Luminate, Qubits Ventures Launch Quantum and Photonics Pitch Competition: Week in Brief: 09/02/2022

Lidar technology company Cepton received a nonbinding letter of intent for an investment of up to $100 million from its long-term automotive Tier 1 partner and current shareholder Koito Manufacturing Co. Ltd. The proceeds from the proposed investment will fund Cepton’s next stage of growth as it scales its lidar solutions for mass deployment. The investment in Cepton will be Koito’s third since 2020.