CORRECTING and REPLACING Blair LaCorte Named President of AEye

Please replace the release with the following corrected version due to multiple revisions.

The corrected release reads:

BLAIR LACORTE NAMED PRESIDENT OF AEYE

AEyes former Chief of Staff will lead the companys growth and expansion as its iDAR„¢ system is set to scale production for the global automotive market

WANT TO BUILD A FINANCIAL EMPIRE?

Subscribe to the Global Banking & Finance Review Newsletter for FREE
Get Access to Exclusive Reports to Save Time & Money

By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

AEye Inc., a leader in artificial perception systems and the creators of iDAR„¢, today announced the appointment of Blair LaCorte as president. LaCorte initially invested in AEyes Series A in 2016, and was named chairman of the advisory board. He joined the management team as chief of staff in August 2017. An accomplished executive and strategist, LaCorte will now bring to bear his extensive leadership experience as the company’s new president.

LaCorte has run large, fast growing global corporations and held numerous executive and general management positions in both private and public technology companies. Prior to AEye, he was the global president of Production Resource Group (PRG), the worlds largest live event technology company, the CEO of XOJET, which under his leadership became the fastest growing company in private aviation, and an operating partner at TPG, a premier private equity firm with over $91B in global investments, where he co-founded the TPG growth fund. LaCorte has also held leadership roles at companies including Savi Technology, Autodesk, VerticalNet and Sun Microsystems. He is a current participant in the Virgin Galactic astronaut program which is expected to launch in late 2019.

Blair is an invaluable asset to AEye, said AEye founder and CEO, Luis Dussan. His unparalleled leadership skills, insight and intellect, as well as his experience successfully leading high-growth businesses will be critical to AEye as we set to scale our business to address the needs of our automotive customers.

Ransom Wuller, AEye co-founder and former president, has joined the companys board of directors and will continue in his role as chief financial officer.

The team at AEye is exceptional, said LaCorte. They uniquely combine humility with burning curiosity and sincere desire to solve challenges for their partners and customers. I am grateful to be a part of it, and for the chance to work with Luis and the rest of the AEye team to build an extraordinary company.

AEye takes a disruptive approach to vehicle perception by putting intelligence at the sensor layer and making it extensible and controllable via a software-driven architecture. AEyes iDAR is an artificial perception system that physically fuses a unique, agile LiDAR with a hi-res camera to create a new data type called Dynamic Vixels. This real-time integration occurs in the iDAR sensor, rather than post fusing separate camera and LiDAR data after the scan. By capturing x, y, z, r, g, b data, Dynamic Vixels uniquely mimic the data structure of the human visual cortex, capturing better data for vastly superior performance and accuracy.

AEye recently set a new benchmark for solid state LiDAR range. In performance tests validated by VSI Labs, AEyes iDAR acquired and tracked targets at more than 1000 meters and at scan rates exceeding 100 Hz – a major breakthrough in speed and long-range threat detection. AEyes use of Biomimicry is more fully explored by LaCorte and Dr. James Doty, world renowned neurosurgeon and clinical professor in the Department of Neurosurgery at Stanford University in a white paper available at aeye.ai.

About AEye

AEye is an artificial perception pioneer and creator of iDAR„¢, a perception system that acts as the eyes and visual cortex of autonomous vehicles. Since its demonstration of its solid-state LiDAR scanner in 2013, AEye has pioneered breakthroughs in intelligent sensing. The company is based in the San Francisco Bay Area, and backed by world-renowned investors including Kleiner Perkins Caufield & Byers, Taiwania Capital, Intel Capital, Airbus Ventures, and numerous OEMs and Tier 1 automotive integrators. For more information, please visit www.aeye.ai.

AEye, Inc.
Jennifer Deitsch
[email protected]
925-400-4366