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Innovusion Raises $64 Million Usd In Series B Financing

May 11, 2021•over 4 years ago

Round Type

series b

Sunnyvale

Description

Innovusion, a worldwide leader in the design and development of image-grade LiDAR (Light Detection and Ranging) systems, has successfully raised $64 million USD in Series B Financing, funded by Temasek, BAI Capital, and Joy Capital. Existing investors NIO Capital, Eight Roads Ventures, and F-Prime Capital also participated in the round. The funding will be used to increase the production capabilities of its automotive-grade LiDARs, support supply-chain partners for mass production capabilities, and further expand Innovusion’s research and development efforts around advanced LiDAR Technologies.

Company Information

Company

Innovusion

Location

Sunnyvale, California, United States

About

Innovusion was founded in 2016 and has core development teams in Sunnyvale, California and Suzhou, China. It is the world’s leader in image-quality, long-range LiDAR (Light Detection and Ranging) sensor systems for autonomous driving markets. It successfully concluded its $64 million Series B round in April 2021 funded by Temasek, BAI Capital, and Joy Capital with participation from existing investors NIO Capital, Eight Roads Ventures, and F-Prime Capital. Please visit us on the web at www.innovusion.com.