Ouster Inc (OUST)

[XenaLives]

October 5, 2021
Ouster to acquire Sense Photonics to form Ouster Automotive and establish a digital lidar powerhouse

Angus Pacala
CEO and Co-founder

Ouster’s mission is to increase the safety of our world and improve quality of life by bringing affordable, high-performance digital lidar technology to multiple markets. The automotive industry specifically is at the center of the autonomous revolution. Autonomy is a paradigm shift that will bring new levels of life-saving technology to the cars we drive.

Affordable, mass-manufactured lidar sensors are one of the key enabling technologies for this progress. And commercializing lidar that can bring about that paradigm shift is the immense challenge Ouster has undertaken.

The automotive market has some of the most aggressive performance and commercial requirements: long-range and short-range, high-resolution, small form factor, extreme reliability, and high-volume manufacturability. All of these must be delivered with a unit price in the low hundreds of dollars.

This is why today, we’re proud to announce our plan to form Ouster Automotive following the close of our planned acquisition of Sense Photonics. We anticipate that this acquisition will accelerate Ouster’s solid-state digital lidar roadmap, drive our automotive growth, and cement our position as a digital lidar powerhouse.

https://ouster.com/blog/ouster-to-acquire-sense-photonics-to-form-ouster-automotive/