Velodyne Lidar completed the acquisition of Bluecity.

Velodyne Lidar, a Silicon Valley-based lidar technology company, completed the acquisition of Bluecity, an AI software company. Financial terms were not disclosed. “Bluecity is a big believer in Velodyne’s vision of being the leading provider of AI-powered autonomous vision systems. Our experience working with Velodyne’s world-class lidar sensors has shown the power their solutions can bring in making communities safer and more efficient. Our team is thrilled to now be part of Velodyne,” Asad Lesani, Bluecity Co-Founder and CEO.