Velodyne LiDAR raises $150M

What does Velodyne LiDAR was founded?

Velodyne LiDAR, is a leading developer, manufacturer and supplier of LiDAR sensors. The company has emerged as the lead developer, supplier and manufacturer of real time LiDAR sensor tech used in different applications including vehicle safety systems, autonomous vehicles, 3D aerial mapping and 3D mobile mapping, defense and security. It provides a complete line of sensors, including HDL-32E, HDL-64E, VLP-16 ‘Puck’ and VLP-16 Puck Lite, each capable of providing the most accurate real time 3D data on the market. The company has developed 4 generations of hybrid solid state LiDAR systems incorporating the company’s proprietary algorithms and software which interpret rich data gathered from the environment through highly accurate laser based sensors for creating high resolution 3 dimensional digital images used for localization, mapping, collision avoidance and object identification. Its solutions have the capacity of producing three hundred thousand to 2.2 M data points/second with a range upto 200m at cm-level accuracy. Its LiDAR tech has been recognized by global automotive OEMs and rideshare consumers as a main element enabling the completely autonomous vehicles development.

How much Velodyne LiDAR was founded?

Velodyne LiDAR has raised $150M in undisclosed round on August 16, 2016 from Baidu and Ford Motor Company.

What is next for Velodyne LiDAR was funded?

The company plans to use the latest funding raised for rapidly expanding the production and design of high performance, accelerating mass adoption in autonomous vehicles and ADAS apps and cost effective automotive LiDAR sensors and so it is accelerating the critical, transformative benefits they provide.

More about Velodyne LiDAR?
Velodyne LiDAR was founded in 2007 by David Hall. It has its headquarters in Morgan Hill, California. The company continues proving itself as the critical sensor for safe autonomous vehicle operation.