Velodyne Lidar Launches Vella Family of Software Products

Rhea-AI Summary

Velodyne Lidar (Nasdaq: VLDR, VLDRW) launched the beta version of its Vella family of software products, aimed at accelerating lidar development for autonomous applications. Key offerings include Vella Go for sensor management, Vella Perception for application development, and Vella Cloud Services for AI capabilities. The Vella Portal simplifies access to these tools, enhancing customer engagement and support. CEO Ted Tewksbury emphasized the goal of enabling rapid development and deployment of AI-driven solutions, thereby improving safety and efficiency across various industries.

Positive

• Introduction of Vella software family enhances lidar development efficiency.
• Vella Portal provides streamlined access to sensor management and AI tools.
• Free evaluation available encourages customer adoption of Vella products.

Negative

• None.

New sensor management, calibration, perception and cloud software offerings empower customers to accelerate lidar development

SAN JOSE, Calif.--(BUSINESS WIRE)-- Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced the beta launch of its Vella family of software products. Vella enables Velodyne’s customers to accelerate development of lidar-based vision solutions for autonomous applications. Using the online platform Vella Portal, Velodyne’s sensor customers can easily access Vella’s software offerings, which include Vella Go for lidar sensor management, Vella Perception for application development and Vella Cloud Services for artificial intelligence (AI) capabilities.

Velodyne Lidar's Vella family of software products includes sensor management, calibration, perception and cloud software offerings. Image credit: Velodyne Lidar, Inc.

“Velodyne’s customers use lidar to advance autonomy in a multitude of markets, from transportation to infrastructure, industrial, robotics and more,” said Dr. Ted Tewksbury, CEO, Velodyne Lidar. “Vella gives our customers the power to quickly get lidar development programs up and running, enabling them to build new AI-driven applications more efficiently. We are excited to see how Vella allows our customers to bring their solutions to market faster and more cost effectively to advance safety, efficiency and sustainability for businesses and our communities.”

Key features

Vella Portal

• Easy and secure account management
• One-stop access to all Vella software offerings
• Customer support information and access

Vella Go

• A free set of sensor management tools for out-of-the-box integration
• Auto detection and configuration for all Velodyne sensors
• Diagnostics stream and visualization of live point clouds
• Firmware updates and lidar drivers
• Vella Go Premium enhances the Vella Go experience with additional lidar calibration and point cloud stitching tools

Vella Perception

• Streamlines perception implementation to easily build intelligent and autonomous applications
• Enables 3D object detection
• Obstacle and free-space detection and scene segmentation
• Seamless integration and updates
• Supports multiple operational domains and environments

Vella Cloud Services

• Leverages Vella Perception’s unique capabilities in the cloud to enable scalable, fast and low-cost AI-based object detection and classification
• Provides lidar data management and perception services
• Visualizes uploaded, raw lidar datasets
• Enables applications to improve system accuracy

Customers with Velodyne sensors can get started with a free evaluation by contacting Velodyne for account activation. For more information, contact Velodyne Sales at 669.275.2526 or sales@velodyne.com.

About Velodyne Lidar

Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors. Velodyne, a global leader in lidar, is known for its broad portfolio of breakthrough lidar technologies. Velodyne’s revolutionary sensor and software solutions provide flexibility, quality and performance to meet the needs of a wide range of industries, including robotics, industrial, intelligent infrastructure, autonomous vehicles and advanced driver assistance systems (ADAS). Through continuous innovation, Velodyne strives to transform lives and communities by advancing safer mobility for all.

Forward Looking Statements

This press release contains "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 including, without limitation, all statements other than historical fact and include, without limitation, statements regarding Velodyne’s target markets, new products, development efforts, and competition. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," “can,” "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Velodyne's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include the impact on our operations and financial condition from the effects of the current COVID-19 pandemic both on Velodyne’s business and those of its customers and suppliers; supply chain issues in the semiconductor market; Velodyne’s ability to execute its business plan; the timing of revenue from existing customers, including uncertainties related to the ability of Velodyne’s customers to commercialize their products and the ultimate market acceptance of these products; uncertainties related to Velodyne’s estimates of the size of the markets for its products and future revenue opportunities, including projects that are not yet signed or awarded; charges related to the vesting of the Amazon Warrant; the rate and degree of market acceptance of Velodyne Lidar’s products in a variety of industries; the success of other competing lidar and sensor-related products and services that exist or may become available; rising costs adversely affecting Velodyne’s profitability; uncertainties related to Velodyne Lidar’s current litigation and potential litigation involving Velodyne Lidar or the validity or enforceability of Velodyne’s intellectual property; the risk that the proposed merger with Ouster may be delayed or not occur at all for a variety of reasons, including the failure of either party to obtain a shareholder vote or delays in obtaining such vote, or termination of the agreement by either party under customary termination rights; disruptions to our business during the pendency of the proposed merger, including management distraction as well as the response of business partners and employees; the risk of negative publicity and litigation as a result of the proposed merger; the diversion of management time in connection with the proposed merger; customary operating covenants in the merger agreement that limit Velodyne Lidar’s ability to engage in certain actions without the consent of Ouster (which shall not be unreasonably withheld); the risk that the combined company may fail to realize the anticipated benefits and cost savings from the merger; Velodyne Lidar’s ability to partner with and rely on third party manufacturers; general economic and market conditions impacting demand for Velodyne Lidar’s products and services; and changes in applicable laws or regulations.

For more information about risks and uncertainties associated with Velodyne’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Velodyne’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. All forward-looking statements in this press release are based on information available to Velodyne as of the date hereof, Velodyne undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221201005415/en/

Investor Relations

Jordan Darrow

Darrow Associates, Inc.

InvestorRelations@velodyne.com

Media

Jane Maynard

Velodyne Lidar

PR@velodyne.com

Source: Velodyne Lidar

FAQ

What is the Vella software family from Velodyne Lidar?

The Vella software family includes tools for lidar sensor management, application development, and cloud services to enhance AI capabilities.

How does Vella help Velodyne's customers?

Vella accelerates lidar development, enabling customers to bring AI-driven applications to market faster and more cost-effectively.

When was the Vella software beta launched?

The beta launch of the Vella software family was announced recently by Velodyne Lidar.

What are the main features of Vella Go?

Vella Go offers sensor management tools, auto detection, diagnostics, and firmware updates for Velodyne sensors.

What does Vella Cloud Services provide?

Vella Cloud Services offers scalable AI-based object detection, lidar data management, and visualization of raw lidar datasets.