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Once a star of the self-driving hype cycle, lidar maker Luminar has filed for bankruptcy amid legal turmoil, layoffs, and a cooling autonomous-vehicle market. It plans to sell off its assets before shutting down entirely. The Verge reports: As part of its bankruptcy, Luminar is seeking permission to sell both its lidar and semiconductor businesses, the latter of which it has already agreed to sell to Quantum Computing for $110 million. The company plans to continue to…
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Once a star of the self-driving hype cycle, lidar maker Luminar has filed for bankruptcy amid legal turmoil, layoffs, and a cooling autonomous-vehicle market. It plans to sell off its assets before shutting down entirely. The Verge reports: As part of its bankruptcy, Luminar is seeking permission to sell both its lidar and semiconductor businesses, the latter of which it has already agreed to sell to Quantum Computing for $110 million. The company plans to continue to…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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