Company: LIDRW
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0000947871-25-000783
Chunk: 7

Company: AEye, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 7
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us 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 11 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 result, our adaptive lidar is designed to enable
higher levels of autonomy and functionality–SAE Levels 2 through 5—with the goal of optimizing performance and power and reducing
cost. Our 4Sight Intelligent