Velodyne Adds Nikon Corporation as a Strategic Investor
SAN JOSE, Calif.-Sunday 23 December 2018 [ AETOS Wire ]
(BUSINESS WIRE) -- Velodyne Lidar, Inc. (Velodyne), the inventor and leader of the lidar sensor industry for autonomous vehicles (AV), today announced Nikon Corporation (Nikon) as a new strategic investor with an investment of $25M. The parties further announced they have begun discussions for a multifaceted business alliance. Nikon is one of the world's leading suppliers of products and solutions based on advanced opto-electronics and precision technologies.
Aiming to combine Nikon’s optical and precision technologies with Velodyne’s sensor technology, both companies have begun investigating a wide-ranging business relationship, including collaboration in technology development and manufacturing.
Velodyne believes the relationship will advance the timeline for manufacturing and mass production of lidar for the autonomous and
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