Key dates and developments in the history of lidar technology company Velodyne
1983: David Hall founds Velodyne Acoustics Ltd., a company focused on audio and acoustic technology.
2007: Five of the 6 vehicles that finish the DARPA Grand Challenge use Hall’s rotating lidar prototypes.
June 28, 2011: The U.S. Patent and Trademark Office awards Hall Patent 7,969,558, which covers rotating lidar units and will become the centerpiece of multiple lawsuits.
Jan. 15, 2016: Velodyne Lidar Inc. is created, splitting the company from the original Velodyne Acoustics.
Aug. 16, 2016: Ford and Baidu each invest $75 million in Velodyne. At an event announcing the investment, then-Ford CEO Mark Fields says the technology will enable Ford to produce fully autonomous cars by 2021.
Sept. 13, 2016: Rival lidar company Quanergy files suit against Velodyne Lidar, asserting it was the rightful…