Velodyne LiDAR Gears Up for the Autonomous Revolution with Investments from Ford and Baidu

Velodyne LiDAR, Inc., the recognized global leader in Light, Detection, and Ranging, or LiDAR technology, today announced the completion of a combined $150 million investment from co-investors Ford Motor Company and China’s leading search engine company Baidu, Inc. The investment will allow Velodyne to rapidly expand the design and production of high performance, cost effective automotive LiDAR sensors, accelerating mass adoption in autonomous vehicle and ADAS applications and therefore accelerating the critical, transformative benefits they provide.

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