The Robot Report

  • Home
  • News
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors
    • Soft Robotics
    • Software / Simulation
  • Development
    • Artificial Intelligence
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
    • Research
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Humanoids
    • Industrial
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Business
    • Financial
      • Investments
      • Mergers & Acquisitions
      • Earnings
    • Markets
      • Agriculture
      • Healthcare
      • Logistics
      • Manufacturing
      • Mining
      • Security
    • RBR50
      • RBR50 Winners 2025
      • RBR50 Winners 2024
      • RBR50 Winners 2023
      • RBR50 Winners 2022
      • RBR50 Winners 2021
  • Resources
    • Automated Warehouse Research Reports
    • Digital Issues
    • eBooks
    • Publications
      • Automated Warehouse
      • Collaborative Robotics Trends
    • Search Robotics Database
    • Videos
    • Webinars / Digital Events
  • Events
    • RoboBusiness
    • Robotics Summit & Expo
    • DeviceTalks
    • R&D 100
    • Robotics Weeks
  • Podcast
    • Episodes
  • Advertise
  • Subscribe

LiDAR makers Ouster, Velodyne complete merger

By Brianna Wessling | February 15, 2023

https://www.therobotreport.com/wp-content/uploads/2023/02/Merger_w_logos.mp4

Ouster and Velodyne have completed their merger. The combined company will operate under the name Ouster and will trade on the New York Stock Exchange under the ticker “OUST.” 

Velodyne ceased trading on the NASDAQ after markets closed on the day the merger was completed. Each Velodyne share was exchanged for .8204 shares of Ouster common stock. 

The combined company has over 850 customers spanning the automotive, industrial, robotics and smart infrastructure industries. Ouster expects to retain about 350 employees and will be headquartered in San Francisco, with other key offices in the Americas, Europe and Asia-Pacific. 

“We’re thrilled to have completed the merger with Velodyne so quickly, further boosting our financial position and our ability to accelerate LiDAR adoption,” Angus Pacala, CEO of Ouster, said. “Together, we have an even stronger team backed by a healthy balance sheet, new channel partners, and a wide selection of positive-margin products to serve a diverse set of customers and win more deals than ever before. We expect our innovative digital LiDAR roadmap, amplified by exciting new software solutions, to further expand our serviceable market and catalyze growth across the business.”


Robotics Summit (May 10-11) returns to Boston

Register Today


Ouster now has an intellectual property portfolio with 173 granted and 504 pending patents. The combined company has a cash balance of over $315 million as of December 31, 2022. Ouster is on track to exceed its estimation that the combined company will save at least $75 million in operating costs within the first 9 months of the transaction’s close.

“The combined Ouster is stronger than ever, led by an esteemed executive leadership team and Board with deep company, industry, and financial expertise,” Dr. Ted Tewksbury, executive chair of Ouster’s Board of Directors, said. “Ouster is well positioned as a global leader in LiDAR backed by the talent, products, and technology roadmap to make performant and affordable LiDAR solutions pervasive while accelerating time to profitability and enhancing value for stockholders.”

The combined company’s executive leadership team is made up of:

  • Angus Pacala, chief executive officer
  • Mark Frichtl, chief technology officer
  • Mark Weinswig, chief financial officer
  • Darien Spencer, chief operations officer
  • Nate Dickerman, president of field operations
  • Megan Chung, general counsel

About The Author

Brianna Wessling

Brianna Wessling is an Associate Editor, Robotics, WTWH Media. She joined WTWH Media in November 2021, after graduating from the University of Kansas with degrees in Journalism and English. She covers a wide range of robotics topics, but specializes in women in robotics, autonomous vehicles, and space robotics.

She can be reached at bwessling@wtwhmedia.com

Tell Us What You Think! Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles Read More >

Headshots of charlie kemp and jan zizka, developer of Brightpick's Giraffe, with podcast logo.
Reaching new heights: How Brightpick’s Giraffe can lift warehouse efficiency
A Lucid, Nuro, Uber vehicle.
Lucid, Nuro, Uber team up on global robotaxi fleet
Waymo picking up riders in San Francisco.
Waymo reaches 100M fully autonomous miles across all deployments
The Loomia Smart Skin Developer Kit can help roboticists test flexible tactile sensing, as shown here with robotic hands.
Loomia Smart Skin Developer Kit to help give humanoid robots a sense of touch

RBR50 Innovation Awards

“rr
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for Robotics Professionals.
The Robot Report Listing Database

Latest Episode of The Robot Report Podcast

Automated Warehouse Research Reports

Sponsored Content

  • How to Set Up a Planetary Gear Motion with SOLIDWORKS
  • Sager Electronics and its partners, logos shown here, will exhibit at the 2025 Robotics Summit & Expo. Sager Electronics to exhibit at the Robotics Summit & Expo
  • The Shift in Robotics: How Visual Perception is Separating Winners from the Pack
  • An AutoStore automated storage and retrieval grid. Webinar to provide automated storage and retrieval adoption advice
  • Smaller, tougher devices for evolving demands
The Robot Report
  • Automated Warehouse
  • RoboBusiness Event
  • Robotics Summit & Expo
  • About The Robot Report
  • Subscribe
  • Contact Us

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search The Robot Report

  • Home
  • News
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors
    • Soft Robotics
    • Software / Simulation
  • Development
    • Artificial Intelligence
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
    • Research
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Humanoids
    • Industrial
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Business
    • Financial
      • Investments
      • Mergers & Acquisitions
      • Earnings
    • Markets
      • Agriculture
      • Healthcare
      • Logistics
      • Manufacturing
      • Mining
      • Security
    • RBR50
      • RBR50 Winners 2025
      • RBR50 Winners 2024
      • RBR50 Winners 2023
      • RBR50 Winners 2022
      • RBR50 Winners 2021
  • Resources
    • Automated Warehouse Research Reports
    • Digital Issues
    • eBooks
    • Publications
      • Automated Warehouse
      • Collaborative Robotics Trends
    • Search Robotics Database
    • Videos
    • Webinars / Digital Events
  • Events
    • RoboBusiness
    • Robotics Summit & Expo
    • DeviceTalks
    • R&D 100
    • Robotics Weeks
  • Podcast
    • Episodes
  • Advertise
  • Subscribe