- On February 1, AEye announced Matt Fisch as the company’s new CEO and as a member of its board of directors effective February 13, 2023. Fisch is a deeply technical C‑level leader with 30 years of experience delivering products across industries and scaling software organizations at multi-billion-dollar global companies, including HARMAN International, Intel, and Verifone. He takes the reins at AEye as the company transitions into commercialization of its award-winning product line across multiple markets.
- Board Chair Carol DiBattiste highlighted Fisch’s technical leadership and experience leading teams to successfully deliver software-driven products, including for the automotive market. He is expected to be instrumental as AEye continues its path toward commercialization. Fisch brings the ideal mix of business acumen and software, systems, and product development expertise to AEye.
- The CEO search has been underway since December. Blair LaCorte, outgoing CEO, said, “Now that we have launched our intelligent 4Sight platform and have begun to scale the business, it is the perfect time to pass the baton to Matt.” LaCorte will continue with AEye on its advisory board.
- The company’s biggest design win to date is with Tier-1 auto supplier Continental, which selected AEye to meet premium OEM requirements. It has jointly engaged six OEMs with AEye and plans to have the AEye/Conti automotive product line launch in 2024. Continental supplies advanced driver assistance systems (ADAS) to 25 auto OEMs, covering 50 brands and 300 models. It delivered 100 million ADAS units from 2017 to 2019. With more than $50 billion in sales, 241,000 employees in 59 countries, Continental is one of the leading Tier-1 suppliers in the world.
THE COMPANY
AEye is a provider of intelligent, next-generation, adaptive LiDAR for vehicle autonomy, ADAS, and robotic vision applications. AEye’s 4Sight foundation leverages biomimicry and principles from automated targeting applications used by the military to scan the environment, intelligently focusing on what matters most—enabling faster, more accurate, and more reliable perception. 4Sight is the only software-configurable LiDAR platform with integrated deterministic artificial intelligence, delivering industry-leading performance in range, resolution, and speed. The company was founded in 2013 and is based in the San Francisco Bay Area.
The company’s two initial markets are automotive and industrial & mobility. AEye expects its auto/industrial revenue split to eventually be 55/45. The automotive ADAS business should be ramping up over 2023-25. Industrial will likely generate more revenue over the near-term years. As volume ramps, cost per unit should drop significantly. Today, AEye’s industrial systems can run $75-150k in price. AEye believes it can get the price of its industrial units down to $10k, which should enable many more use cases, and grow the market.
Read our initiation and other reports on AEye on our website.
On February 1, AEye announced named Matt Fisch as the company’s new CEO and as a member of its board of directors effective February 13, 2023. Fisch is a deeply technical C level leader with 30 years of experience delivering products across industries and scaling software organizations at multi-billion-dollar global companies, including HARMAN International, Intel, and Verifone. He takes the reins at AEye as the company transitions into commercialization of its award-winning product line across multiple markets.
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