Ford, Baidu bet $150M on Velodyne laser radar – USA TODAY

SAN FRANCISCO – Velodyne, a Silicon Valley company that makes a critical component for self-driving cars, has raised $150 million from two companies racing to put autonomous cars on the road. Ford Motor Company and Chinese search engine Baidu are …
Ford and Baidu invest $150 million in LIDAR technology for autonomous carsThe Verge
Ford to double Silicon Valley presence; invests $75MDetroit Free Press
Velodyne LiDAR Gears Up for the Autonomous Revolution with Investments from Ford and BaiduBusiness Wire (press release)
CNNMoney -Seeking Alpha
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