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Client Story: Robot Truck Upstart Embark Hauls In $30 Million To Take On Waymo And Uber
Jul 19, 2018 | By Velodyne Lidar

Silicon Valley VC firm Sequoia Capital agrees and just led a $30 million Series B round for the San Francisco-based company, boosting total funding to $47 million for Embark two years after it was founded by Rodrigues and Brandon Moak, its CTO. The funds will help Embark’s fleet expand to 100 trucks from five, load them up with Velodyne lidar sensors, cameras, radar and computing system and compete for software talent.

Read more at: Forbes

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.

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