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Russell Luminar

8/25/2021
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  • Apr 10, 2021 Austin Russell became a billionaire at the age of 25 after his self-driving car company Luminar LAZR, +2.43% went public in 2020. Now 26, Russell joins a short list of people who have amassed a.
  • Austin Russell is the 25-year-old founder and CEO of Luminar, a startup in Silicon Valley that makes LIDAR sensors for self-driving cars. LIDAR technology had been used for short-distance mapping.

Mar 02, 2021 Austin Russell is the 25-year-old founder and CEO of Luminar, a startup in Silicon Valley that makes LIDAR sensors for self-driving cars. LIDAR technology had been used for short-distance mapping. Oct 19, 2020 Well, now there's Russell - 25-year-old Austin Russell, to be exact. This enterprising young man dropped out of Stanford in 2013 to found Luminar, a tech start-up developing light detection.

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Austin Russell Luminar Spac

Austin K. Russell
BornSan Juan Capistrano, California, U.S.
🏳️ NationalityAmerican
💼 Occupation
Entrepreneur
Founder & CEO, Luminar Technologies

Austin K. Russell (born March 14, 1995) is an American entrepreneur who is the founder of Luminar Technologies, a startup focused on lidar for autonomous driving.[1][2] He holds multiple patents in lidar technologies.[3] Upon Luminar's December 2020 initial public offering, he became the world's youngest self-made billionaire.

Career[edit]

In 2012, Russell founded Luminar at age 16 while an independent researcher at the University of California, Irvine’s Beckman Laser Institute where he was studying in lieu of high school. In 2013, he enrolled in Stanford University's Applied Physics as an undergraduate student and dropped out shortly afterwards to pursue building his company.[citation needed]

Luminar developed a mounted box with a photodectector capable of receiving lidar at a wavelength of 1550 nanometers, which enables a range of 200 meters compared to existing competitors with a 30 to 40 meter range using wavelengths of 905 nanometers.[4][5] Since emerging from stealth in 2017, Luminar has signed partnerships with Daimler Trucks, Toyota, Audi, Volvo, and other manufacturers building autonomous vehicles.[6][7][8][9]

On December 3, 2020, Luminar went public on the NASDAQ with a market capitalization of $8.1 billion via a special purpose acquisition company.[10] Alec Gores joined the company's board as a board member as a result of the merger.[11] Russell's approximately one-third stake of 104.7 million shares made him, on paper, the world's youngest self-made billionaire with a net worth of $2.4 billion at the close of Luminar's first day of trading.[citation needed]

Awards[edit]

Russell was named a Thiel Fellow in 2013 and he credits dropping out as being the foundation of his success.[12] In 2017 he was named to the MIT Technology Review 35 Innovators Under 35.[13]

Russell

Austin Russell Luminar Wikipedia

References[edit]

Austin russell luminar bio
  1. 'Full Page Reload'. IEEE Spectrum: Technology, Engineering, and Science News.
  2. Captain, Sean (2017-04-13). 'This 22-Year-Old CEO Wants To Help Make Self-Driving Cars Affordable'. Fast Company. Retrieved 2020-12-07.
  3. 'Austin K. Russell Inventions, Patents and Patent Applications - Justia Patents Search'. patents.justia.com.
  4. Ross, Philip (2017-05-19). '22-Year-Old Lidar Whiz Claims Breakthrough'. IEEE Spectrum.
  5. Hecht, Jeff (2017-07-05). 'Under the Hood of Luminar's Long-Reach Lidar'. IEEE Spectrum.
  6. 'Daimler Trucks, Torc and Luminar. Partnership to enable highly automated trucking'. Daimler Trucks. 2020-10-30.
  7. Davies, Alex (2017-09-27). 'Toyota and a Boy Wonder Team Up on Self-Driving Cars'. WIRED Magazine.
  8. Wiggers, Kyle (2018-12-18). 'Luminar collaborates with Audi's Autonomous Intelligent Driving on driverless vehicles'. VentureBeat.
  9. Korosec, Kirsten (2020-05-06). 'Volvo to use Luminar's lidar in production vehicles to unlock automated driving on highways'. TechCrunch.
  10. Schubarth, Cromwell (2020-12-03). 'Palo Alto lidar unicorn Luminar's value soars past $8B in Wall Street debut (Video)'.
  11. Coppola, Gabrielle; Baker, Liana; Tse, Crystal (2020-08-24). 'Peter Thiel-Backed Startup Luminar to Go Public in $3.4 Billion Merger'.
  12. The Thiel Foundation (2013-05-09). 'Peter Thiel Announces 2013 Class of '20 Under 20' Thiel Fellows'.
  13. '2017'. MIT Technology Review. Retrieved 2020-12-07.


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Retrieved from 'https://en.everybodywiki.com/index.php?title=Austin_K._Russell&oldid=1174515'

Austin Russell is an American businessman and entrepreneur who is the CEO of the vehicle commercialization company Luminar Technologies. He is the world’s youngest billionaire at the moment.

The 25-year-old is a college dropout who founded the company in 2012. After he went public with the company in December, Luminar Technologies became one of the investors’ major attractions. The company currently worths around $7.8 billion.

Quick Facts: Austin Russell Luminar Net Worth: Meet The Youngest Billioniare

NameAustin Russell
Age25 years
GenderMale
NationalityAmerican
ProfessionBusinessman
EducationStanford University

Moreover, Luminar Technologies is an American company that focuses on commercializing technology and software for vehicles. It is best known for its laser technologies for self-propelled cars. Agm leisure battery.

Austin Russell, who owns the 104.7 million shares of his company, has a net worth of over $2.4 billion as per his shares’ latest value. Here is everything you need to know about him.

Russell Luminar

CEO Austin Russell sits down with @Automotive_News Daily Drive Podcast to discuss going public, bringing down the cost of lidars, partnering with major automakers and taking Luminar to the ”next level.” https://t.co/4w3uVFEI4I

— Luminar (@luminartech) December 4, 2020

10 Facts on Austin Russell

  1. Austin Russell is an American businessperson who is the current CEO of the vehicle technology company Luminar Technologies.
  2. Moreover, Austin Russell, who formed the company in 2012, has a current net worth of around $2.4 Billion.
  3. The CEO holds 104.7 million shares of his company, each one valuing around $23 in today’s market.
  4. And the fact that Austin Russell is just 25 years old is not an easy pill to digest for many entrepreneurs. His birthday remains under review for now, though.
  5. Despite his young age, Austin Russell has worked hard and swift for what he has become today.
  6. Ever since his childhood, Austin Russell was inspired by his parents. He was a software consultant in school at 10.
  7. However, the billionaire is yet to have a Wikipedia biography.
  8. Neither does he seem to have a girlfriend. Austin Russell is too focused on his business to be dating at the moment.
  9. Curated with an innovative mind, Austin was a college dropout of Stanford University.
  10. He decided to pursue his dream and started his company in 2012. As of 2021, his company worths around $7.8 billion.