On July 11, 2019, Luminar Technologies, Inc. closed the transaction. The company received $100,000,000 in the transaction. The transaction included participation from G2VP, LLC, Moore Strategic Ventures, LLC, The Westly Group, Corning Incorporated (NYSE:GLW), Cornes Technologies Limited, Crescent Cove Advisors, LP, Octave Ventures, returning investors 1517 Fund and Canvas Management Company, L.L.C., Volvo Cars Technology Fund, a fund managed by Volvo Car AB, Investment Arm, individual investor Nick Woodman, and other investors.

As part of the transaction, Ben Kortlang from G2VP, LLC and Scott McGregor have joined the board of directors of the company. The company paid $4,392,716 as finder's fee in the transaction. The company received $87,318,011 pursuant to exemption provided under Regulation D from 23 investors.

The company has raised $250,000,000 in funding till date. The round is raised at post-money valuation of $900,000,000.