Cepton | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

Cepton is a leading provider of lidar-based solutions, specializing in automotive applications (ADAS/AV), smart cities, smart spaces,...


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Cepton is a leading provider of lidar-based solutions, specializing in automotive applications (ADAS/AV), smart cities, smart spaces, and smart industrial applications. Founded in 2016 and headquartered in San Jose, California, the company utilizes its patented Micro Motion Technology (MMTยฎ) to deliver reliable, scalable, and cost-effective lidar solutions that provide high-resolution 3D perception. Cepton aims to make autonomous driving accessible and safe for everyone, with a growing global customer base and a commitment to innovation in the lidar technology space.

Website
Headquarters
San Jose, California
Size
51-200 employees
Industry
Motor Vehicle Manufacturing
Specialities
lidar, autonomous vehicles, ADAS, industrial robotics, security, 3D perception, smart cities, intelligent transportation systems, auto-grade lidar, smart lidar, sensor, perception, smart spaces, crowd analytics

๐Ÿ›๏ธ Cepton Product and Pricing News โ†’

๐Ÿ‘” Cepton CEO, Management and Leadership Team โ†’

โš”๏ธ Cepton Alternatives and Competitors โ†’

๐Ÿ’ผ Cepton Hiring and Layoffs โ†’

๐Ÿค– Cepton Developer, Integration and Automation News โ†’

๐Ÿ“ˆ Cepton Financials, Fundraising and Valuation News โ†’

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๐Ÿ›๏ธ Cepton Product and Pricing News

  • Cepton is under investigation by Kuehn Law for its proposed merger with KOITO Manufacturing at $3.17 per share.
  • The Schall Law Firm is investigating Cepton for potential breaches of fiduciary duty by its directors and management.
  • Henri Hรคfner from Cepton will discuss their innovative lidar solutions at the DVN 2024 conference in Wiesbaden on November 18-19.
  • Henri Haefner used Cepton's ultra long-range lidar to detect a road hazard in San Jose from over 150 meters away.


๐Ÿ‘” Cepton CEO, Management and Leadership Team


โš”๏ธ Cepton Alternatives and Competitors

  • Blickfeld
  • |
  • Velodyne Lidar
  • |
  • Seoul Robotics
  • |
  • AEye
  • |
  • Innoviz Technologies
  • |
  • Ouster
  • |
  • Luminar Technologies
  • |
  • LeddarTech
  • |
  • Quanergy
  • |
  • Hesai Technology

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๐Ÿ’ผ Cepton Hiring and Layoffs

  • Phil Hobden has left Cepton as a Staff Mechanical Engineer in the United States to join KLA as a Sr. Opto-Mechanical Design Engineer.
  • Brunno Moretti, former senior vice president of Product & Commercial Operations at Cepton, has joined Ascential Technologies as president of ADAS Solutions.


๐Ÿค– Cepton Developer, Integration and Automation News


๐Ÿ“ˆ Cepton Financials, Fundraising and Valuation News

  • Cepton is progressing with its acquisition by Koito and advancing its lidar technology commercialization, including a final phase RFQ with a top global automotive OEM and a milestone in near-range lidar for industrial vehicles.
  • Cepton announced on November 7, 2024, that it is in the final stages of an RFQ with a Top 10 global automotive OEM for its long-range lidar and has signed a merger agreement with Koito to be acquired for $3.17 per share, expected to close in Q1 2025.
  • Cepton reported Q3 2024 revenue of $0.5 million, a significant decrease from $3.8 million last year, and is progressing with a merger with Koito, expected to close in Q1 2025.
  • Cepton reported Q3 2024 revenue of $0.5 million, missing analyst estimates and showing a significant decline from the previous year, while also being in the final stages of an RFQ with a top 10 global automotive OEM.


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