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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