shares of no- 15,906,053 15,906,053 15,906,053 15,906,053 $ 66,348 $ 89,659 Preferred B-1 no- 3,032,940 3,032,940 3,032,940 3,032,940 $ 12,500 $ 13,693 Preferred C Shares of no- 28,973,439 28,973,439 28,216,005 28,216,005 $ 161,233 $ 186,954 Preferred C-1 no- 15,191,550 — 2,699,114 — $ 23,734 $ 26,218 (1) Preferred shares A, B, B-1, C-1 Conversion rights - B-1, C-1 C-1 Dividend - a) First, the holders of the Preferred C and C-1 b) Second, the holders of the Preferred B and B-1 c) Third, the holders of the Preferred A Shares shall be entitled to receive, in preference to each inferior class, an amount calculated in the same manner as described above with respect to the Preferred C Shares. d) Following the full payment of the entire preferred preference to the holders of Preferred Shares, the holders of the Ordinary Shares will be entitled to receive the remaining distribution proceeds (if any), pro rata based on the number of Ordinary Shares held by each such holder. No dividends have been declared to date as of December 31, 2020. Liquidation preference - Redemption - C-1 6-year B-1 b. On February 24, 2019, the Company closed its initial Series C Preferred Share financing round. Pursuant to the Series C Preferred Share purchase agreement, the Company issued 17,186,944 series Preferred C Shares at a price of $5.9842 per share, for total consideration of $ 102,850, net of issuance costs in the amount of $4,730. Following the initial closing of its Series C financing round, the Company entered into multiple deferred closings until June 1, 2019, pursuant to which the Company issued 11,029,055 Preferred C Shares at a price of $5.9842 per share, for a total consideration of $66,000, net of issuance costs in the amount of $2,887. c. On October 1, 2020, the Company signed an agreement (the “Agreement”) with new and existing investors, according to which the Company issued 943,148 series C-1 The transaction documents also confer upon certain of Preferred C-1 1. In the event that: (i) definitive agreement in connection with transaction between the Company and a SPAC, shall not be signed prior to December 31, 2020, or (ii) the closing of the transactions contemplated under such aforementioned definitive agreements shall not have taken place prior to April 30, 2021, the Company will issue additional Preferred C-1 C-1 C-1 2. In the event the closing of the transactions contemplated under such aforementioned definitive agreements shall have taken place prior to April 30, 2021, with pre-money valuation of the Company lower than $1,300,000 thousands, the Company will issue additional Preferred C-1 Share for no additional consideration, such that after the issuance of the additional Preferred C-1 Shares, the aggregate number of Preferred C-1 Shares held by the investor shall be equal to the aggregate investment made by the investor divided 70% of the Original PPS. On December 10 , 2020, the Company issued to Magna 1,755,966 Preferred C-1 d. Classification: Since a deemed liquidation event is not solely within the control of the Company, the Preferred Shares were classified outside of permanent equity as temporary equity pursuant to ASC 480-10-S99. As of December 31, 2020, and 2019, the Company did not adjust the carrying values of the Preferred Shares to the deemed liquidation values of such shares since a liquidation event was not probable.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2020
Stockholders' Equity Note [Abstract]
Summary of Composition of Share Capital	a. Composition of share capital: December 31, 2020 2019 Authorized Issued and Authorized Issued and Number of Shares Number of Shares Ordinary Shares of no-par 179,872,754 16,948,226 107,265,966 15,855,287

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Summary of Share-Based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions	The fair value of the Company’s share options granted to employees for the years ended December 31, 2020, 2019 and 2018, was estimated using the following weighted average assumptions: Year ended December 31, 2020 2019 2018 Expected term, in years 6.25 6.25 6.25 Expected volatility 65% 65% - 70% 70% - 75% Risk-Free interest rate 0.46% - 1.74% 1.77% - 2.65% 2.68% - 3.13% Expected dividend yield 0% 0% 0%
Summary of Share-Based Compensation Arrangements by Share-based Payment Award	Number of Weighted- Weighted- Aggregate (in thousands) Outstanding at January 1, 2020 7,834,282 $ 0.48 8.26 $ 18,153 Granted 2,581,589 $ 1.14 Exercised (1,092,938 ) $ 0.26 $ 6,734 Forfeited (833,425 ) $ 0.68 Expired (18,750 ) $ 0.79 Outstanding at December 31, 2020 8,470,758 $ 0.68 7.92 $ 48,594 Exercisable at December 31, 2020 4,161,444 $ 0.44 7.07 $ 24,873
Summary of Share-Based Payment Arrangement, Expensed and Capitalized, Amount	The share-based compensation expense recognized in the Company’s consolidated statements of operations are as follow: Year ended December 31, 2020 2019 2018 Research and development $ 2,649 $ 1,695 $ 1002 Sales and marketing 338 374 285 General and administrative 209 102 90 $ 3,196 $ 2,171 $ 1,377

