Monday, August 22, 2016

Quanergy Gets $90M For Self Driving Vehicle Sensors, Joins Unicorn Club

Sunnyvale-based Quanergy, a developer of 3D, LiDAR sensors which are being used for autonomous vehicle sensors and development, has raised $90M in funding, the company said this morning. According to Quanergy, the funding values the company at more than $1 billion. The funding came from Sensata Technologies, Delphi Automotive, Samsung Ventures, Motus Ventures and GP Capital. The company has now raised $150M in funding. Quanergy is led by Louay Eldada. More information »