Mark Harris:

General Motors announced on Monday that it had acquired Strobe Inc., a small California startup that has been developing a sub-$100 solid-state lidar for self-driving cars.
 The terms of the deal were not announced but, given that Strobe was seeking only US $15 million in a funding round as recently as May, it is unlikely to be anywhere near the reported $680 million Uber paid for some of Waymo’s lidar team as part of its ill-fated Otto purchase.
 Strobe looks to be a much better deal all around. The 12-person company is only three years old, and uses innovative frequency-modulated lidar technology first invented by its founder, Lute Maleki, at his previous firm called OEwaves.