AEye, Inc. (“AEye”), the global leader in active, high-performance LiDAR solutions, and CF Finance Acquisition Corp. III (Nasdaq: CFAC) (“CF III”), a special purpose acquisition company sponsored by Cantor Fitzgerald, today announced they have entered into a definitive merger agreement. The combined company will be called AEye Holdings, Inc. and is expected to be publicly listed on Nasdaq following the close of the transaction.

AEye’s proprietary active sensing, intelligent LiDAR delivers industry-leading performance that addresses the most difficult challenges facing autonomous driving. While traditional sensing systems passively collect data, AEye’s active LiDAR leverages principles from automated targeting systems and biomimicry to scan everything while intelligently focusing on what matters in order to enable safer, smarter, and faster decisions in complex scenarios. As a result, AEye’s active LiDAR uniquely enables higher levels of autonomous functionality (SAE L2-L5) at the optimal performance, power, and price. The proposed transaction will expand AEye’s technology leadership and accelerate the adoption of its active, high-performance LiDAR across key markets.

Continental Expands LiDAR Technology Portfolio by Investing in Robotic Vision and Sensing Pioneer AEye

  • Continental has signed an agreement for a minority investment in California-based LiDAR pioneer AEye
  • Both companies are jointly developing a high-performance long-range LiDAR sensor based on AEye’s patented 1550nm agile architecture that utilizes a novel advanced micro MEMS technology
  • Aim is to industrialize and commercialize this technology for Automated Driving on SAE levels 3 or higher with a dual focus on passenger and commercial vehicle use cases

AEye, a world leader in artificial perception systems and the developer of iDAR™, today announced a major breakthrough in long-range threat detection and safety.