By 2019 market activity in most LiDAR companies had subsided. Now, investors are putting their money into just a few companies. Innoviz, Ouster, and Luminar are among those who have pocketed tens to hundreds of millions in financing rounds.
Moving forward, it is natural that only those LiDAR companies that can garner buyer support will survive. And what will become of the others? “We are not talking about accelerating mergers and acquisitions, but companies dying in this field,” an industry insider tells Synced. “It’s not that the big guys are necessarily better, it’s just that the others are all gone.”