Quanergy Systems Valuation, Funding & Investors

Quanergy Systems is valued at $1.6B as of August 2016.

Last Quanergy Systems valuation

$1.6B

Series B · Aug 2016

Last Quanergy Systems funding round

$90M

Series B · Aug 2016

Cumulative funding Quanergy Systems raised

$135M

across 4 funding rounds

Key investors in Quanergy Systems

  • Samsung Ventures
  • Motus Ventures
  • Aptiv
  • Rockpool Capital
  • Wardenclyffe Partners
  • TSVC

Quanergy Systems Overview

About Quanergy Systems

Quanergy Systems is a San Jose-headquartered designer of 3D LiDAR sensors for automotive ADAS, industrial automation, and physical security. The company's S3 solid-state sensors deliver 1.3 million points per second with 120-degree FOV for object detection up to 300 meters. Deployed by 400 customers including Volvo and John Deere, Quanergy partners with 50 integrators globally. Founded in 2012, it emerged from Chapter 11 in 2023 to focus on smart sensing markets.


Founded

2012

HQ

United StatesSan Jose, CA

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$1.6B (Aug 2016)

Quanergy Systems Valuation

Quanergy Systems is currently valued at $1.6B, based on its Series B in August 2016.

The $90M round included Sensata Technologies, GP Capital, Samsung Ventures, Rockpool Capital, Aptiv and 3 other investors.

Quanergy Systems valuation by funding round

Quanergy Systems valuation by funding round
DateStageValuation
Aug 2016Series B$1.6B

Quanergy Systems Funding History

Quanergy Systems has raised a total of $135M across 4 funding rounds.

Quanergy Systems' first fundraising round was a $800K seed round in December 2013. The most recent completed round was a $90M Series B in August 2016.

Quanergy Systems funding rounds

Quanergy Systems funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2016Series BSensata Technologies; GP Capital; Samsung Ventures; Rockpool Capital; Aptiv; VPG Asia; Reshape Ventures; Motus Ventures$90M$1.6BQuanergy Systems is a lidar sensor company that develops 3D lidar solutions for automotive, industrial, and security applications. The company raised a total of $183.76M across 17 funding rounds. The August 2016 round involved Aptiv, GP Capital, Motus Ventures, Reshape, Rockpool Capital, Samsung Ventures, Sensata Technologies, and VPG Asia. A later valuation of $1,400M is noted in February 2021. Quanergy acquired Raytheon - OTUS People Tracker Software in August 2016, around the same time as the funding, indicating expansion in tracking technology. Revenue figures from public periods show $3.92M in 2021 and TTM $6.38M as of recent reports. The company went public via SPAC merger in February 2022 and later underwent an asset sale in February 2023.
Dec 2014Series ARising Tide (lead); Daimler Trucks North America; Samsung Ventures; Wardenclyffe Partners; Aptiv; Wicklow Capital; Motus Ventures$40M-Quanergy Systems is a Silicon Valley-based technology company specializing in LiDAR (light detection and ranging) sensors and 3D perception software solutions, primarily for automotive, security, and industrial applications. Founded in 2012 and headquartered in Sunnyvale, California, the company develops solid-state LiDAR technology for applications in autonomous vehicles, physical security, smart spaces, and automation. On December 19, 2014, Quanergy raised $30 million in an A round led by Rising Tide Fund. Earlier in 2014, the company had smaller rounds including $3.5M on March 14 and $1.0M on May 23. Investors across rounds included Motus Ventures, with total funding accumulating to approximately $135.3M across multiple rounds by later years. Subsequent developments included a $90M Series B in August 2016 and additional rounds, culminating in a Chapter 11 bankruptcy sale in February 2023 to investors including former board member Tamer Hassanein, after which Quanergy refocused on physical security and industrial markets. The company went public via SPAC merger in February 2022 but faced challenges in the competitive LiDAR sector for autonomous driving and security.
May 2014SeedMotus Ventures (lead); Samsung Ventures; Wardenclyffe Partners; Newbury Ventures; TSVC$5M--
Dec 2013SeedRockpool Capital$800K--

Who has invested in Quanergy Systems?

