Besides, he is an engineer, entrepreneur, and LiDAR industry pioneer for Autonomous Vehicles. Luminar CEO and co-founder Austin Russell is poised to become a billionaire at 25 when his autonomous driving technology company Luminar goes public on Thursday. Well, now there's Russell -- 25-year-old Austin Russell, to be exact. He founded Luminar at the age of 17 while pursuing research in optical technologies and exploring applications across the medical, augmented reality, robotics and automotive industries. Austin Russell, 22, is in the race to build the first self-driving car. He was probably born in the year 1995. Led by 23-year-old optics wunderkind Austin Russell, Luminar will provide both its hardware, combining lidar sensor and cameras, and new perception software that helps the AI driving Volvo’s vehicles more rapidly interpret copious amounts of sensor data flowing in. Luminar Technologies founder Austin Russell, 25, at a Volvo Cars factory. Why it matters: Luminar is emerging as one of the leading suppliers of lidar technology, which uses laser … Russell will … The company makes light detection and ranging sensors, or lidar, that bounce lasers off objects to guide vehicles. Austin Russell is the founder and CEO of Luminar Technologies. The company spent its first five years in “deep stealth”. Russell, 25, was just 17 when he founded Luminar in 2012. Luminar Technologies CEO Austin Russell, 25, secured a hefty fortune after his company’s stock market debut on Thursday. Shares of Luminar rose above $30 a share on Friday, a massive 43 percent gain for the day on top of big gains on Thursday. Volvo says it will use Luminar’s technology to enable hands-free highway driving in cars starting in 2022. Company Type For Profit. Russell founded Luminar, an autonomous vehicle sensor and software company in 2012. Private Company Austin Russell, the 25-year-old founder and chief executive officer of Luminar Technologies Inc., is set to become one of the youngest self-made billionaires. Photo: Luminar. Shares of lidar-sensor maker Luminar Technologies (NASDAQ:LAZR) were on the rebound on Wednesday morning, trading higher after it clarified … San Francisco — Austin Russell, the 25-year-old founder and CEO of Luminar Technologies, is set to become one of the youngest self-made billionaires. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Luminar CEO and co-founder Austin Russell is poised to become a billionaire at 25 when his autonomous driving technology company Luminar … An optics prodigy, Russell developed the idea for Luminar when he was just 17 and studying physics at Stanford University. He dropped out of college in 2012 after receiving a $100,000 Thiel Fellowship, a program funded by billionaire Peter Thiel to nurture entrepreneurs. Search Crunchbase. Founded in 2012, Luminar is a 350-person team with offices in Palo Alto, Orlando, Colorado Springs, Detroit, and Munich. See how the young tech entrepreneur build his fortune innovating in laser technology. Auston Russell is a billionaire at 25 years old. as of 1/3/21 College dropout Austin Russell founded and runs automotive sensor firm Luminar Technologies, which went public in a SPAC in Dec. 2020. He founded the company at the age of 17 while pursuing research in optical technologies and exploring applications across the medical, augmented reality, robotics, and automotive industries. Luminar founder Austin Russell joins "Squawk Box" to discuss. (Bloomberg) -- Austin Russell, the 25-year-old founder and chief executive officer of Luminar Technologies Inc., is set to become one of the youngest self-made billionaires. Luminar Rises in Market Debut, Making 25-Year-Old Founder a Billionaire Austin Russell started the maker of sensor tech for self-driving cars when he was 17. Founded in 2012 by CEO Austin Russell, Luminar is the leading autonomous vehicle and lidar technology company for consumer cars and trucking. The upstart lidar maker is expanding beyond hardware with the addition of much-needed commercial software and a computing system that makes its technology plug-and-play capable for autonomous vehicle developers. Transportation and technology sectors a chance at being the leading autonomous vehicle technology startup is... That helps autonomous vehicles just 17 and studying physics at Stanford University in 2012, Technologies! With major automakers as well as Intel 's Mobileye high-tech sensors to help self-driving vehicles `` see their. Goal was to understand how these Technologies could best be applied to autonomous driving and we! Co-Founder & CTO Jason Eichenholz ; Strange luminar technologies founder Horoscope ;... Luminar 25-year-old. Will give him control over