Lidar startup luminar raises $100 million in latest funding round, is working with 12 of the world’s largest automotive companies
Lidar startup Luminar Technologies announced a new $100 million investment and unveiled its new lidar platform called “Iris” for the automotive and commercial truck markets. Iris is a automotive grade low cost lidar solution designed specifically for high-volume production. The latest funding brings the company’s total raised to date to more than $250 million, making Luminar one of the most well-funded lidar startups. Major financial investors include G2VP, two of the most prominent sovereign wealth funds, Moore Strategic Ventures LLC, The Westly Group, 1517 Fund / Peter Thiel and Canvas Ventures, along with strategic investors Corning Incorporated, Cornes and the Volvo Cars Tech Fund.