Taxes on Income (Tables)

Taxes on Income (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Summary of Components of the Company's Deferred Tax Assets	Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The principal components of the Company’s deferred tax assets are as follows: December 31, 2020 2019 Deferred tax assets: Net operating loss carryforward $ 37,636 $ 20,453 Research and development costs carryforward 15,997 13,835 Accrued Expenses 446 198 Share-based compensation 23 23 Other 27 11 Gross deferred tax assets 54,129 34,520 Valuation allowance (54,117 ) (34,520 ) Deferred tax liabilities: Property and equipment (12 ) (11 ) Net deferred tax $ — $ —
Summary of Loss Before Taxes on Income	e. Loss before taxes on income is comprised as follows: Year ended December 31, 2020 2019 2018 Domestic $ (81,462 ) $ (67,316 ) $ (56,376 ) Foreign 134 15 76 Loss before taxes on income $ (81,328 ) $ (67,301 ) $ (56,300 )
Summary of Income Taxes	f. Income taxes are comprised as follows: Year ended 2020 2019 2018 Current $ 183 $ 10 $ 32 Domestic 128 — 15 Foreign 55 10 17 $ 183 $ 10 $ 32
Summary of Reconciliation of Effective Income Tax Rate	g. The reconciliation of the tax benefit at the Israeli statutory tax rate to the Company’s income taxes is as follows: Year ended December 31, 2020 2019 2018 Israel tax provision at statutory rate 23.00 % 23.00 % 23.00 % Non-deductible (0.61 %) (0.63 %) (0.60 %) Effect of other permanent differences (3.92 %) (0.06 %) (0.08 %) Change in valuation allowance (18.95 %) (22.32 %) (21.94 %) Other adjustments 0.25 % — 0.44 % Effective tax rate (0.23 %) (0.01 %) (0.06 %)

Basic and Diluted Net Loss Pe_2

Basic and Diluted Net Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Summary of Computation of the Net Loss Per Share	The following table sets forth the computation of the net loss per share for the period presented: Year ended December 31, 2020 2019 2018 Numerator: Net loss $ (81,511 ) $ (67,301 ) $ (56,400 ) Preferred share accrued cumulative dividend rights (17,473 ) (13,664 ) (5,795 ) Total loss attributable to ordinary shares $ (98,984 ) $ (80,965 ) $ (62,195 ) Denominator: 16,514,910 15,524,845 15,039,814

Geographic and Customer Infor_2

Geographic and Customer Information (Tables)	12 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Summary of Reportable Segments	a. Geographic information: Following is a summary of revenues by geographic areas. Revenues attributed to geographic areas, based on the location where the customers accept delivery of the products and services: Year ended December 31, 2020 2019 2018 Europe, Middle East and Africa (*) $ 3,803 $ 1,105 $ 51 Asia Pacific 1,078 182 11 North America (**) (14,245 ) 288 — $ (9,364 ) $ 1,575 $ 62 (*) Includes revenue from Germany in the amount of $3,635, $983 and $51 in the years ended December 31, 2020, 2019 and 2018, respectively. (**) Include reduction of revenue from United States in the amount of $14,800 during the year ended December 31, 2020.
Summary of Long-Lived Assets Based on Location	b. The Company’s long-lived assets (property and equipment, net) are located as follows: Year ended 2020 2019 Israel $ 13,053 $ 11,216 United States 74 114 Germany 34 5 Belarus 84 4 $ 13,245 $ 11,339 c. Customers accounted for over 10% of revenue: As of December 31, 2020, the Company had three customers that accounted for 51%, 22% and 10% of revenues (exclude of reduction of revenues of issuance of Preferred C-1 As of December 31, 2019, the company had one customer that accounted for 64% of revenues. As of December 31, 2018, the company had two customers that accounted for 18% and 82%, respectively, of revenues .

