Six self-driving unicorns top US$1bil in valuation

  • TECH
  • Friday, 27 Oct 2017

California-based Velodyne LiDAR is valued at US$2bil (RM8.49bil).

In a crowded field of more than 240 startups in self-driving cars, six companies – four of them in Silicon Valley – have achieved unicorn status, with valuations of US$1bil (RM4.24bil) or more, according to industry estimates and publicly available data. Here's a closer look: 

Velodyne LiDAR 

Est value: US$2bil (RM8.49bil)

Funding: US$150mil (RM636.3mil)

Founded: 2007

Headquarters: Morgan Hill, CA

Business: Lidar sensors

Investors: Ford, Baidu


Est value: US$1.67bil (RM7bil)

Funding: US$290mil (RM1.23bil)

Founded: 2014

Headquarters: Menlo Park, CA

Business: AV systems

Investors: DFJ, Lux Capital, AID Partners, Blackbird Ventures, Composite Capital

Quanergy Systems

Est value: US$1.59bil (RM6.75bil)

Funding: US$150mil (RM636.3mil)

Founded: 2012

Headquarters: Sunnyvale, CA

Business: Lidar sensors

Investors: Daimler, Delphi, Samsung, Sensata, Motus Ventures, Alrai Capital, GP Capital, Newbury Ventures, Wicklow Capital, Wardenclyffe Partners


Est value: US$1.33bil (RM5.64bil)

Funding: US$122mil (RM517.5mil)

Founded: 2007

Headquarters: Quebec City, Quebec, Canada

Business: Lidar sensors

Investors: Delphi, Magneti Marelli, Osram, Integrated Device Technology, Access Capital, BDC Venture Capital, Go Capital, Desjardins Venture Capital, Innovatech Quebec, I-Source Gestion


Est value: US$1.25bil (RM5.3bil)

Funding: US$130mil (RM551mil)

Founded: 2009

Headquarters: Woburn, MA

Business: Software

Investors: Qualcomm, Bridgestone, JP Morgan, New Enterprise Associates, Acadia Woods Partners, Eileses Capital, World Innovation Lab


Est value: US$1.06bil (RM4.5bil)

Funding: US$174mil (RM738.2mil)

Founded: 2015

Headquarters: Palo Alto, CA

Business: Data

Investors: BMW, Toyota, General Motors, Allianz, Softbank, Greylock Partners, Playground Global, Draper Nexus, Index Ventures, Maniv Energy Ventures, Trucks VC

Sources: CB Insights, TechCrunch, Funderbeam, Crunchbase

— Reuters

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