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Luminar ai sale6/10/2023 ![]() Seagate is the leading global provider of data storage solutions, with relevant experience in engineering, costing-down, and manufacturing tens of millions of hard drives annually. In January, Luminar acquired Seagate’s lidar program in order to accelerate its future lidar development efforts, beyond Iris+. The indoor, controlled facility was built for the highest automotive test and validation requirements of automotive OEMs for series production and engineered for Luminar’s leading lidar resolution-at-range capability. Today, Iris+ is being demonstrated live at Luminar’s new long-range test and validation facility, which Luminar believes is the largest ranging and validation facility on the planet at over 300 meters long. To support the vast global scale of upcoming vehicle launches with Iris+, Luminar plans to bring online an additional manufacturing facility in Asia with a local partner. Iris+ has already begun shipping to its lead customer, and is currently being industrialized to support series production vehicle launches beginning 2025 and beyond. The new product demonstrates Luminar’s engineering velocity is accelerating. It also features an even slimmer profile for seamless integration into the roofline of production vehicle models. ![]() Iris+ furthers the mission for enhanced vehicle safety and autonomous capabilities by enabling even greater performance and collision avoidance of small objects at up to autobahn-level speeds. Luminar is revealing a new Iris+ sensor, which adds to its current product portfolio for new and existing customers. To view the livestream now in progress, go to: Unveiling New Iris+ Sensor 300 Meter Ranging Facility Advancing Next Gen Lidar Roadmap Tune in to hear from the CEOs at Volvo Cars, Daimler Truck, Polestar, Swiss Re, Pony.ai, Scale.ai, and eCARX, as well as executives from Mercedes-Benz and NVIDIA on the partnership and vision. View the full release here: īelow is a summary of Luminar Day announcements. Luminar is also unveiling its product roadmap, several new exclusive commercial agreements, the acquisition of Seagate’s lidar-related assets, Luminar Semiconductor subsidiary, and a new insurance initiative in partnership with Swiss Re to reduce insurance cost for vehicles equipped with Luminar. ORLANDO, Fla., February 28, 2023-( BUSINESS WIRE)-Today Luminar (NASDAQ: LAZR), a leading global automotive technology company, is hosting Luminar Day at its headquarters and via live webcast at The company is announcing a flurry of news, which includes the reveal of its new Iris+ sensor and associated software, which Mercedes-Benz is integrating into its next generation vehicle lineup. Luminar now planned into over 20 production vehicle models across automakers expecting at least triple-digit revenue growth every year for the next five yearsĪnnouncing Luminar AI Engine and exclusive partnership with Scale.aiĪnnouncing new commercial deals with Swiss Re and Pony.aiĮstablished Luminar Semiconductor from combination of semi subsidiaries New automated, high-volume Mexico manufacturing facility ahead of guidance Unveiling new Iris+ sensor 300 meter ranging facility Seagate lidar acquisition to accelerate next-gen ![]() Industry CEOs and Company Execs Discuss Luminar’s Vision, Execution, and The Automotive Revolution for Next-Generation Safety and Autonomy
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