Ford Motor Co’s (F.N) Argo AI unit, which develops software for self-driving vehicles, is buying Princeton Lightwave in a move that will certainly strengthen the team’s intellectual property, particularly when it comes to Geiger-mode lidar. It will be very interesting to see how this technology will be leveraged in the autonomous vehicle market.
Announcing the Princeton Lightwave acquisition in a blog post on Friday morning, Argo Chief Executive Officer Bryan Salesky said his company “won’t be able to build” self-driving cars without lidar.
The deal comes more than a year after Ford’s $75 million investment in Velodyne, a better-known lidar startup whose sensor technology is still considered too expensive.
Founded in 2000, New Jersey-based Princeton Lightwave is one of more than 20 global manufacturers of lidar.