Related Party Balances And Tr_2

Related Party Balances And Transactions (Tables)	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Schedule of Related Party Balances	a. Balances with the related parties: December 31, 2020 2019 Trade Receivable $ 1,146 $ 1,043 Long term deferred revenues $ 3,500 $ 3,500
Schedule of Related Party Transactions	b. Transactions with the related parties: Year ended December 31, 2020 2019 2018 Revenues (net revenues) $ (12,014 ) $ 1,002 $ 51

Significant Accounting Polici_4

Significant Accounting Policies - Summary of Estimated Useful Lives of Related Assets (Detail)	12 Months Ended
	Dec. 31, 2020
Computers and software [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment depreciation rate	33.00%
Office furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment depreciation rate	15.00%
Office furniture and equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment depreciation rate	15.00%
Office furniture and equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment depreciation rate	7.00%
Electronic equipment [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment depreciation rate	15.00%
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment description of depreciation rate	Over the shorter of the related lease period or the useful life of the assets

Significant Accounting Polici_5

Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 10, 2020	Oct. 01, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Line Items]
Impairment of long lived assets held for use			$ 496	$ 0
Proceeds from redeemable convertible preferred stock			8,934	161,233	$ 0
Reduction in revenue			14,800
Performance obligations transaction price			11,000
Severance pay expense			2,000	1,700	$ 1,100
Deferred offering costs non current			374	0
Contract with customers liability recognized			283
Deferred Revenue			$ 3,500	$ 3,500
Section Four Hundred And One K Plan [Member]
Accounting Policies [Line Items]
Employer matching contribution percentage			4.00%	4.00%	4.00%
Employer matching contribution to retirement plan amount			$ 14	$ 31	$ 9
Memorandum Of Understanding With Magna International [Member]
Accounting Policies [Line Items]
Advances from customers and deferred revenues			$ 736
Israel [Member]
Accounting Policies [Line Items]
Severance pay percentage of monthly salary contribution to the fund			8.33%
In Case Registered As Public Company [Member] | Performance Based Milestone [Member] | Performance Based Agreement With Magna [Member]
Accounting Policies [Line Items]
Class of warrants or rights or rights excercisable into shares issuable in the future	7,023,865
Series C One Redeemable Convertible Preferred Shares [Member]
Accounting Policies [Line Items]
Temporary equity shares issued during the period new issues		943,148	2,699,114
Proceeds from redeemable convertible preferred stock		$ 8,934
Series C One Redeemable Convertible Preferred Shares [Member] | Memorandum Of Understanding With Magna International [Member]
Accounting Policies [Line Items]
Temporary equity shares issued during the period new issues	1,755,966
Proceeds from redeemable convertible preferred stock	$ 0
Series C One Redeemable Convertible Preferred Shares [Member] | In Case Not Registered As A Public Company [Member] | Performance Based Milestone [Member] | Performance Based Agreement With Magna [Member]
Accounting Policies [Line Items]
Class of warrants or rights or rights excercisable into shares issuable in the future	4,939,922

Significant Accounting Polici_6

Significant Accounting Policies - Summary of Contract Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Contract Liabilities, Current
Deferred Revenue, Current	$ 996	$ 291
Customer Advance Payment	665	172
Total	1,661	463
Contract Liabilities, Long-Term
Deferred Revenue, Long-Term	3,473	3,473
Total Contract Liabilities	$ 5,134	$ 3,936

Significant Accounting Polici_7

Significant Accounting Policies - Summary of Changes in Warranty Provision (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Balance at beginning of the year	$ 61
Warranty Provision	198	$ 118
Warranty Claims Settled	(232)	(57)
Balance at end of the year	$ 27	$ 61

Significant Accounting Polici_8

Significant Accounting Policies - Summary of Changes in Warranty Provision (Parenthetical) (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Product Warranty Liability [Line Items]
Standard product warranty provision	$ 27	$ 61
Maximum [Member]
Product Warranty Liability [Line Items]
Standard product warranty provision		$ 1

Inventories - Summary of Invent

Inventories - Summary of Inventories (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Inventory, Net [Abstract]
Raw materials	$ 1,657	$ 919
Finished goods including machinery	507	422
Total	$ 2,164	$ 1,341

Inventories - Additional Inform

Inventories - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)
Inventory, Net [Abstract]
Inventory write-offs	$ 2,088

Prepaid Expenses And Other Cu_3

Prepaid Expenses And Other Current Assets - Summary of Prepayment And Other Current Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Prepaid Expense and Other Assets, Current [Abstract]
Government authorities	$ 1,618	$ 946
Prepaid expenses	461	426
Short-term deposits	118	337
Other	1,090	209
Total	$ 3,287	$ 1,918

