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home / news releases / velodyne lidar acquires ai software company bluecity

VLDRW - Velodyne Lidar acquires AI software company Bluecity in all-stock transaction

Velodyne Lidar Inc. Warrant

  • Velodyne Lidar ( NASDAQ: VLDR ) has acquired Bluecity, a Montreal-based artificial intelligence (AI) software company in an all-stock acquisition.
  • 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.
  • The company has been partnering with Bluecity for many years to deliver lidar-based solutions for smart city applications.

For further details see:

Velodyne Lidar acquires AI software company Bluecity in all-stock transaction
Stock Information
Company Name: Velodyne Lidar Inc. Warrant
Stock Symbol: VLDRW
Market: NASDAQ
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