# Quanergy Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/quanergy-systems

- Industry: Software
- Headquarters: Sunnyvale, US
- Website: www.quanergy.com
- Total disclosed funding: $123M
- Latest round: Series B (Mar 4, 2016)
- Investors on record: 11

## About

Founded in 2012 by CEO Louay Eldada and Tianyue YU, and based in California, US, Quanergy Systems, Inc. develops LiDAR (light detection and ranging) technology solutions that provide automation services in transportation, security, agriculture, mining, and archaeology industries. LiDAR is a sensing technology that pulses low-power, eye-safe lasers to generate a 3D point cloud image used to identify, classify, and track moving objects. In 2021, Quanergy merged with CITIC Capital Acquisition Corp valued at PIPE funding of USD 40 million. As of 2021, the company serves 350 customers with 40 partnerships globally. 

The company is a provider of a 3D AI-powered LiDAR Flow Management™ platform and its product portfolio includes hardware sensors such as 3D mechanical LiDAR and solid-state LiDAR and perception software. Quanergy’s flow management platform consists of two products: M series with QORTEX DTC™ (Detect, Track, Classify) and S3-2 with QORTEX™ People Counter.
 
Quanergy’s 2D and 3D LiDAR solutions apply to mapping, security, smart cities, social distancing, industrial automation such as port and terminal automation, material handling and logistics, railway and roadway, and agriculture, construction, and mining as well as for transportation such as autonomous vehicles, Robo-taxi, shuttle, and ADAS among others. 

For the year ended 2021, the company recorded revenue of USD 20.42 million. 

Post the closure of the business combination, the company plans to list on the NYSE under the ticker symbol, QNGY and rebrand the combined company as Quanery Sytems Inc. The company plans on utilizing the proceeds raised from the business combination to further advance Quanergy’s growth strategy, accelerate research and development, fund working capital, and for other corporate purposes.

## Funding rounds

- Series B, Mar 4, 2016, $90M — GP Capital, Sensata Technologies, Inc., Delphi Corp., Samsung Venture Investment, Motus Ventures, Studio VC
- Series A, Nov 7, 2014, $30M — Rising Tide, Motus Ventures, Wicklow Capital, Wardenclyffe Partners
- Seed, Mar 12, 2014, $2.7M — Samsung Venture Investment, Tesla, Inc., TSVC, Motus Ventures
- Seed, Nov 20, 2013, $0.8M — Rising Tide, Motus Ventures, Wardenclyffe Partners

## Investors

- Rising Tide — Seed, Series A
- Motus Ventures (https://capitalatlas.ai/funds/motus-ventures) — Seed, Series A, Series B
- Wardenclyffe Partners — Seed, Series A
- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Seed, Series B
- Tesla, Inc. — Seed
- TSVC (https://capitalatlas.ai/funds/tsvc) — Seed
- Wicklow Capital — Series A
- GP Capital (https://capitalatlas.ai/funds/gp-capital) — Series B
- Sensata Technologies, Inc. — Series B
- Delphi Corp. — Series B
- Studio VC (https://capitalatlas.ai/funds/studio-vc) — Series B