Property And Equipment, Net - S

Property And Equipment, Net - Schedule of Property And Equipment, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Cost:
Property, Plant and Equipment, Gross	$ 17,762	$ 13,829
Accumulated depreciation	4,517	2,490
Total	13,245	11,339
Computers and software [Member]
Cost:
Property, Plant and Equipment, Gross	3,680	2,527
Office furniture and equipment [Member]
Cost:
Property, Plant and Equipment, Gross	557	511
Electronic equipment [Member]
Cost:
Property, Plant and Equipment, Gross	8,931	6,467
Leasehold improvements [Member]
Cost:
Property, Plant and Equipment, Gross	$ 4,594	$ 4,324

Property And Equipment, Net - A

Property And Equipment, Net - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Depreciation expenses	$ 2,661	$ 1,674	$ 660

Advances From Customers And D_3

Advances From Customers And Deferred Revenues - Schedules of Advances From Customers And Deferred Revenues (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Current liabilities:
Deferred revenues	$ 996	$ 291
Advances from customers	665	172
Total	1,661	463
Long-term liabilities:
Deferred revenues	3,473	3,473
Total	$ 5,134	$ 3,936

Accrued Expenses And Other Cu_3

Accrued Expenses And Other Current Liabilities - Summary of Accrued Liabilities And Other Payable (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Accrued Liabilities and Other Liabilities [Abstract]
Current maturities of loan	$ 275	$ 246
Warranty provision	27	61
Accrued expenses	2,536	3,367
Other	16
Total	$ 2,854	$ 3,674

Commitments and Contingencies -

Commitments and Contingencies - Summary of Minimum Future Lease Payments (Detail) $ in Thousands	Dec. 31, 2020USD ($)
Commitments and Contingencies Disclosure [Abstract]
2021	$ 1,031
2022	994
2023	985
2024	992
2025 and thereafter	3,890
Total	$ 7,892

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Detail) ₪ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2020ILS (₪)
Total rent expenses	$ 956	$ 777	$ 580
Debt frequency of payments	120 fixed monthly installments
Financial expenses relating to loan	$ 89	$ 94	$ 29
Israel [Member]
Debt instruments face amount	$ 2,700			₪ 9,700
Debt Interest rate	3.58%			3.58%
Debt payments installments amount	$ 98,500

Convertible Preferred Shares -

Convertible Preferred Shares - Summary of Convertible Preferred Shares (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Temporary Equity [Line Items]
Carrying Value	$ 272,815	$ 249,081
Series A Convertible Preferred Shares [Member]
Temporary Equity [Line Items]
Number of shares Authorized	20,418,209	20,418,209
Number of shares Issued and outstanding	20,418,209	20,418,209
Carrying Value	$ 9,000
Liquidation preference	$ 11,682
Series B Convertible Preferred Shares [Member]
Temporary Equity [Line Items]
Number of shares Authorized	15,906,053	15,906,053
Number of shares Issued and outstanding	15,906,053	15,906,053
Carrying Value	$ 66,348	$ 66,348
Liquidation preference	$ 89,659
Series B-1 Convertible Preferred Shares [Member]
Temporary Equity [Line Items]
Number of shares Authorized	3,032,940	3,032,940
Number of shares Issued and outstanding	3,032,940	3,032,940
Carrying Value	$ 12,500	$ 12,500
Liquidation preference	$ 13,693
Series C Convertible Preferred Shares [Member]
Temporary Equity [Line Items]
Number of shares Authorized	28,973,439	28,973,439
Number of shares Issued and outstanding	28,216,005	28,216,005
Carrying Value	$ 161,233	$ 161,233
Liquidation preference	$ 186,954
Series C-1 Convertible Preferred Shares [Member]
Temporary Equity [Line Items]
Number of shares Authorized	15,191,550	0
Number of shares Issued and outstanding	2,699,114	0
Carrying Value	$ 23,734	$ 0
Liquidation preference	$ 26,218

