Quanergy is a developer of LiDAR sensors and smart 3D perception software for security, smart spaces, industrial automation, and mobility applications. The original Quanergy Systems was founded in 2012 in Sunnyvale, California, by Louay Eldada and co-founders, pioneering CMOS-based optical phased array (OPA) solid-state LiDAR. After raising more than $160M across multiple venture rounds (including a 2018 Series C at a >$2B valuation), the company went public in February 2022 via a reverse merger with CITIC Capital Acquisition Corp. (NYSE: QNGY) at an enterprise value around $1.1B. Less than a year after listing, Quanergy filed for Chapter 11 bankruptcy in December 2022; in February 2023 a Bankruptcy Court-approved 363 sale transferred substantially all assets and the Quanergy brand to a new entity, Quanergy Solutions, Inc., led by former board member Tamer Hassanein. The reorganized Quanergy Solutions continues to sell M-, Q-, and MQ-Series LiDAR sensors and the QORTEX perception platform.
Quanergy has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2012
Employees
51–200
Total Funding
$220M
5 rounds
Latest Valuation
$1B
Feb 1, 2022
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $220M across 5 rounds
Last updated 06-25-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Feb 2022 | SPAC merger (CITIC Capital Acquisition Corp) Axios | $50M | $1B | CITIC Capital Acquisition Corp |
| Nov 2018 | Series C | $45.5M | $2B | Not disclosed |
| Aug 2016 | Series B | $90M | $1.1B | Sensata Technologies |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series B
$1.1B
Aug 2016
Quanergy today
$1B
Feb 2022 · latest mark
Quanergy multiple
0.9x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Tamer Hassanein
Chairman and Co-Founder, Quanergy Solutions
Enzo Signore
Chief Executive Officer (Quanergy Solutions)
Louay Eldada
Co-Founder and former CEO (Quanergy Systems)
Kevin J. Kennedy
Former CEO (Quanergy Systems, 2020-2022)
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Hesai Group
Shanghai-based LiDAR maker; first Chinese LiDAR firm to list publicly in the US (Nasdaq: HSAI), raising $190M in 2023.
Ouster
US LiDAR sensor manufacturer (Nasdaq: OUST) that merged with Velodyne Lidar in February 2023.
Luminar Technologies
Orlando-based developer of long-range automotive LiDAR (Nasdaq: LAZR), focused on ADAS and autonomous driving programs.
Innoviz Technologies
Israeli LiDAR maker (Nasdaq: INVZ) supplying solid-state LiDAR to BMW, Volkswagen and other automakers.
AEye
California-based maker of adaptive LiDAR systems for automotive and industrial applications (Nasdaq: LIDR).
RoboSense
Shenzhen-based LiDAR maker supplying smart-driving and robotics customers globally (HKEX: 2498).
Access live market data
Sign UpData collected with AI, which can make mistakes. Please double-check this information.