Luminar will receive an additional $33 million in funding for its lidar business

Luminar received the highest price his lidar business as the court sale ends on Monday, according to new booking in the case of company bankruptcy.

MicroVision, a Redmond, Washington-based company that has been developing its own lidar sensors, raised $33 million, up from $22 million previously Opinions of the company Quantum Computing Inc a few weeks ago as a so-called “stalking horse” bidder. (Quantum Computing Inc. raised the price to $28 million but apparently was unwilling or unable to go up.)

In a statement, MicroVision said Tuesday that it is acquiring “IP and products related to Iris and Halo lidar sensors, technical and operational capabilities, and other contracts and orders.”

“It’s no secret that the lidar market is in disarray and in need of consolidation,” said MicroVision CEO Glen DeVos. “Leveraging our proven leadership in the automotive industry, our history of manufacturing and deploying defense products, and now having a wide range of sensor technologies and advanced solutions, we believe MicroVision is poised to advance the business, enabling increased sales and increased safety.”

The sale of Luminar’s lidar business has now been approved by a bankruptcy judge. A hearing is expected Tuesday afternoon.

It is not known whether Luminar founder and former CEO Austin Russell paid for his company’s stock. Russell, through his new venture Russell AI Labs, tried to buy the company in October 2025 before filing for bankruptcy, and expressed an interest in borrowing during the bankruptcy. Representatives for Russell did not respond to a request for comment.

That said, Russell and Luminar spent the first month of the bankruptcy proceedings arguing over subpoenas. The company said it was still evaluating whether to prosecute Russell, who resigned last May, following an investigation by the board. Although Russell had already given his computer to Luminar, he kept his phone until the company assured him that all personal information on the device would be protected. Luminar challenged him to chase a subpoena.

Russell finally he agreed to accept the document last week. Over the weekend, he and Luminar filed a lawsuit seeking to protect his information.

The sale of the lidar stock could end soon after Luminar’s bankruptcy filing, which was filed in December. The company previously agreed to sell some of its business units, centered around semiconductors, to Quantum Computing Inc. for $110 million.

This article has been updated with a quote from MicroVision.