Velodyne Lidar Acquires AI Software Company Bluecity
Acquisition Bolsters Velodyne's Lidar Solutions for Intelligent Infrastructure
Velodyne Lidar, Inc. (NASDAQ:VLDR, VLDRW))) today announced the company has acquired Bluecity, a Montreal-based artificial intelligence (AI) software company whose next-generation, lidar-based solutions solve safety, traffic and infrastructure issues. The all-stock acquisition reinforces Velodyne's commitment to enabling customer success by delivering industry-leading, AI-powered autonomous vision solutions. The addition of Bluecity is expected to be immaterial to operating expenses and cash usage. Bluecity's executive, software development and sales teams will join Velodyne.
This press release features multimed
