Velodyne Lidar Status
The company received $150 million of Series A financing from Ford Motor Company (NYSE: F) and Baidu (Nasdaq: BIDU) on August 16, 2016, putting the pre-money valuation at $750 million. The funding will help 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 accelerating the critical, transformative benefits.
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