Ouster announces £45m funding boost in “significant” business milestone

ouster

Ouster, a provider of high-resolution lidar sensors, has revealed a number of business milestones including the addition of over £45m ($60m) in funding and a roster of 400 customers.

After announcing £25m ($27M) in Series A capital in December of 2017, Ouster has worked with existing investors and new backers to secure additional funding to accelerate its expansion into new industries and geographic markets and support its rapid pace of technology development.

Ouster also now counts over 400 customers representing industries from autonomous vehicles to industrial robotics, agriculture, mapping, defence, and drones.

Story continues below
Advertisement

Alongside this, the company also announced the opening of a new manufacturing facility currently producing hundreds of sensors per month and capable of producing thousands of lidar sensors per month.

The facility in San Francisco includes space for nearly 100 manufacturing staff, reliability and quality assurance equipment, and sensor calibration that is included with every sensor.

The manufacturing facility will have the capacity to assemble, calibrate, and ship several thousand sensors per month toward the end of 2019.

Additionally, Ouster has appointed Susan Heystee to its board of directors, who will contribute to corporate governance and guide sales and marketing strategy.

Heystee said: “I’m thankful for the opportunity to share my expertise and skills with the leading lidar company poised for growth and one highly focused on bringing 3D sensing to the masses.

“I look forward to working with Ouster’s talented management team to extend the company’s market leadership.”

Ouster CEO Angus Pacala, said: “The momentum we’re seeing in our business is driven by the demand we’re seeing in the market for customers wanting to push the performance frontier.

“It’s amazing that just a year ago we could count our customers on one hand, and now over 400 engineering teams around the world are using Ouster’s sensors to build new industries and re-shape old ones.

Tags : Drone lidarLiDARLidar USAOuster
Carly Hacon

The author Carly Hacon

Leave a Response