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Posts Tagged ‘GM buys Strobe’

GM Buys Lidar Firm to Accelerate Autonomous Car Development

Acquisition will improve speed, reduce costs.

by on Oct.09, 2017

Cruise Automation introduced its third-gen automated vehicle. The new vehicles will be part of its San Francisco-based test fleet.

General Motors is putting its money where its mouth is when it comes to being a leader in autonomous vehicle technology, announcing today it was acquiring Lidar technology company Strobe Inc.

Strobe, based in Pasadena, California, will be taken under the wing of GM’s Cruise Automation team to develop next-generation Lidar for the company’s self-driving vehicles. The parties did not reveal the financials of the agreement.

We're Cruising!

The company’s developed a new microchip Lidar system would significantly enhance the capabilities of the self-driving cars GM was developing, Vogt said during conference call with reporters.  (more…)