Self-driving sensor maker AEye Inc on Wednesday said it had struck deals with German automotive supplier Continental AG and autonomous trucking firm TuSimple related to its technology.
AEye makes what is called lidar, which helps self-driving vehicles gain a three-dimensional view of the road using laser light. The company plans to become publicly traded this year as part of a merger with CF Finance Acquisition Corp III, a blank check firm backed by financial services firm Cantor Fitzgerald. In May, the two said AEye’s valuation fell from $2 billion to $1.52 billion.
