AEye closes $16M Series A round

Pleasanton, California-based robotic vision company AEye has closed a $16 million series A venture round from Kleiner Perkins Caufield & Byers, Airbus Ventures, Intel Capital, and Tyche Partners.

AEye develops advanced vision hardware, software and algorithms for autonomous vehicles. The company demonstrated its first solid state LiDAR scanner in 2013.

[Image courtesy: AEye]

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Argo AI, driverless startup backed by Ford and VW, is shutting down — The Verge

The company, which was founded by veterans of Google and Uber’s self-driving car projects, has lost the financial support of Ford and VW, a source said, writes Andrew J. Hawkins.