General Motors (GM) - Get General Motors Company Report said on Tuesday that it had acquired Strobe, Inc., a start-up developing LIDAR technology, and that its engineers will join those at GM's Cruise Automation unit to produce next-generation LIDAR solutions for autonomous vehicles.
LIDAR (light detection and ranging) is a technology used in self-driving cars helping them control and navigate by using lasers to measure the distance to a target.
"Strobe's LIDAR technology will significantly improve the cost and capabilities of our vehicles so that we can more quickly accomplish our mission to deploy driverless vehicles at scale," said Kyle Vogt, Founder and CEO, Cruise Automation.
LIDAR's accuracy will play a crucial role in the development and deployment of self-driving technology, the automaker noted.
"The successful deployment of self-driving vehicles will be highly dependent on the availability of LIDAR sensors," said Julie Schoenfeld, Founder and CEO, Strobe, Inc. "Strobe's deep engineering talent and technology backed by numerous patents will play a significant role in helping GM and Cruise bring these vehicles to market sooner than many think."
Shares of General Motors were rising in mid-morning trading on Monday.
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