Velodyne develops LiDAR (Light, Detection and Ranging) sensors used in driver-assistance and autonomous-vehicle systems. The company transitioned from making premium audio equipment (including subwoofers) to LiDAR and has worked in the space since 2005. Velodyne is described in the article as one of the market leaders and supplies sensors that can support autonomy from level 1 through level 4. The $150M investment from Ford and Baidu is intended to help Velodyne ramp manufacturing to scale while retaining and increasing quality. The article notes Velodyne’s long-standing R&D relationship with Ford and recent commercial orders for driver-assistance sensors. No operating metrics (revenue/users) are provided in the article.

Total raised

$150M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2016