Luminar Technologies, Inc., a company focused on LiDAR and photonics technologies, has reached an agreement to sell certain LiDAR-related assets to Quantum Computing, Inc. The transaction is part of Luminar’s strategic business decisions and is supported by legal counsel from Weil Gotshal & Manges.
The sale includes specific LiDAR technologies and intellectual property, although details regarding the financial terms and closing timeline have not been disclosed.
**Why this matters**
This transaction reflects ongoing shifts in the LiDAR industry as companies adjust their portfolios to focus on core competencies. The acquisition by Quantum Computing, Inc. may enable further development and integration of LiDAR technologies within its broader technology offerings.