Convertible Preferred Shares _2

Convertible Preferred Shares - Additional Information (Detail) - USD ($)	Dec. 10, 2020	Oct. 01, 2020	Feb. 24, 2019	Feb. 01, 2019	Jul. 01, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Mar. 01, 2019	Jan. 01, 2019
Temporary Equity [Line Items]
Proceeds from Issuance of convertible preferred shares, net of issuance expenses						$ 8,934,000	$ 161,233,000	$ 0
Series A Convertible Preferred Shares [Member]
Temporary Equity [Line Items]
Temporary equity original issue price										$ 0.4408
Temporary equity rate of interest on dividend declared but unpaid							6.00%
Series B Convertible Preferred Shares [Member]
Temporary Equity [Line Items]
Temporary equity original issue price										4.6366
Temporary equity rate of interest on dividend declared but unpaid							6.00%
Series B-1 Convertible Preferred Shares [Member]
Temporary Equity [Line Items]
Temporary equity original issue price										3.7093
Temporary equity rate of interest on dividend declared but unpaid							6.00%
Series C Convertible Preferred Shares [Member]
Temporary Equity [Line Items]
Temporary equity original issue price										$ 5.9842
Temporary equity redemption period				6 years
Temporary equity shares issued durng the period new issues							28,216,005
Temporary equity issuance costs			$ 4,730,000
Series C Convertible Preferred Shares [Member] | Inital Series C Redeemable Preferred Shares Financing Round [Member]
Temporary Equity [Line Items]
Proceeds from Issuance of convertible preferred shares, net of issuance expenses			$ 102,850,000
Temporary equity shares issued durng the period new issues			17,186,944
Temporary equity issuance costs			$ 5,984.2
Series C Convertible Preferred Shares [Member] | Muliple Deferred Closings [Member]
Temporary Equity [Line Items]
Temporary equity original issue price									$ 5.9842
Proceeds from Issuance of convertible preferred shares, net of issuance expenses					$ 66,000,000
Temporary equity shares issued durng the period new issues					11,029,055
Temporary equity issuance costs					$ 2,887,000
Series C Convertible Preferred Shares [Member] | Minimum [Member]
Temporary Equity [Line Items]
Sale of stock minimum issue price as a percentage of issue price of redeemable convertible preferred stock										200.00%
Proceeds from Issuance of convertible preferred shares, net of issuance expenses							$ 100,000,000
Series C-1 Convertible Preferred Shares [Member]
Temporary Equity [Line Items]
Temporary equity original issue price		$ 9.573								$ 9.573
Proceeds from Issuance of convertible preferred shares, net of issuance expenses		$ 8,934,000
Temporary equity rate of interest on dividend declared but unpaid							6.00%
Temporary equity redemption period				6 years
Temporary equity shares issued durng the period new issues		943,148				2,699,114
Temporary equity issuance costs		$ 95,000
Temporary equity price per share of issue predetermined						$ 6.583
Premoney evaluation						$ 1,300,000,000
Temporary equity predetermined issue price as a percentage of original issue price						70.00%
Series C-1 Convertible Preferred Shares [Member] | Magna [Member]
Temporary Equity [Line Items]
Proceeds from Issuance of convertible preferred shares, net of issuance expenses	$ 0
Temporary equity shares issued durng the period new issues	1,755,966

Shareholders' Equity - Summary

Shareholders' Equity - Summary of Composition of Share Capital (Detail) - shares	Dec. 31, 2020	Dec. 31, 2019
Stockholders' Equity Note [Abstract]
Number of Shares Authorized	179,872,754	107,265,966
Number of Shares Issued and outstanding	16,948,226	15,855,287

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) $ / shares in Units, $ in Thousands	Feb. 17, 2021	Jan. 18, 2016USD ($)$ / shares	Dec. 31, 2020$ / shares	Dec. 31, 2019$ / shares
Stock issued during period, value, issued for services | $		$ 17,559,663
Common stock, no par value | $ / shares		$ 0	$ 0	$ 0
Reverse stock split ratio	1.138974

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Share-Based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions (Detail)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Payment Arrangement [Abstract]
Expected term, in years	6 years 3 months	6 years 3 months	6 years 3 months
Expected volatility	65.00%
Risk-Free interest rate,minimum	0.46%	1.77%	2.68%
Risk-Free interest rate,maximum	1.74%	2.65%	3.13%
Expected dividend yield	0.00%	0.00%	0.00%
Expected volatility,minimum		65.00%	70.00%
Expected volatility,maximum		70.00%	75.00%

Share-Based Compensation - Su_2

Share-Based Compensation - Summary of Share-Based Payment Arrangement, Expensed and Capitalized, Amount (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expense	$ 3,196	$ 2,171	$ 1,377
Research and Development [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expense	2,649	1,695	1,002
Selling and Marketing [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expense	338	374	285
General and Administrative [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expense	$ 209	$ 102	$ 90

