Company:Quanergy

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Short description: California developer of LiDAR technology
Quanergy
TypePublic company
NYSE: QNGY
Founded2012
Headquarters
Sunnyvale, California
Key people
Kevin Kennedy, CEO[1]
Tianyue Yu, Co-Founder and VP of Products
ProductsLiDAR sensor hardware & software, security systems
Number of employees
100
Websitewww.quanergy.com

Quanergy Systems is a publicly held Silicon Valley–based technology company that develops LiDAR (Light Detection and Ranging) sensors and related technology.[2]

History

Quanergy was co-founded in 2012 by Louay Eldada,[3] Angus Pacala[4] (also co-founder of lidar company Ouster), and Tianyue Yu. Headquartered in Sunnyvale, California; it is a provider of LiDAR sensors and perception software for real-time capture and processing of 3D spatial data and object detection, tracking, identification and classification.[5]

Quanergy's AI-based LiDAR-based sensor technology have five primary applications: 3D mapping, security, smart cities & smart spaces, social distancing, industrial automation, and transportation to increase productivity, efficiency, and safety and reduce cost.[6][third-party source needed]

In April 2020, Kevin Kennedy was appointed CEO in addition to his existing role as chairman of the board.[7] Following his appointment, the company raised additional funding, bringing the total funds raised to approximately $195 million.[8][third-party source needed]

In June 2021, Quanergy agreed to go public via reverse SPAC merger with CITIC Capital Acquisition Corp.[9][third-party source needed]

In December 2022, Quanergy has filed for Chapter 11 bankruptcy.[10]

Technology

  • Quanergy's Flow Management platform: combines 3D LiDAR sensors with its QORTEX DTC software to anonymously and accurately track and analyze the flow of people and objects in real time within retail locations, airports, public venues, commercial and government buildings, and industrial warehouses. Consists of two different products, M series with QORTEX DTC (Detect, Track, Classify), and QORTEX People Counter.
  • QORTEX DTC (Detect, Track, Classify): is paired with the M-series mechanical LiDAR sensor to enable accurate, real-time tracking of people and vehicles for security, social distancing, smart city, and smart space applications.
  • QORTEX People Counter – delivers high accuracy people counting and queue management capabilities for smart spaces and social distancing applications.
  • M-Series LiDAR sensors: mechanical 360 degree LiDAR sensors used for mapping, security, smart city and smart space applications.
  • M1: a next generation 2D industrial LiDAR sensor for mid- to long-range, high precision measurement applications.[11]
  • M1 Edge PoE: combines smart object detection software with Quanergy’s M-Series LiDAR sensors to enable smart awareness for applications that require simple object detection and alerting capabilities.

M1 Prime: provides industry-leading pinpoint accuracy of 0.033–0.132° and captures up to 2x more data with 1.3M points per second with three returns.

  • MQ-8: delivers up to 140m continuous tracking range, enabling up to 15,000m2 coverage with a single sensor ideal for sophisticated flow management applications like security, smart city, social distancing, and smart spaces requiring the accurate tracking of large numbers of people and vehicles in complex environments.[12]
  • M8: features a wide field of view, long measurement range, high accuracy, and fine resolution to reliably solve the most challenging real-world applications.
  • S-Series solid state LiDAR sensors: based on optical phased array (OPA) technology offering vibration immunity and more than 100,000 hours of the mean time between failures (MTBF).[13]

References

  1. ↑ "Quanergy's Leadership Transition Drives Next Phase of Company Growth". https://quanergy.com/pressrel/8820/. 
  2. ↑ "Quanergy and Civil Maps Announce Integrated Solution to Power Advanced Real-Time Localization and Mapping for Self-Driving Vehicles" (in en-US). https://finance.yahoo.com/news/quanergy-civil-maps-announce-integrated-110000422.html. 
  3. ↑ "Business profile" (in en). https://www.linkedin.com/in/louayeldada/. 
  4. ↑ "Business profile" (in en). https://www.linkedin.com/in/apacala/. 
  5. ↑ "MOST INNOVATIVE COMPANIES — Quanergy". https://www.fastcompany.com/company/quanergy. 
  6. ↑ "Quanergy Systems to Feature LiDAR Sensor Technology at IAA in Frankfurt" (in en). 14 September 2015. http://www.businesswire.com/news/home/20150914006389/en/Quanergy-Systems-Feature-LiDAR-Sensor-Technology-IAA. 
  7. ↑ "Quanergy Secures Capital to Accelerate Product Portfolio Expansion; Appoints Kevin Kennedy as Quanergy CEO" (in en-US). https://quanergy.com/pressrel/quanergy-secures-capital-to-accelerate-product-portfolio-expansion-appoints-kevin-kennedy-as-quanergy-ceo/. 
  8. ↑ "Quanergy Raises $90 Million in Series B Funding" (in en). 22 August 2016. http://www.businesswire.com/news/home/20160822005278/en/Quanergy-Raises-90-Million-Series-Funding. 
  9. ↑ "Quanergy to Publicly List Through a Business Combination With CITIC Capital Acquisition Corp. to Democratize Smart LiDAR Solutions for the Automotive and IoT Markets" (in en). 22 June 2021. https://www.businesswire.com/news/home/20210622005508/en/Quanergy-to-Publicly-List-Through-a-Business-Combination-With-CITIC-Capital-Acquisition-Corp.-to-Democratize-Smart-LiDAR-Solutions-for-the-Automotive-and-IoT-Markets. 
  10. ↑ Crowe, Steve (2022-12-15). "LiDAR maker Quanergy files Chapter 11 bankruptcy" (in en-US). https://www.therobotreport.com/lidar-maker-quanergy-files-chapter-11-bankruptcy/. 
  11. ↑ "Quanergy Unveils the M1 Sensor with Highest Accuracy for Mid-Long Range Industrial Measurement Applications" (in en-US). https://quanergy.com/pressrel/quanergy-unveils-the-m1-sensor-with-highest-accuracy-for-mid-long-range-industrial-measurement-applications/. 
  12. ↑ "Quanergy Unveils Next Generation 3D LiDAR Solution for Security, Smart Space and Smart City Markets" (in en-US). https://quanergy.com/pressrel/quanergy-unveils-next-generation-3d-lidar-solution-for-security-smart-space-and-smart-city-markets/. 
  13. ↑ Emilio, Maurizio Di Paolo (2020-08-31). "EETimes - 3D LiDAR Social Distancing Solutions -". https://www.eetimes.com/3d-lidar-social-distancing-solutions/. 




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