Velodyne's latest LIDAR sensor is capable of producing 300,000 to 2.2 million data points per second with a range up to 200 meters at centimeter-level accuracy, the company said.
Velodyne said that the latest round of investments from its partners will enable it to "rapidly expand the design and production of high performance, cost-effective automotive LiDAR sensors," which will help the technology go mainstream.
"We want the cost to be low enough to be used for all cars. We envision a safer world for the millions of automotive drivers across the globe," Marta Hall, Velodyne president of business development, said in a statement.
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