Share-Based Compensation - Su_3

Share-Based Compensation - Summary of Share-Based Compensation Arrangements by Share-based Payment Award (Detail) - USD ($) $ / shares in Units, $ in Thousands	Jan. 01, 2020	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Number of options Outstanding	7,834,282	7,834,282
Number of options Granted		2,581,589
Number of options Exercised		(1,092,938)
Number of options Forfeited		(833,425)
Number of options Expired		(18,750)
Number of options Outstanding at End		8,470,758
Number of options Exercisable		4,161,444
Weighted- average exercise price,Outstanding	$ 0.48	$ 0.48
Weighted- average exercise price Granted		1.14
Weighted- average exercise price Exercised		0.26
Weighted- average exercise price Forfeited		0.68
Weighted- average exercise price Expired		0.79
Weighted- average exercise price Outstanding at End		0.68
Weighted- average exercise price Exercisable		$ 0.44
Weighted- average remaining contractual term Outstanding	8 years 3 months 3 days	7 years 11 months 1 day
Weighted- average remaining contractual term Outstanding at End	8 years 3 months 3 days	7 years 11 months 1 day
Weighted- average remaining contractual term Exercisable		7 years 25 days
Aggregate intrinsic value, Outstanding	$ 18,153	$ 18,153
Aggregate intrinsic value, Exercised		6,734
Aggregate intrinsic value, Outstanding at End		48,594
Aggregate intrinsic value Exercisable		$ 24,873

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) - Two Thousand And Sixteen Share Plan [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation by share based payment arrangement number of shares authorized for issuance	12,513,999	12,513,999
Common stock shares reserved for future issuance	2,066,574	3,795,989
Share based compensation by share based payment arrangement contractual term	10 years	10 years
Share based compensation by share based payment arrangement service based vesting term	4 years	4 years
Share based compensation by share based payment arrangement options unrecognized compensation	$ 9,220	$ 5,660	$ 5,110
Share based compensation by share based payment arrangement weighted average period of recognition	2 years 11 months 1 day	2 years 9 months 14 days	3 years 18 days
Share based compensation by share based payment arrangement weighted average grant date fair value per share	$ 3.01	$ 1.58

Taxes on Income - Summary of Co

Taxes on Income - Summary of Components of the Company's Deferred Tax Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets:
Net operating loss carryforward	$ 37,636	$ 20,453
Research and development costs carryforward	15,997	13,835
Accrued Expenses	446	198
Share-based compensation	23	23
Other	27	11
Gross deferred tax assets	54,129	34,520
Valuation allowance	(54,117)	(34,520)
Deferred tax liabilities:
Property and equipment	(12)	(11)
Net deferred tax	$ 0	$ 0

Taxes on Income - Summary of Lo

Taxes on Income - Summary of Loss Before Taxes on Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest [Abstract]
Domestic	$ (81,462)	$ (67,316)	$ (56,376)
Foreign	134	15	76
Loss before taxes on income	$ (81,328)	$ (67,301)	$ (56,300)

Taxes on Income - Summary of In

Taxes on Income - Summary of Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Domestic	$ 128		$ 15
Foreign	55	$ 10	17
Total	$ 183	$ 10	$ 32

Taxes on Income - Summary of Re

Taxes on Income - Summary of Reconciliation of Effective Income Tax Rate (Detail)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Israel tax provision at statutory rate	23.00%	23.00%	23.00%	21.00%
Non-deductible share-based compensation	(0.61%)	(0.63%)	(0.60%)
Effect of other permanent differences	(3.92%)	(0.06%)	(0.08%)
Change in valuation allowance	(18.95%)	(22.32%)	(21.94%)
Other adjustments	0.25%	8212.00%	0.44%
Effective tax rate	(0.23%)	(0.01%)	(0.06%)

Taxes on Income - Additional In

Taxes on Income - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	23.00%	23.00%	23.00%	21.00%
Foreign Income Tax Rate Differential			37.50%
Tax Deduction Percent			13.125%
Operating Loss Carryforwards	$ 161,000
Unrecognized Tax Benefits	$ 0	$ 0
Maximum [Member]
Income Tax Disclosure [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			35.00%
Minimum [Member]
Income Tax Disclosure [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21.00%
Tax Year 2016 [Member]
Income Tax Disclosure [Line Items]
Year under Income Tax Examination	2016
Tax Year 2018 [Member]
Income Tax Disclosure [Line Items]
Year under Income Tax Examination	2018
Israel Tax Authority [Member]
Income Tax Disclosure [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			23.00%

