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Velodyne, Quanergy lidar rival scores $132M in new funding

Cromwell Schubarth
Velodyne, Quanergy lidar rival scores $132M in new funding

The Series C round brings the total raised by Innoviz to about $214 million, according to PitchBook Data. That compares to $325 million raised by Sunnyvale-based Quanergy Systems Inc. and $150 million raised by San Jose-based Velodyne LiDAR Inc.