Published on: 2025-06-27 16:30:43
Lidar company Luminar reached a deal with Yorkville Advisors Global and another unnamed investor that could bring another $200 million into its coffers through the sale of convertible preferred stock over an 18-month period. The agreement, which was announced in a regulatory filing Wednesday, follows an abrupt change in leadership and layoffs. Earlier this month, Luminar’s board replaced founder Austin Russell as CEO and board chair. Luminar’s board appointed Paul Ricci to the role. Ricci is th
Keywords: additional company layoffs luminar million
Find related items on AmazonPublished on: 2025-06-28 19:38:32
is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Luminar, a company that develops lidar systems for autonomous vehicles, started laying off workers just one day after its founder and CEO, Austin Russell, abruptly resigned. In a regulatory filing spotted by TechCrunch, the company said it began carrying out restructuring efforts on May 15th, which include a “reduction in its workforce.” Last year,
Keywords: began company employees luminar percent
Find related items on AmazonPublished on: 2025-06-30 04:56:26
Luminar, the lidar company founded by recently replaced CEO Austin Russell, is going through another restructuring, according to a recent regulatory filing. This new round of layoffs, which the company did not provide figures for, follows extensive cuts to the workforce in 2024. Luminar cut about 30% of its workforce in 2024, a reduction that was expected to cost $4 million to $6 million in additional cash charges. Some of those layoffs spilled into the first quarter of 2025. A total of 212 emp
Keywords: board company layoffs luminar million
Find related items on AmazonPublished on: 2025-07-01 20:00:14
TL;DR Luminar Photo Editor is now available on the Google Play Store for Android devices and Chromebooks. The app brings popular AI-powered features like Relight AI, Enhance AI, Sky AI, and more. Pricing includes monthly ($4.99), yearly ($29.99), and lifetime ($59.99) plans, with limited free trial availability on the yearly plan. Luminar Neo is a well-known desktop photo editing app for Windows and Mac, and it is also available on iPhones and iPads through the Luminar Mobile app. These photo
Keywords: 99 ai editor luminar photo
Find related items on AmazonPublished on: 2025-07-09 04:14:07
Austin Russell, who became a billionaire after his lidar startup Luminar went public, appears to be out as CEO, according to the company’s board. Luminar’s board announced Wednesday — the same day of its first-quarter earnings report — it had replaced Russell and appointed Paul Ricci to the role. Ricci is the former chairman and CEO of Nuance. The press release states that Russell resigned as president and CEO and as the chairperson of the board, effective immediately. The board said in the pr
Keywords: board company luminar release russell
Find related items on AmazonPublished on: 2025-09-25 12:00:00
is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Caterpillar is adding lidar to its heavy-duty construction equipment after striking a deal with Luminar, which makes the laser sensor for a number of automakers and self-driving car operators. Caterpillar says it will integrate Luminar’s hardware into its Cat Command autonomy platform, which it uses to power self-driving f
Keywords: caterpillar construction driving equipment luminar
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