14 investors have backed Quanergy Systems across its funding rounds, including Samsung Ventures, Motus Ventures, Aptiv, Rockpool Capital, Wardenclyffe Partners and TSVC.

Lead investors include Rising Tide and Motus Ventures.


Quanergy Systems Investors

Investors in Quanergy Systems by funding rounds participated
InvestorHQRoundsRoleFirst check
Samsung VenturesSouth KoreaSouth Korea3ParticipantMay 2014
Motus VenturesUnited StatesSan Francisco, CA3LeadMay 2014
Rockpool CapitalHong KongHong Kong2ParticipantDec 2013
Wardenclyffe PartnersUnited StatesDover, DE2ParticipantMay 2014
AptivUnited StatesDublin2ParticipantDec 2014
Sensata TechnologiesUnited StatesUnited States1ParticipantAug 2016
GP CapitalChinaShanghai1ParticipantAug 2016
Daimler Trucks North AmericaUnited StatesPortland, OR1ParticipantDec 2014
Wicklow CapitalUnited StatesChicago, IL1ParticipantDec 2014
Newbury VenturesUnited StatesSan Francisco, CA1ParticipantMay 2014
VPG AsiaHong KongHong Kong1ParticipantAug 2016
TSVCUnited StatesSan Francisco, CA1ParticipantMay 2014

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Quanergy Systems Competitors

Quanergy Systems competitors include listed companies like Aeva, Hesai Technology, Kodiak AI and Robosense, and private ones like Vayyar and XAG.

Public and private companies comparable to Quanergy Systems
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AevaUnited StatesUnited StatesPublicly listed$18M($139M)$1.1B35.6x
Hesai TechnologyChinaChinaPublicly listed$451M$71M$2.7B3.1x
Kodiak AIUnited StatesUnited StatesPublicly listed$4M($577M)$768M98.7x
VayyarIsraelYehudPrivate$71M-$1.5B21.1x
RobosenseChinaChinaPublicly listed$289M($19M)$955M1.6x
XAGChinaGuangzhouPrivate$87M-$851M9.8x

Quanergy Systems Public Comps

Quanergy Systems is still privately-owned, but its public comps include KPIT Technologies, Googol Technology, Zen Technologies, CTS Corp., HL Mando, ROKAE Robotics, Allient, Ennoconn, Harbin Boshi Automation and Willfar.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
KPIT Technologies$673M$128M2.3x2.2x11.8x11.3x
Googol Technology$82M$14M18.9x18.9x111.1x91.4x
Zen Technologies$72M$27M21.0x15.5x56.2x42.4x
CTS Corp.$541M$120M3.0x2.9x13.5x12.4x
HL Mando$6.9B$486M0.4x0.4x5.7x5.0x
ROKAE Robotics$78M($7M)20.7x-(221.3x)-
Allient$554M$67M3.3x3.1x27.4x22.4x
Ennoconn$4.5B$475M0.7x0.6x6.9x6.5x

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Common questions about Quanergy Systems

When was Quanergy Systems founded?Quanergy Systems was founded in 2012.
Where is Quanergy Systems headquartered?Quanergy Systems is headquartered in San Jose, CA, United States.
Is Quanergy Systems publicly listed?No, Quanergy Systems is a private, VC-backed company.
What is Quanergy Systems' valuation?Quanergy Systems was last valued at $1.6B in its Series B in August 2016.
How much funding has Quanergy Systems raised?Quanergy Systems has raised $135M across 4 funding rounds.
What was Quanergy Systems' last funding round?Quanergy Systems' last funding round was a $90M Series B in August 2016.
Who are Quanergy Systems' investors?Quanergy Systems' investors include Samsung Ventures, Motus Ventures, Rockpool Capital, Wardenclyffe Partners, Aptiv, Sensata Technologies, GP Capital, Daimler Trucks North America, Wicklow Capital, Newbury Ventures and 4 others.
Which companies are comparable to Quanergy Systems?Companies comparable to Quanergy Systems include Aeva, Hesai Technology, Kodiak AI, Vayyar, Robosense and XAG.

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