Investors
Blog
Velodyne LiDAR Gears Up for the Autonomous Revolution with Investments from Ford and Baidu
Aug 16, 2016 | By Velodyne Lidar

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.

About Velodyne Lidar

Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors. Velodyne, the global leader in lidar, is known 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.

Browse products

Join our Newsletter Newsletter
© Velodyne Lidar, Inc. 2021 All Rights Reserved