Quanergy Systems Funded for Lidar

Add another name to the list of unknown (to me) companies that claim to be a world leader in lidar. In addition to Bridger Photonics which we highlighted yesterday this press release from Quanergy Systems indicates that they are developing the world’s leading LiDAR sensors and software used for capturing and processing 3D mapping data in real time. They were founded in 2012 and are headquartered in Sunnyvale, California. They are a silicon valley start-up with serious investors that include Mercedes- Benz and Hyundai.

They are going after the transportation market, where the data will be utilized to greatly improve the accuracy and reliability of on-board driver safety systems and enhance them with object recognition and scenario analysis capability, as well as enable autonomous driving in the future. Quanergy has established early partnerships with global automotive, mining and digital mapping companies, and will be expanding its market footprint into logistics, robotics, aeronautics, security, and 3D-aware consumer electronics.

This is certain to lead to lower prices for laser scanners sooner rather than later. The established players better work on their SWOT analysis.

 

 

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