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RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

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Luminar

🌎 luminartech.com

Luminar is a global automotive technology company that focuses on enhancing vehicle safety and autonomy through advanced hardware and software solutions. With over a decade of experience, Luminar partners with more than 50 industry leaders, including major automotive OEMs like Volvo Cars and Mercedes-Benz, to develop next-generation safety and autonomous capabilities for production vehicles.

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Luminar - Latest News and Updates

• Luminar completed the acquisition of EM4, LLC to enhance its Autonomy Solutions segment and announced a restructuring plan with a 30% workforce reduction in 2024.
• Luminar's Q3 2024 balance sheet shows a decrease in cash and marketable securities to $114.2M and $84.4M respectively, while inventory increased to $17.6M.
• Luminar has been named an honoree in Fast Company's Next Big Things in Tech 2024 as the only LiDAR company recognized.
• Kathryn Wong has left Luminar as a Senior Technical Recruiter to join RADAR in the same position in the San Francisco Bay Area.

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