Ouster, a startup developer of high-resolution lidar sensors used for autonomous vehicles, robotics, and mapping, has added more than $60 million in additional funding. 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, and the appointment of Susan Heystee to its board of directors.
Ouster’s multi-beam flash lidar technology can be used for many applications. Ouster now counts more than 400 customers representing industries from autonomous vehicles to industrial robotics, agriculture, mapping, defense, and drones.
With its all-semiconductor approach to lidar, its 3D sensors are smaller, lighter, more durable, and less expensive than other solutions, the commpany says.
After announcing $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 rapid pace of technology development. The additional $60M in equity and debt funding includes investments from Runway Growth Capital and Silicon Valley Bank, as well as additional funding from Series A participants Cox Enterprises, Constellation Tech Ventures, Fontinalis Partners, Carthona, and others.
The additional investment has helped to develop Ouster’s product lines, including the launch of the OS-1-128 lidar sensor, and fund the expansion of its production facilities.