![]() Not everyone is sold on the idea-Elon Musk has called it “ freaking stupid.” A number of companies, including Volvo, who has partnered with Luminar, have already incorporated the technology into their vehicles. The sensors, when applied to self-driving vehicles, can enable them to “see” while navigating. Lidar, which stands for “ light detection and ranging,” is a type of remote sensing method that uses lasers to generate information about three-dimensional space. ![]() The startup was founded in 2012 and operated in “ deep stealth mode” until 2017, when it emerged from obscurity to announce its invention of new lidar technology. You may have never heard of Luminar before, and for good reason. What is going on at Luminar Technologies? The land for the property, purchased in 2013 for $7.3 million, sits right next door to the residence of Tom Hanks and has an unobstructed view of the Los Angeles Westside.īright as the prospects may be from Russell’s glass-enveloped home, the outlook for Luminar remains somewhat clouded. But the real “personal” touch, perhaps, is the retinal scanner used to enter the master bedroom. ![]() Russell purchased the home in July 2021 after selling off 10 million Luminar shares, a sale that an SEC filing cites as “personal in nature.” Russell closed the purchase of the $83 million palatial residence the day after the $220 million stock sale went through, according to a report from Dirt.ĭeveloped by Los Angeles “ Starchitect” Ardie Tavangarian, the mansion features a plush home theater, spa complex, two panic rooms, and even a retractable roof for stargazing.
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