Innovusion, a worldwide leader in the design and development of image-grade LiDAR (Light Detection and Ranging) systems, has successfully raised $64 million in Series B Financing, funded by Temasek, BAI Capital, and Joy Capital. Existing investors NIO Capital, Eight Roads Ventures, and F-Prime Capital also participated in the round. The funding will be used to increase the production capabilities of its automotive-grade LiDARs, support supply-chain partners for mass production capabilities, and further expand Innovusion's research and development efforts around advanced LiDAR Technologies.

Innovusion was founded in 2016 and has core development teams in Sunnyvale, California and Suzhou, China. It is the world's leader in image-quality, long-range LiDAR (Light Detection and Ranging) sensor systems for autonomous driving markets. It successfully concluded its $30 million Series A round in 2018 led by Nio Capital, with participation from Eight Roads Ventures, F-Prime Capital, and Banyan Capital. Alongside Singapore-headquartered investment company Temasek, BAI Capital and China's TMT-focused venture capital firm Joy Capital, the Series B round brings Innovusion's total funding to over $100 million USD. Please visit us on the web at www.innovusion.com.