Basic and Diluted Net Loss Pe_3

Basic and Diluted Net Loss Per Share - Summary of Computation of the Net Loss Per Share (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Numerator:
Net loss	$ (81,511)	$ (67,301)	$ (56,400)
Preferred share accrued cumulative dividend rights	(17,473)	(13,664)	(5,795)
Total loss attributable to ordinary shares	$ (98,984)	$ (80,965)	$ (62,195)
Denominator:
Weighted average number of ordinary shares used in computing basic and diluted net loss per ordinary share	16,514,910	15,524,845	15,039,814

Basic and Diluted Net Loss Pe_4

Basic and Diluted Net Loss Per Share - Additional Information (Detail) - Options For Purchase Of Ordinary Shares [Member] - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share [Line Items]
Anti dilutive securities excluded in calculation of earnings per share	8,470,758	7,834,282	6,998,647
Series A Convertible Preferred Shares [Member]
Earnings Per Share [Line Items]
Anti dilutive securities excluded in calculation of earnings per share	20,418,209	20,418,209	20,418,209
Series B Convertible Preferred Shares [Member]
Earnings Per Share [Line Items]
Anti dilutive securities excluded in calculation of earnings per share	15,906,053	15,906,053	15,906,053
Series B-1 Convertible Preferred Shares [Member]
Earnings Per Share [Line Items]
Anti dilutive securities excluded in calculation of earnings per share	3,032,940	3,032,940	3,032,940
Series C Convertible Preferred Shares [Member]
Earnings Per Share [Line Items]
Anti dilutive securities excluded in calculation of earnings per share	28,216,005	28,216,005
Series C-1 Convertible Preferred Shares [Member]
Earnings Per Share [Line Items]
Anti dilutive securities excluded in calculation of earnings per share	2,699,114

Geographic and Customer Infor_3

Geographic and Customer Information - Summary of Reportable Segments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ (9,364)	$ 1,575	$ 62
Europe Middle East and Africa [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	3,803	1,105	51
Asia Pacific [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,078	182	11
North America [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ (14,245)	$ 288	$ 0

Geographic and Customer Infor_4

Geographic and Customer Information - Summary of Reportable Segments (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Germany [Member]
Segment Reporting Information [Line Items]
Revenues	$ 3,635	$ 983	$ 51
United States [Member]
Segment Reporting Information [Line Items]
Increase decrease in revenues from contract with customer	$ 14,800

Geographic and Customer Infor_5

Geographic and Customer Information - Summary of long-Lived Assets Based on Location (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Schedule of longlived assets based on location [Line Items]
Property and equipment, net	$ 13,245	$ 11,339
Israel [Member]
Schedule of longlived assets based on location [Line Items]
Property and equipment, net	13,053	11,216
United States [Member]
Schedule of longlived assets based on location [Line Items]
Property and equipment, net	74	114
Germany [Member]
Schedule of longlived assets based on location [Line Items]
Property and equipment, net	34	5
Belarus [Member]
Schedule of longlived assets based on location [Line Items]
Property and equipment, net	$ 84	$ 4

Geographic and Customer Infor_6

Geographic and Customer Information - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Number of customers	three	one	two
Customer One [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage	51.00%	64.00%	18.00%
Customer Two [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage	22.00%		82.00%
Customer Three [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage	10.00%

Related Party Balances And Tr_3

Related Party Balances And Transactions - Schedule of Related Party Balances (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Schedule Of Related Party Balance [Abstract]
Trade Receivable	$ 1,146	$ 1,043
Long term deferred revenues	$ 3,500	$ 3,500

Related Party Balances And Tr_4

Related Party Balances And Transactions - Schedule of Related Party Transactions (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Related Party Transactions [Abstract]
Revenues (net revenues)	$ (12,014)	$ 1,002	$ 51

Related Party Balances And Tr_5

Related Party Balances And Transactions - Additional Information (Detail) - Shareholder [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Revenue from related party	$ (12,014)	$ 1,002	$ 51
Revenue to be recognized in the future non current related party	3,500	3,500	1,300
Trade Accounts Receivable [Member]
Related Party Transaction [Line Items]
Trade receivables from related party current	$ 1,146	$ 1,043	$ 35

