Robohub.org
 

Two LiDAR makers each get big funding

by
26 August 2016



share this:
Source: Ford Velodyne LiDAR/YouTube

Source: Ford Velodyne LiDAR/YouTube

In anticipation of the need for LiDAR devices in cars with assisted steering and other self-driving technologies, both Velodyne and Quanergy received funding. Quanergy raised $90 million and Velodyne got $150 million.

Source: Frost & Sullivan;VDS Automotive SYS Konferenz 2014/

Source: Frost & Sullivan;VDS Automotive SYS Konferenz 2014/

As can be seen in the chart provided by Frost & Sullivan, LiDARs will play a big role in all phases of the emergence of self-driving vehicles. Hence the immediacy of these two investments in LiDAR technology.

Velodyne LiDAR, a Morgan Hill, Calif.-based provider of technology that allows self-driving cars see and avoid what’s around them, has raised $150 million in equity funding from Ford Motor Co. and Baidu. Velodyne expects an exponential increase in LiDAR sensor deployments in autonomous vehicles and ADAS applications over the next several years, driving high revenue growth. The funds will be used to help Velodyne lower the cost of their LiDAR to between $300 and $500, the price point at which mass adoption becomes practical.

“LiDAR continues to prove itself as the critical sensor for safe autonomous vehicle operation,” said David Hall, founder and CEO, Velodyne LiDAR. “This investment will accelerate the cost reduction and scaling of Velodyne’s industry-leading LiDAR sensors, making them widely accessible and enabling mass deployment of fully autonomous vehicles. We are determined to help improve the goal of safety for automotive vehicles as soon as possible, as well as empower the efficiency autonomous systems offer.”

“We want the cost to be low enough to be used for all cars. We envision a safer world for the millions of automotive drivers across the globe,” said Marta Hall, Velodyne President of Business Development.

Quanergy Systems Inc., a Sunnyvale, Calif.-based provider of solid state LiDAR sensors and smart sensing solutions, has raised $90 million. Backers include Sensata Technologies, Delphi Automotive, Samsung Ventures, Motus Ventures and GP Capital. Quanergy’s solid state LiDAR is included in the frontal piece of the Mercedes test car shown on the right. The solid-state nature of the LiDAR is a significant cost savings and the expected trade price (once full production begins) will be less than $250.

LiDARs aren’t the only components getting funded

In a NY Times story, Delphi and Mobileye said that they had formed a partnership to provide a core self-driving platform to automakers by the end of 2019.

The Mobileye-Delphi collaboration “will accelerate the time to market” and enable carmakers to produce vehicles capable of driving themselves “without the need for huge capital investments,” said Amnon Shashua, chairman and chief technology officer of Mobileye.

Delphi, the former parts division of General Motors, and Mobileye, an Israeli company known for producing the sensors and other technology that help cars recognize obstacles in the road, are both major component providers to the auto industry.



tags: , , , , , , , ,


Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.
Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.





Related posts :



Interview with Dautzenberg Roman: #IROS2023 Best Paper Award on Mobile Manipulation sponsored by OMRON Sinic X Corp.

The award-winning author describe their work on an aerial robot which can exert large forces onto walls.
19 November 2023, by

Robot Talk Episode 62 – Jorvon Moss

In the latest episode of the Robot Talk podcast, Claire chatted to Jorvon (Odd-Jayy) Moss from Digikey about making robots at home, and robot design and aesthetics.
17 November 2023, by

California is the robotics capital of the world

In California, robotics technology is a small fish in a much bigger technology pond, and that tends to conceal how important Californian companies are to the robotics revolution.
12 November 2023, by

Robot Talk Episode 61 – Masoumeh Mansouri

In the latest episode of the Robot Talk podcast, Claire chatted to Masoumeh (Iran) Mansouri from the University of Birmingham about culturally sensitive robots and planning in complex environments.
10 November 2023, by

The 5 levels of Sustainable Robotics

Robots can solve the UN SDGs and not just via the application area.
08 November 2023, by

Using language to give robots a better grasp of an open-ended world

By blending 2D images with foundation models to build 3D feature fields, a new MIT method helps robots understand and manipulate nearby objects with open-ended language prompts.
06 November 2023, by





©2021 - ROBOTS Association


 












©2021 - ROBOTS Association