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17 August 2016

Velodyne charts $150m from Ford and Baidu

The corporates have made strategic investments in the 3D sensor and mapping technology producer, as they continue development of their individual driverless cars.

Author: Robert Lavine, News Editor

Automotive manufacturer Ford and internet company Baidu combined yesterday to jointly invest $150m in Veldoyne Lidar, a US-based producer of light, detection and ranging (lidar) 3D mapping technology.