The combined company has an intellectual property portfolio with 173 granted and 504 pending patents and a cash balance of over $315 million.
Ouster and Velodyne predict the combined company will save at least $75 million in operating costs within the first 9 months of the transaction’s close.
Ouster announced that it is reducing its headcount by approximately 10% and spending across the business by over 15%.
Ouster, Inc. announced the release of a 3D industrial lidar sensor suite designed for high-volume material handling applications.
Ouster had its second-highest revenue quarter ever in Q2. Its revenue was driven by growth in the industrial vertical.
The partnership enables MOV.AI customers to quickly integrate Ouster LiDAR units into the AMR platform.
Ouster’s LiDAR sensors will be used in Vecna’s self-driving vehicles for high-capacity material handling operations.
The Ouster DF series offers short, mid, and long-range LiDARs that create 3D point clouds up to 200 meters away on low reflective objects.
Ouster is buying Sense Photonics to create a new division focused on low-cost, solid state automotive sensors.
Ouster shipped more than 1,460 sensors in the second quarter, which is an 342% increase year over year and a 49% increase over Q1.
Ouster and CronAI are combining their award-winning lidar sensor and platform for processing image data at the edge, respectively, for 3D perception for early customers.
Founded in 2015, Ouster has raised $140 million in funding and claims to have 800-plus customers in a variety of industries.
The new OS1-32 lidar sensor from Ouster includes a unique architecture for high-resolution images, as well as a modular cap for ease of integration.
Investments in robots, autonomous vehicles, and related systems totaled at least $1.3 billion in March 2019, down from $4.3 billion in February. On the other hand, automation companies reported $7.8 billion in mergers and acquisitions last month. While that may represent a slowdown, note that many businesses did not specify the amounts involved in their…