Luminar raises $100M in venture capital to advance self-driving cars

Luminar Technologies Inc. on Wednesday said it has received $100 million in new funding and unveiled a new lidar sensor it claims can be produced to be sold for less than $500.

The Palo Alto, California-based company, which has a large Orlando presence, said its new Iris sensors will be ready to launch commercially on production vehicles beginning in 2022. Read more here.