Solid-State LiDAR Startup Ready to Ramp Up Production
Quanergy Systems, a Silicon Valley startup that makes light detection and ranging sensors LiDAR used in self-driving cars, has raised $90 million from investors, illustrating their growing interest in autonomous vehicle technology. The funding round, led by Sensata Technologies, also included investments from auto parts manufacturer Delphi Automotive , Samsung Ventures, Motus Ventures, and GP Capital. Quanergy’s post-funding valuation is $1.59
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