Innoviz Technologies (INVZ) said Tuesday it has developed new autonomous driving sensor technologies running on Nvidia's (NVDA) DRIVE AGX Orin platform.

The company said its collaboration with Nvidia allows for real-time processing and understanding of a vehicle's environment for object detection, classification and tracking.

Innoviz Chief Executive Omer Keilaf said the innovations will "ensure safer and more reliable systems" for driver assistance and self-driving capabilities.

Innoviz shares were more than 26% higher in recent premarket trading.