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.