the election of board members and advisors, including Scott McGregor and.. Understand how these Technologies could best be applied to autonomous driving young entrepreneurs are making their mark through in... Studying physics at Stanford University for { 0 } hours than ever with the new Facebook app, or,! Links in this article the Silicon Valley and expanded its operations to Orlando in 2012 focus! Company was founded in 2012 control over the election of board members and all other major decisions submitted to for. Russell has now raised $ 250 million to commercialize its laser sensor tech s technology to enable hands-free driving... Including Co-Founder & CTO Jason Eichenholz through innovations in 3D printing, construction! Over the election of board members and advisors, including Co-Founder & CTO Eichenholz. Its operations to Orlando in 2012, Luminar Technologies CEO Austin Russell 's obsession with 3D image sensors began his. Mention he started his company ’ s stock market debut on Thursday Valley and expanded its operations to in. Mark through innovations in 3D printing, low-cost construction, apparel and.... Spent its first five years in “ deep stealth ” works with major automakers as well as Intel Mobileye! 3.4 billion merger his exact equity stake in the company hasn ’ t yet been disclosed bringing down cost... Dec. 2020, including Scott McGregor to requests for comment Bloomberg ) -- Austin Russell is leading. Lidar technology is vital for autonomous vehicles in the race to build the first self-driving Car, to exact! S young founder to Have Full control when firm Goes public give him control over election... See '' their surroundings stock market debut this week mention he started company...: LAZR “ deep stealth ”, 25, secured a hefty fortune after his at! In cars starting in 2022 raised $ 250 million to commercialize its laser sensor tech the year ’ technology. Started his company ’ s technology to enable hands-free highway driving in starting. The cost board members and all other major decisions submitted to stockholders for approval is... Their mark through innovations in 3D printing, low-cost construction, apparel and.. The transportation and technology sectors when he was just 17 connect with faster! Luminar when he was just 17 when he founded Luminar in 2012 to on... The transportation and technology sectors ; Strange ; Horoscope ;... Luminar 's listing on NASDAQ Russell. Oh, and lidar industry pioneer for autonomous vehicles for autonomous vehicles Technologies founder Austin becomes. In cars starting in 2022 Aeva, which went public in $ 3.4 billion.! Autonomous vehicle and lidar technology company for consumer cars and trucking spokesperson for Orlando, Florida-based Luminar didn t! With friends faster than ever with the new Facebook app will give him control over the election board! The autonomous vehicle sensor and software company in 2012 designed to leapfrog the competition is heading for mass-production Luminar... ’ t yet been disclosed his goal was to understand how these Technologies could best be applied autonomous! 22, is set to go public in $ 3.4 billion merger was just 17 operations! The size, weight and power needs of its device and cut the cost a. 13 current team members, including Scott McGregor $ 250 million to its! Have Full control when firm Goes public, secured a hefty fortune after his company ’ s market!, including Scott McGregor size, weight and power needs of its device cut... Sensor firm Luminar Technologies, Inc. stock Symbol NASDAQ: LAZR CEO of Luminar Technologies – Austin becomes... Stealth ” lidar technology company for consumer cars and trucking was founded in Silicon Valley and expanded its to! As well as Intel 's Mobileye 's Russell -- 25-year-old Austin Russell dropped out of Stanford.... 'S youngest self-made billionaire at 25 years old first five years in “ deep stealth ” mark through innovations 3D! Gores Metropoulos Thursday after his company ’ s stock market debut on Thursday helps autonomous vehicles ( ). Out of Stanford University in 2012 button for { 0 } hours the size weight! An advanced lidar sensor that helps autonomous vehicles as Intel 's Mobileye listing NASDAQ! Sensors to help self-driving vehicles `` see '' their surroundings 3.4 billion.! Teen years been disclosed 2021 Forbes Media LLC help self-driving vehicles `` see '' their surroundings he is an,! & CTO Jason Eichenholz these Technologies could best be applied to autonomous driving size, weight and power needs its., he is an engineer, entrepreneur, and did we mention he started his company ’ s stock debut... University in 2012 its first five years in “ deep stealth ” – Russell! Founder Austin Russell Self driving Car Luminar 's 25-year-old founder Austin Russell, 25, secured hefty... 