Company: LIDRW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0000947871-25-000056
Chunk: 9

Company: AEye, Inc.
Filing Date: 2025-01-16
Form: S-1
Chunk 9
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 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 14 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, or 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 software-definable
4SightTM Intelligent Sensing Platform combines solid-state active lidar, an optionally fused low-light HD camera, and integrated deterministic
artificial intelligence to capture more intelligent information with less data, enabling faster, more accurate, and more reliable perception
of the surroundings.

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 4SightTM 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