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
Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors. Velodyne, a 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 robotics, industrial, intelligent infrastructure, autonomous vehicles and advanced driver assistance systems (ADAS). Through continuous innovation, Velodyne strives to transform lives and communities by advancing safer mobility for all.
