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Luminar Technologies
2.76
-0.11 (-3.83%)
Last Update: 01 Jul 2025 23:08:00
Yesterday: 2.87
Day's Range: 2.74 - 2.93
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Luminar Technologies is a self-driving car technology company that specializes in LiDAR technology. LiDAR stands for Light Detection and Ranging, and it is a technology that uses lasers to create 3D maps of the environment around a vehicle. Luminar's LiDAR system is designed to provide high-resolution, long-range sensing capabilities, which is crucial for autonomous vehicles to navigate safely on the road.
The company was founded in 2012 by Austin Russell, who was just 17 years old at the time. Since then, Luminar has grown into a leading player in the self-driving car industry, with partnerships with major automakers such as Volvo and Toyota.
Luminar's LiDAR technology is unique in that it uses a different type of laser than most other LiDAR systems. This allows it to provide better resolution and longer range than other systems, which is important for self-driving cars to be able to detect objects and obstacles in their path.
Luminar went public in December 2020 through a merger with a special purpose acquisition company (SPAC) called Gores Metropoulos. The merger valued Luminar at around $3.4 billion.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
The company was founded in 2012 by Austin Russell, who was just 17 years old at the time. Since then, Luminar has grown into a leading player in the self-driving car industry, with partnerships with major automakers such as Volvo and Toyota.
Luminar's LiDAR technology is unique in that it uses a different type of laser than most other LiDAR systems. This allows it to provide better resolution and longer range than other systems, which is important for self-driving cars to be able to detect objects and obstacles in their path.
Luminar went public in December 2020 through a merger with a special purpose acquisition company (SPAC) called Gores Metropoulos. The merger valued Luminar at around $3.4 billion.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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