The corporates have made strategic investments in the 3D sensor and mapping technology producer, as they continue development of their individual driverless cars.
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.
Founded in 1983 as Velodyne Acoustics, the company originally focused on subwoofers before transitioning to lidar sensor technology for self-driving cars and 3D mapping in the mid-2000s.
Velodyne’s lidar systems combine laser-based sensors with the company’s software and algorithms to detect and interpret data from the surrounding environment. They are used in…
