09 Oct

Cruise acquires Strobe to help dramatically reduce LiDAR costs

 Cruise, the self-driving car startup GM acquired last year, has acquired a startup of its own – Strobe, a LiDAR sensor maker that reduces an entire LiDAR array down to just one chip, which Cruise says will be instrumental in helping it reduce the cost of LiDAR on a per vehicle basis by nearly 100 percent. The cost issue is a big one: LiDAR remains one of the single most expensive… Read More
Source: TechCrunch – Funding and Exits

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