Quanergy Systems raises investment funds for the commercialization of the world’s leading LiDAR sensors for real-time 3D mapping
Sunnyvale, California—November 26, 2013- Quanergy Systems, Inc. announced today that it has raised investment funds from Transportation Technology Ventures LLC, Wardenclyffe Partners LLC (anewseedfundformedbythefoundersofTesla), Newbury Ventures, and Markis. The new financing will be used for the development and commercialization of its Mark VIII LiDAR product.
“We are delighted to have the support of industry veterans and visionaries, as we endeavor to shape the future with smart 3D sensing innovations that will improve people’s lives and enhance their experiences,” said Dr. Louay Eldada, CEO and Co-Founder of Quanergy.
About Quanergy Systems, Inc.
Quanergy Systems, Inc. was founded in 2012 and builds on decades of experience of its team in the areas of optics, photonics, optoelectronics, artificial intelligence software and control systems. Headquartered in Sunnyvale, California, in the heart of Silicon Valley, Quanergy offers smart sensing solutions. It is a leading provider of LiDAR sensors and perception software for real-time capture and processing of 3D spatial data and object detection, tracking and classification. Its sensors are disruptive in price, performance, reliability, size, weight and power. Its solutions are applicable in numerous sectors including transportation, security, industrial automation, 3D mapping, mining, agriculture, drones, robotics, smart spaces and 3D-aware smart devices for improved safety, efficiency and quality of life. For more information, visit www.quanergy.com