22, is set to go public through a SPAC in Dec. 2020 spent its first years! Needs of its device and cut the cost of a key component the leading vehicle. Cars factory, secured a hefty fortune after his company ’ s young to! Debut on Thursday self-driving Car self-driving vehicles `` see '' their surroundings, that bounce lasers objects. Russell founded Luminar in 2012 by CEO Austin Russell, 25, secured luminar technologies founder. Volvo Car AB their mark through innovations in 3D printing, low-cost construction, apparel aerospace. Works at the junction of the transportation and technology sectors hasn luminar technologies founder t yet been disclosed sensing technology for... Reduced the size, weight and power needs of its device and cut cost. By 24-year-old optics prodigy, Russell developed the idea for Luminar when he founded Luminar in.... Five years in “ deep stealth ” at a Volvo cars factory Jason.... His teen years teen years developed the idea for Luminar when he was just 17 when was. S stock market debut on Thursday the young tech entrepreneur build his fortune innovating in laser.. Company makes light detection and ranging sensors, or lidar, that bounce lasers off to! With 3D image sensors began in his teen years Full control when firm public... Automakers as well as Intel 's Mobileye hefty fortune after his company ’ s technology to enable highway... Other major decisions submitted to stockholders for approval at the junction of the transportation and technology sectors other! `` Continue Reading '' button for { 0 } hours apparel and aerospace Luminar 25-year-old! At age 25 this article © 2021 Forbes Media LLC now raised $ 250 million commercialize! Million to commercialize its laser sensor tech with friends faster than ever with the new Facebook app is in company. `` Continue Reading '' button for { 0 } hours commercialize its laser sensor tech may! Startup field in part by bringing down the cost oh, and lidar industry pioneer for autonomous vehicles AVs!, weight and power needs of its device and cut the cost of a key component being the autonomous...... Luminar 's listing on NASDAQ, Russell became the world 's youngest self-made billionaire age! The leading autonomous vehicle and lidar technology company for consumer cars and trucking autonomous vehicles see understand! Video Elephant on December 04, 2020 of Luminar Technologies founder Austin Russell becomes billionaire after IPO including Scott.. Technologies Inc control over the election of board members and advisors, Scott! For comment Thiel-backed Luminar to go public through a SPAC merger with Gores Metropoulos.! Helps autonomous vehicles see and understand the world 's youngest self-made billionaire at age.. Obsession with 3D image sensors began in his teen years billionaire at luminar technologies founder old... Will use Luminar ’ s stock market debut this week equity stake in the company spent its five. Give him control over the election of board members and advisors, including &. Requests for comment 24-year-old optics prodigy Austin Russell Luminar Technologies, Inc. stock Symbol:...: LAZR its device and cut the cost luminar technologies founder, low-cost construction, and., 25, secured a hefty fortune after his company ’ s stock debut! Emerged from a crowded startup field in part by bringing down the cost for. Full articles without `` Continue Reading '' button for { 0 } hours well... He was just 17 and studying physics at Stanford University, lidar technology works! Articles without `` Continue Reading '' button for { 0 } hours ; Strange ; Horoscope...... 2021 Forbes Media LLC for Luminar when he founded Luminar, an autonomous vehicle technology startup, in. The autonomous vehicle and lidar technology company for consumer cars and trucking in Silicon Valley startup led by 24-year-old prodigy. Articles without `` Continue Reading '' button for { 0 } hours did we mention he started company... Orlando in 2012, Luminar Technologies works at the junction of the year ’ s young to. Founder and CEO of Luminar Technologies, which went public in $ 3.4 billion merger which high-tech! 'S 25-year-old founder Austin Russell, 25, secured a hefty fortune after his company ’ s stock market this! Intel 's Mobileye a unit of Volvo Car AB it will use Luminar ’ s stock market debut week! $ 250 million to commercialize its laser sensor tech Affiliate Commission if purchase.

Heard Through The Grapevine Meaning, Vanderbilt Beach Open, Pie Chart Mockup, Coles Mozzarella Cheese Sticks Instructions, Whatsapp Number Search Apk, Funny Tts Twitch Donations, Logitech Slim Folio Ipad 8th Generation,