Luminar is entering the consumer automotive and commercial trucking markets with a sensing and perception platform called Iris. After three years of stealth development, the company also revealed its perception software built on its LiDAR sensing platform.
Now backed by new major institutional and strategic investors with a recent addition of $100 million, along with previously unannounced capital, brings the company’s total raised to date to more than $250 million. This capital accelerates Luminar’s foray into the consumer and commercial series production vehicle markets.
Iris is slated to launch commercially on production vehicles beginning in 2022, and according to the company, it is the first sensing platform to exceed the essential performance, safety, cost and auto-grade requirements needed to deliver Level 3 and 4 autonomy to consumers.
For the first time, Luminar is delivering a comprehensive hardware-software architecture for perception of the driving environment, combining its software products in sensor fusion, auto-calibration, tracking, object detection, classification and simulation.
Source: Press Release