LiDAR startup Ouster sees infusion of $42 million for development

The company’s lasers and photodetectors are printed onto two chips employing a standard process to supply integrated circuits (known as CMOS within the industry).

LiDAR startup Ouster sees infusion of $42 million for development
LiDAR startup Ouster sees infusion of $42 million for development

LiDAR startup Ouster sees infusion of $42 million for development

LiDAR startup Ouster announced that it has raised $42 million, fresh capital which they’re going to utilize to fund development and boost their sales. Ouster believes in taking a special technological and business approach than many of its competitors.

The company’s lasers and photodetectors are printed onto two chips employing a standard process to supply integrated circuits (known as CMOS within the industry).

Ouster says this enables it to ditch the more common practice of stacking discrete components on top of every other to succeed in the specified resolution. Ouster argues that its approach leads to a less complex sensor that’s more reliable and cheaper.

TechCrunch quoted Ouster CEO Angus Pacala as sharing in a statement that Ouster’s digital lidar architecture gives them fundamental advantages that are winning over customers in every market they serve.

Ouster needs the capital to scale, as designing, manufacturing and selling lidar sensors is an upscale undertaking. To expand global sales and customer service capabilities Ouster has opened offices in Paris, Hamburg, Frankfurt, Hong Kong and Suzhou.