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.
Luminar makes lidar sensors, which bounce lasers off objects to help self-driving cars sense their surroundings, at much cheaper rates than many of its competitors. Russell attended Stanford to study physics but dropped out at 18 after winning a Thiel Fellowship to build Luminar.Luminar, a self-driving-car startup founded by CEO Austin Russell at the age of 17 while he was in high school, said Monday it would go public in a $3.4 billion merger with a special purpose acquisition company.
Time to get a beach house...with a chiropractor roommate...and pretend Charlie Sheen never lost his mind.
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:
Education Education Latest News, Education Education Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
25-year-old sells high-school startup Luminar in a $3.4 billion deal - 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.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Tesla's new $5 billion capital raise could drive the old school auto industry crazy - 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. 🇧🇷🏆
Source: BusinessInsider - 🏆 729. / 51 Read more »
16-year-old arrested for hacking Miami Dade school systemPolice arrest Miami high school student for allegedly carrying out a string of crippling cyberattacks targeting Miami-Dade County Public Schools' online learning system as students headed back to school. Wow NO NANCY IN NOVEMBER!! She’s starving the American people for her own agenda! WHY IS NO ONE TALKING ABOUT THIS? 😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡Put me on, I’ll speak for Americans children. Not Nancy. People need to see what’s really going on! Epic.
Source: ABC - 🏆 471. / 51 Read more »