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Luminar Technologies
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Develops lidar systems for autonomous vehicles
Luminar Technologies
Work Here?
Develops lidar systems for autonomous vehicles
About Luminar Technologies
Industries
Robotics & Automation
Automotive & Transportation
Company Size
501-1,000
Company Stage
IPO
Total Funding
$1B
Headquarters
Orlando , Florida
Founded
2012
Overview
Luminar Technologies develops lidar systems and software essential for autonomous vehicles. Their lidar technology uses laser light to create detailed 3D maps of the environment, allowing self-driving cars to navigate safely. Luminar serves over 50 clients, including 8 of the top 10 global automakers like Volvo and Nissan, which sets them apart in the automotive industry. The company focuses on long-term contracts and high-performance standards, making their products a preferred choice for automakers. Luminar's goal is to enhance the safety and reliability of autonomous transportation, facilitating the widespread adoption of self-driving technology.
Simplify's Take
What believers are saying
- Increased demand for lidar in autonomous vehicles boosts Luminar's growth potential.
- Integration in smart city projects diversifies Luminar's market opportunities.
- Operational efficiency and debt restructuring streamline Luminar's focus on core technology.
What critics are saying
- Competition from companies like Swiss-Mile could impact Luminar's market share.
- Limited sensor purchases by Tesla may indicate reduced reliance on Luminar.
- Executive changes could lead to transitional challenges and affect strategic continuity.
What makes Luminar Technologies unique
- Luminar's lidar technology offers superior detection range compared to competitors.
- The Sentinel software suite provides a comprehensive toolkit for next-gen vehicle functionality.
- Partnerships with 8 of the top 10 global automakers enhance Luminar's market position.
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Funding
Total Funding
$1018M
Above
Industry Average
Funded Over
5 Rounds
Benefits
Health Insurance
Dental Insurance
401(k) Retirement Plan
Life Insurance
Disability Insurance
Unlimited Paid Time Off
Parental Leave
Company Equity
Tuition Reimbursement
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 3%2 year growth
↑ 4%Stifel Financial Corp acquires 76,470 shares of Luminar Technologies, Inc. (NASDAQ:LAZR).
Today, Luminar (NASDAQ: LAZR), a leading global automotive technology company, announced certain key executive updates that include Alex Fishkin joining as Chief Legal Officer, Michael Southard as Vice President of Engineering, and Marc Losiewicz appointed as Chief Business Officer and General Manager.
Luminar Technologies has appointed Dominick Schiano to its Board of Directors, leveraging his expertise in strategic business transformation.
As such, Luminar has been developing a new stack-Sentinel-to help provide automakers with the toolkit necessary for safely realising next-gen vehicle functionality.
Listen to this articleSwiss-Mile raised $22M in August 2024 for its wheeled quadruped. Fifty producers of robots and robotics enabling technologies received funding in August 2024, pulling in a total of approximately $1 billion. This figure is on par with the $1.2 billion average The Robot Report has tracked each of the previous 12 months. Investment targeted to robotics companies for the first eight months of 2024 equals about $10.86 billion. You can follow The Robot Report‘s investment section here. The largest investments in August were secured by developers of autonomous driving technologies
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About Luminar Technologies
Industries
Robotics & Automation
Automotive & Transportation
Company Size
501-1,000
Company Stage
IPO
Total Funding
$1B
Headquarters
Orlando , Florida
Founded
2012
Luminar Technologies is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today