{"id":7736,"date":"2016-08-24T15:00:18","date_gmt":"2016-08-24T09:30:18","guid":{"rendered":"https:\/\/startup-buzz.com\/?p=7736"},"modified":"2016-08-25T11:49:26","modified_gmt":"2016-08-25T06:19:26","slug":"quanergy-self-driving-car-sensor-startup-raises-90-million","status":"publish","type":"post","link":"https:\/\/startup-buzz.com\/?p=7736","title":{"rendered":"Quanergy, A Self-Driving Car Sensor Startup, Raises $90 Million"},"content":{"rendered":"<h2 style=\"text-align: center;\"><strong><em>Empowering Self-driving Vehicles<\/em><\/strong><\/h2>\n<p>Silicon Valley-based Quanergy Systems makes light detection and ranging sensors for self-driving cars. It has successfully completed a funding round of $90 million led by Sensata Technologies. Other investors included Delphi Automotive, Samsung Ventures, Motus Ventures, and GP Capital. This clearly indicates the booming trend in the self-driving automotive industry.<\/p>\n<h3><strong>Plan to develop affordable LiDAR<\/strong><\/h3>\n<p>Quanergy plans to develop affordable LiDAR systems. What are they? They are light detection sensors; a major component of self-driving cars. Cars use a combination of sensors and cameras to safely navigate through the traffic. LiDAR is light sensitive radars that generate 3D images of things around the car in real time.<\/p>\n<p>Quanergy\u2019s CEO, Louay Eldada pegs its post-funding valuation at $1.59 billion. Now the task ahead for his team is to build affordable LiDAR systems because the systems already available in the market are tall on price tags. California-based Velodyne started selling its LiDAR at $80,000. But it\u2019s the latest prototype is pegged at $8,000. Such is the competition in the market. Since Google and Ford, both deploy LiDAR in their self-driving cars, the demand is increasing as well.<\/p>\n<h3><strong>Market Rollout<\/strong><\/h3>\n<p>On the other hand, Quanergy\u2019s LiDAR sensors are already being used by five automobile manufacturers. These self-driving vehicles will be available for sale by 2018. Apart from this, non-passenger vehicles in mining and agriculture are also being fitted with LiDAR and will be available sooner than the passenger cars.<\/p>\n<p>Subscribe with us to get your dose of interesting news, research &amp; opinions in the startup segment. Fill the form below:<em><br \/>\n<\/em>[email-subscribers namefield=&#8221;YES&#8221; desc=&#8221;&#8221; group=&#8221;Public&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Empowering Self-driving Vehicles Silicon Valley-based Quanergy Systems makes light detection and ranging sensors for self-driving cars. It has successfully completed a funding round of $90 million led by Sensata Technologies. Other investors included Delphi Automotive, Samsung Ventures, Motus Ventures, and GP Capital. This clearly indicates the booming trend in the<\/p>\n","protected":false},"author":22,"featured_media":7742,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1308,21],"tags":[2724,1605,1861,2723,900,2725,202,70,875,354,1651],"class_list":["post-7736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-funding","category-start-up","tag-lidar","tag-male-entrepreneur","tag-product-based-startup","tag-quanergy","tag-self-driving-cars","tag-sensors","tag-silicon-valley","tag-startup","tag-startup-buzz","tag-technology","tag-us"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/startup-buzz.com\/wp-content\/uploads\/2016\/08\/Untitled-1-2.jpg","_links":{"self":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/7736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7736"}],"version-history":[{"count":3,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/7736\/revisions"}],"predecessor-version":[{"id":7768,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/7736\/revisions\/7768"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/media\/7742"}],"wp:attachment":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}