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Cepton

🌎 cepton.com

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 (MMT®) 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.

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Cepton - Latest News and Updates

• 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 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.
• 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.
• Henri Haefner used Cepton's ultra long-range lidar to detect a road hazard in San Jose from over 150 meters away.

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