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- đź“ť Luminar raises potential $200M
đź“ť Luminar raises potential $200M
Liam Gill
May 23, 2025
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Lidar company Luminar, once a high-flying autonomous tech darling, is reeling from leadership upheaval and three rounds of layoffs, but has secured a potential $200M in lifeline funding from Yorkville Advisors and another investor via convertible preferred stock. The deal starts with $35M and could scale every 60 days, though Luminar isn’t obligated to draw the full amount. This follows the recent ouster of founder Austin Russell as CEO, replaced by ex-Nuance chief Paul Ricci, and Luminar’s market cap plunging from a 2021 SPAC peak of $3.4B to just $179M today.
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