Ouster Lidar Raises $42 Million Series B Funding to Accelerate Digital Lidar Adoption

Ouster, the leading provider of high-resolution digital lidar sensors for autonomous transportation, robotics, industrial automation, and smart infrastructure, today announced it has raised $42 million of new investment to fund product development and further accelerate worldwide sales. After launching its second generation of high-resolution lidar sensors in January, Ouster’s 12-month revenue has grown by 62%, with third quarter bookings up 209% year over year as customers adopt its sensors in key computer vision technologies.