Ouster Lidar Raises $42 Million Series B Funding to Accelerate Digital Lidar Adoption
09/08/20, 12:03 PM
Location
san franciscoMoney raised
$42 million
Round Type
series b
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.
Company Info
Company
Ouster
Location
san francisco, california, united states
Additional Info
Ouster builds high-resolution lidar sensors for the transportation, robotics, industrial automation, and smart infrastructure industries. Using its unique digital lidar architecture, Ouster’s sensors are reliable, compact and affordable, while delivering camera-like image quality. Since its founding in 2015, Ouster has secured over 800 customers and $140 million in funding. Ouster is headquartered in San Francisco and led by CEO Angus Pacala and CTO Mark Frichtl. Learn more at ouster.com.