Luminar, which makes sensors for autonomous vehicles, said Monday it was selling itself in a deal valued at $3.4 billion via a SPAC merger with Gores Metropoulos. Volvo and the tech mogul Peter Thiel are also chipping in.
The founder and CEO of Luminar is Austin Russell, a 25-year-old who founded the startup in 2012 while in high school. "Eight years ago, we took on a problem to which most thought there would be no technically or commercially viable solution," Russell said in, referring to building a less-expensive but safer system for self-driving cars known as lidar. "We worked relentlessly to build the tech from the ground up to solve it and partnered directly with the leading global automakers to show the world what's possible.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the $415,000-a-month Hamptons cottage where Rihanna vacationed this summer - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Is inside the house made with gold? Snore.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How a 22-year-old raised $3 million, used TikTok to launch a startup - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Impressive! 👏🏽👏🏽 doing good things. Two serious betas. How cute.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Luminar Listing On Nasdaq Via SPAC Merger To Fund Its Laser Lidar VisionLuminar, a fast-growing maker of laser lidar sensors that help self-driving cars see the world, intends to list shares on Nasdaq by merging with a SPAC that raises cash and boosts the startup’s market cap to an estimated $3.4 billion 💯 No point in having all these sensors if the bloke behind the wheel looks like someone you wouldn't trust to get you safely out of a supermarket carpark. Can I suggest you rephotograph this and have him tied up in the boot?
Source: Forbes - 🏆 394. / 53 Read more »
Harvard Business School's virtual recruiting plans during the pandemic - Business InsiderEXCLUSIVE: Inside Harvard Business School's plans for helping students land coveted jobs and internships during the pandemic, including an army of virtual career coaches and a more flexible recruiting timetable
Source: BusinessInsider - 🏆 729. / 51 Read more »
7 hottest lawtech startups to watch in 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 👆🏼jonathanmaskew
Source: BusinessInsider - 🏆 729. / 51 Read more »
Pitch deck: Ethical living startup CoGo plans for $26 million Series A - Business InsiderEthical living startup CoGo plans to raise more than $26 million from an ongoing Series A round. Here's an exclusive look at the pitch deck it used to raise $5.2 million from previous investments. Are you looking Logo or Graphic designer 👉Contact me: or 👉WhatsApp: +8801764060651
Source: BusinessInsider - 🏆 729. / 51 Read more »