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Ford and Baidu Invest $150 Million in Velodyne LiDAR
Aug 16, 2016 | By Velodyne Lidar

One of the most visible indicators of a self-driving vehicle is the spinning LiDAR sensor (Light imaging, Detection and Ranging) that is usually mounted on the roof. A top player in the development and manufacturing of automotive LiDAR sensors is Velodyne of Morgan Hill, Calif. In August 2016, Ford and Baidu announced they will each invest $75 million in Velodyne to help the company commercialize its laser-based sensors.

About Velodyne Lidar

Velodyne Lidar (NASDAQ: VLDR) ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors. Velodyne is the first public pure-play lidar company and is known worldwide for its broad portfolio of breakthrough lidar technologies. Velodyne’s revolutionary sensor and software solutions provide flexibility, quality and performance to meet the needs of a wide range of industries, including autonomous vehicles, advanced driver assistance systems (ADAS), robotics, unmanned aerial vehicles (UAV), smart cities and security. Through continuous innovation, Velodyne strives to transform lives and communities by advancing safer mobility for all.

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