Company: LIDRW
Filing Date: 2025-03-04
Form Type: 424B3
Source: 0000947871-25-000265
Chunk: 7

Company: AEye, Inc.
Filing Date: 2025-03-04
Form: 424B3
Chunk 7
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 including the information incorporated by reference in this prospectus, any subsequently filed Annual Report on Form 10-K or Quarterly Reports on Form 10-Q and our other filings with the SEC that are incorporated by reference into this prospectus and our financial statements and related notes incorporated by reference in this prospectus, including the information under the heading “Risk Factors” in this prospectus on page 12 and in the documents incorporated by reference in this prospectus. Please see the sections titled “Where You Can Find More Information” and “Incorporation of Certain Information by Reference” in this prospectus.

Amounts below are in thousands, except share amounts or per share data or where we use the word “million” or “billion”.

Overview

We are a provider of high-performance, active
lidar systems for vehicle autonomy, advanced driver-assistance systems (ADAS), and robotic vision applications. We have developed an
artificial intelligence technology that enables adaptive “intelligent sensing,” differentiating us in the marketplace from
our competition. Our proprietary 4Sight Intelligent Sensing Platform includes a solid-state software definable active lidar
sensor, an adaptive sensing SmartScan architecture to scan dynamic scenes/targets, and a sophisticated signal processing capability that
provides precise measurements and imaging for various safety-critical applications.

We were founded in 2013 by Luis Dussan, a member
of our Board of Directors and our first Chief Executive Officer, with the goal of creating a deterministic AI-driven sensing system that
performs better than the human eye and visual cortex. Mr. Dussan’s experience developing mission-critical targeting systems for
fighter jets and ground troops on behalf of the U.S. military provided us with the background to develop a differentiated approach to
visual sensing. While traditional sensing systems passively collect data, our active 4Sight Intelligent Sensing Platform
leverages principles from automated targeting systems and biomimicry to scan the environment, while intelligently focusing on what matters
in order to enable safer, smarter, and faster decisions in complex scenarios. From our inception, our culture drew from esteemed scientists
and electro-optics engineers from the National Aeronautics and Space Administration, or NASA, Lockheed Martin Corporation, Northrop Grumman
Corporation, the U.S. Air Force, and the Defense Advanced Research Projects Agency, or DARPA, to create the highest performing sensing
and perception system for the most challenging situations, ensuring the highest levels of safety for autonomous driving.

As a