Apollo LiDAR Sensor Launch
AEye launched its new product, Apollo, a compact software-defined LiDAR sensor, demonstrating high-resolution long-range detection capabilities at 1 kilometer. It has gained positive feedback, especially for its unique ability to deliver high resolution detection from behind a windshield, which is beneficial for automotive ADAS use cases.
Extended Financial Runway and Capital Raise
AEye successfully raised capital to extend its cash runway to mid-2026. The company raised approximately $18 million since the start of Q4 2024, securing additional $12.7 million in 2025.
NVIDIA Partnership
AEye's partnership with NVIDIA has helped the company meet NVIDIA’s Hyperion autonomous driving platform specifications, providing exposure to new OEMs and supporting the path to commercialization in the automotive sector.
Low Cash Burn Rate
AEye reported a low cash burn rate, with the company reducing its net cash burn for the seventh consecutive quarter, reporting $4.8 million in Q4 2024.