AEye to go public through merger with CF Finance Acquisition Corp
AEye is going public through a merger with CF Finance Acquisition Corp. III that will value the company at $2 billion. As part of the deal, AEye will raise $225 million in private investment in public equity from investors that include GM Ventures, Subaru-SBI, Intel Capital, Hella Ventures and Taiwania Capital. CF Finance Acquisition Corp. III will also contribute $230 million to the company in trust.
Vodafone tests centimeter-level vehicle tracking
New tech can track vehicles, drones and cargo remotely within centimeters, key to safe adoption of autonomous vehicles, flying objects and machinery.