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Luminar: Led by the vision of Founder Austin Russell and our Investor Gores Metropoulos, Luminar is developing the only commercially proven, end-to-end, sensor-less autonomous platform for moving vehicles. Luminar technology is a next-generation, disruptive innovation that brings to market a new class of technology for the autonomous and semi-autonomous vehicle market. Luminar is a pioneer in automotive lidar technology, and a leader in infrastructure-based self-driving.

Luminar has raised $380 million in venture capital funding, $100 million in debt and $180 million in equity since it was founded in 2016. The startup has raised more than $500 million to date, with all of its funding having been provided by venture capital and venture debt firms.

Luminar is privately held and has technology development centers in Silicon Valley, L.A., M.I.T. and Arizona, where the company is headquartered, and other locations in China and California. Luminar has raised $370 million in venture funding.

Luminar is on a 5-year journey to bring advanced automotive safety-critical technology to the vehicle, and with Volvos investment, Luminar will continue to bring this technology to vehicles in the coming years. Approximately 90K Volvos have been equipped with Luminars technology to date, and we have the most advanced technology in the world for self-driving vehicles. The company plans to deploy thousands of self-driving trucks on public roads around the world this year.

Luminar’s team of 150 has more than 70 years of experience in transportation and robotics, and includes a mix of experts in artificial intelligence, sensor fusion, computer vision, motion planning, perception and localization from the likes of Tesla, Cloudflare, SpaceX, Qualcomm, Northrop Grumman and others.

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Luminar shares our vision of a safe autonomous future powered by Luminars groundbreaking technology and product portfolio. The company is excited to work with Gores to build a brighter future of transportation and is honored to be a part of the Gores family.

“Luminar is focused on technology and working on a long-term strategic growth plan to develop and deploy new autonomous technologies and business models, which will be built around the fully self-driving vehicle vision. Luminar and Gores Metropoulos will seek to drive the industry forward in self-driving, while the two companies will enter into a long-term strategic relationship focused on developing and commercializing these technologies,” said Austin Russell, CEO and Founder of Luminar. “Gores Metropoulos is excited to lead the company going forward, and we are happy to have such a long-term partner in the company that shares our vision of a safe autonomous future.”

“Luminar is thrilled to be partnering with Gores Metropoulos to accelerate the adoption of fully autonomous vehicles, while providing more drivers with the freedom and independence of their own mobility,” said Spencer & Kimsey SVP of Automotive Technology and Engineering.

As a result of the merger, both Gores Metropoulos and Luminar will become listed companies on the NASDAQ Capital Market, and will operate as 50% owned subsidiaries of the new company. Neither Luminar nor Gores Metropoulos will have any employees other than those necessary to run their current businesses.

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Who Uses Luminar Neo and Why Is It Important?

Who Uses Luminar Neo and Why Is It Important?

Austin Russell, founder and CEO of Luminar, is an inventor and technology executive who has engineered, built, and launched over 50 companies. Russel is also an automotive industry analyst and technology advocate. Russel holds over 100 patents and was named one of Autotrader’s 2011 Top 250 Dealer Power Players. Russel’s expertise in managing and growing cutting-edge technology companies spans over 20 years.

Luminar is also the global leader in automotive lidar innovation, having shipped over 1 million sensors to automotive OEMs worldwide. Luminars first commercially available lidar was the industrys first 2D laser scanning lidar and its next generation hardware is the worlds only mobile, long-range, 3D lidar. The company has shipped more than 1 million sensors, has achieved over 2 billion laseres, and has recognized with more than 20 patents. Luminars technology delivers the highest level of performance and accuracy while helping to lower automotive sensor system costs. Luminars products are leading the industrys advancement of automotive lidar, forming the basis for technologies such as autonomous driving and advanced driver assistance systems. Luminars reach in the global automotive industry is complemented by its partnerships with leading software providers including Daimler, Continental, Bosch, BMW, PSA, Mercedes, and others.

Stuttgart, Germany/ Palo Alto, CA, U.S. Today, Luminar Technologies, Inc., the global leader in automotive lidar hardware and software technology, and the worlds largest commercial vehicle manufacturer, Daimler Truck AG, announced a strategic partnership to enable highly automated trucking, starting on highways. Experts at Daimler Trucks, its U.S. subsidiary, Daimler Trucks North America (DTNA) and Torc Robotics, part of Daimler Trucks Autonomous Technology Group, with the experts at Luminar will work closely together in order to enhance lidar sensing, perception, and system-level performance for Daimler trucks moving at highway speeds. To strengthen the partnership, Daimler Trucks has acquired a minority stake in Luminar. 

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Luminar Neo Features

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