Velodyne LiDAR Gears Up for the Autonomous Revolution with Investments from Ford and Baidu

MORGAN HILL, Calif.–(BUSINESS WIRE)–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 [NYSE:F] (“Ford”) and China’s leading search engine company Baidu, Inc. [Nasdaq:BIDU] (“Baidu”). The investment will allow Velodyne to rapidly expand the design and production of high performance, […]

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Baidu Invests in Velodyne

Gasgoo (Shanghai, August 15th)—It’s learned that Baidu (owner of the leading search engine in Japan) has reached investment intent with Velodyne LiDAR, but no accurate investment amount or share ratio has been reported. In the future, the two companies will conduct deep cooperation in self-driving and other areas. Velodyne is a Silicon Valley company which established in 1983, famous for its 64-Line […]

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