Velodyne LiDAR Lands $150,000,000 New Round

  • Feed Type
  • Date
    8/17/2016
  • Company Name
    Velodyne LiDAR
  • Mailing Address
    345 Digital Drive Morgan Hill, CA 95037 USA
  • Company Description
    Since 2007, Velodyne’s LiDAR Inc. has emerged as the leading developer, manufacturer and supplier of real-time LiDAR sensor technology used in a variety of applications including autonomous vehicles, vehicle safety systems, 3D mobile mapping, 3D aerial mapping, security and defense.
  • Website
    http://www.velodynelidar.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $150,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The money will help Velodyne quickly ramp up efforts to make its LiDAR sensors at scale while retaining and increasing quality, which will help carmakers build autonomous vehicles at scale, too.
  • M&A Terms
  • Venture Investor
    Ford Motor Co.
  • Venture Investor
    Baidu

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