Red Leader says its lidar software beats the image quality of hardware vendors like Velodyne and Luminar.
electrical engineering degrees at Stanford University.As a wave of recent laser sensor SPACs sputter on the stock market, new startup Red Leader is making a play on the industry with a different approach: focus on software, not hardware.
The company is building software for lidar, which stands for “light detection and ranging” and is most well-known for allowing self-driving cars to see the world. In the past two years, lidar hardware makers including Velodyne, Luminar, Aeva and Ouster have gone public via special purpose acquisition company deals in bids to boost funds. Across the board, these companies’ stocks have since fallen, often owing to underwhelming sales performance.
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