Tech Company Financing Transactions
Velodyne LiDAR Funding Round
Velodyne LiDAR closed a $150 million funding round on 8/17/2016. Investors included Baidu Venture Capital and Ford Motor Co..
Transaction Overview
Company Name
Announced On
8/17/2016
Transaction Type
Venture Equity
Amount
$150,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The money will help Velodyne quickly ramp up efforts to make its LiDAR sensors at scale while retaining and increasing quality, which will help carmakers build autonomous vehicles at scale, too.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
5521 Hellyer Ave.
San Jose, CA 95138
USA
San Jose, CA 95138
USA
Phone
Website
Email Address
Overview
Since 2007, Velodyne's LiDAR Inc. has emerged as the leading developer, manufacturer and supplier of real-time LiDAR sensor technology used in a variety of applications including autonomous vehicles, vehicle safety systems, 3D mobile mapping, 3D aerial mapping, security and defense.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
David Hall
Chief Financial Officer
Robert Brown
Chief Operating Officer
Rick Tewell
Chief Technical Officer
Anand Gopalan
President
Michael Jellen
Vice President
Mircea Gradu
VP - Bus. Development
Marta Hall
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About Our Venture Capital Transactions Database
We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
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