Silicon Valley Business Journal reports that Velodyne CEO and Founder David Bell prepares to take the company public, but in an unconventional way of “direct listing” – selling shares direct to the public without an intermediate entity like NASDAQ:
“Only two major companies, Spotify and Slack Technologies, have gone that route so far. Businesses that take the direct listing route make their Wall Street debuts without the road shows and price-setting that underwriters help with. But they don’t get the infusion of cash that accompanies a traditional IPO, either. Hall doesn’t sound convinced that would change his mind.
“It turns out to be a lot more work for us,” he said. “It looks daunting from my point of view, so I’m dragging my feet on the thing. The last few weeks have not been kind to IPOs either.”
Velodyne Lidar is valued at about $ 1.8 billion after raising about $ 225 million from investors who include Nikon, Ford Motor Co. and Baidu, according to PitchBook Data.“
BusinessWire: RoboSense wins the CES 2020 Innovation Award the second year in a row. This year’s Award is for the first MEMS-based Smart LiDAR Sensor, the RoboSense RS-LiDAR-M1, winning in the Vehicle Intelligence and Self-Driving Technology category. RS-LiDAR-M1 is said to be the world’s first and only MEMS-based smart LiDAR sensor for self-driving passenger vehicles with its own embedded AI algorithm technologies and SoC.
BusinessWire: Cepton announces its Helius Smart Lidar System has been named a CES 2020 Innovation Awards Honoree. Helius is honored in two categories: Tech for a Better World, which highlights product innovations aiming to make positive social and global impacts.
Helius fuses three technologies: Cepton’s patented Micro Motion Technology (MMT); edge computing for minimum data burden and maximum ease of integration; and built-in advanced perception software for real-time analytics.
Blickfeld too receives CES 2020 Award in Vehicle Intelligence & Transportation category. Blickfeld LiDARs use centimeter-sized mirrors with a scanning angle of up to 100° x 30° resulting in a range of up to 100 meters at 10 % reflectivity. The optical coaxial setup provides spatial filtering to achieve the highest sunlight suppression. Solid-state technology ensures mechanical robustness and longevity.
Leddar PIXELL wins CES 2020 Award in Vehicle Intelligence & Transportation category. Pixell is a 3D flash LiDAR solution with a 180-degree field of view specifically designed for ADAS and Autonomous driving applications on autonomous shuttles, commercial vehicles, transit buses, and robotaxis. It leverages LeddarTech’s state-of-the-art LCA2 LeddarEngine at its core.