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail)	Apr. 05, 2021USD ($)$ / sharesshares	Feb. 17, 2021USD ($)$ / sharesshares	Oct. 01, 2020USD ($)shares	Dec. 31, 2020USD ($)shares	Dec. 31, 2019USD ($)shares	Dec. 31, 2018USD ($)shares	Dec. 31, 2017shares
Subsequent Event [Line Items]
Reverse stock split ratio		1.138974
Proceeds from Issuance of convertible preferred shares, net of issuance expenses | $				$ 8,934,000	$ 161,233,000	$ 0
Series A Convertible Preferred Shares [Member]
Subsequent Event [Line Items]
Temporary equity shares outstanding				20,418,209	20,418,209
Series B Convertible Preferred Shares [Member]
Subsequent Event [Line Items]
Temporary equity shares outstanding				15,906,053	15,906,053	15,906,053	15,906,053
Series B-1 Convertible Preferred Shares [Member]
Subsequent Event [Line Items]
Temporary equity shares outstanding				3,032,940	3,032,940	3,032,940	3,032,940
Series C Convertible Preferred Shares [Member]
Subsequent Event [Line Items]
Temporary equity shares issued durng the period new issues					28,216,005
Temporary equity shares outstanding				28,216,005	28,216,005
Series C-1 Convertible Preferred Shares [Member]
Subsequent Event [Line Items]
Temporary equity shares issued durng the period new issues			943,148	2,699,114
Proceeds from Issuance of convertible preferred shares, net of issuance expenses | $			$ 8,934,000
Temporary equity shares outstanding				2,699,114	0
Subsequent Event [Member]
Subsequent Event [Line Items]
Reverse stock split ratio		1.138974
Share price | $ / shares		$ 10
Conversion of temporary equity into permanent equity shares	70,618,999
Common stock share exchange ratio	1
Class of warrants or rights forfeited during the period shares	187,500
Conversion of temporary equity into permanent equity exchange ratio	1
Redemption of aggregate consummation of business combination	891,046
Subsequent Event [Member] | Perception [Member]
Subsequent Event [Line Items]
Class of warrants or issued during the period shares	3,027,747
Subsequent Event [Member] | Perception [Member] | Upon Achievement Of Earnout Milestone [Member]
Subsequent Event [Line Items]
Common stock shares subscribed but not issued	2,175,000
Subsequent Event [Member] | Antara [Member]
Subsequent Event [Line Items]
Class of warrants or issued during the period shares	3,784,753
Stock shares issued during the period shares	3,002,674
Subsequent Event [Member] | Antara [Member] | Upon Achievement Of Earnout Milestone [Member]
Subsequent Event [Line Items]
Common stock shares subscribed but not issued	312,297
Subsequent Event [Member] | Companies Management [Member]
Subsequent Event [Line Items]
Class of warrants or rights issued but not subscribed	3,500,000
Common stock shares subscribed but not issued	2,500,000
Subsequent Event [Member] | Certain Members Of The Management [Member] | Upon Achievement Of Earnout Milestone [Member]
Subsequent Event [Line Items]
Common stock shares subscribed but not issued	1,250,000
Subsequent Event [Member] | Accredited Investors [Member] | Subscription Agreement [Member]
Subsequent Event [Line Items]
Proceeds from issuance of common stock | $	$ 230,000,000
Sale of stock issue price per share | $ / shares	$ 10
Subsequent Event [Member] | Sponsor [Member]
Subsequent Event [Line Items]
Class of warrants or rights issued upon conversion of convertible notes	100,000
Subsequent Event [Member] | Series A Convertible Preferred Shares [Member]
Subsequent Event [Line Items]
Temporary equity shares outstanding	20,418,209
Subsequent Event [Member] | Series B Convertible Preferred Shares [Member]
Subsequent Event [Line Items]
Temporary equity shares outstanding	15,906,053
Subsequent Event [Member] | Series B-1 Convertible Preferred Shares [Member]
Subsequent Event [Line Items]
Temporary equity shares outstanding	3,032,940
Subsequent Event [Member] | Series C Convertible Preferred Shares [Member]
Subsequent Event [Line Items]
Temporary equity shares outstanding	28,216,005
Subsequent Event [Member] | Series C-1 Convertible Preferred Shares [Member]
Subsequent Event [Line Items]
Temporary equity shares issued durng the period new issues		375,107
Proceeds from Issuance of convertible preferred shares, net of issuance expenses | $		$ 0
Temporary equity shares outstanding	3,045,792
Subsequent Event [Member] | Common Class B [Member]
Subsequent Event [Line Items]
Share forfeited during the period shares	1,875,000