Ouster, a San Francisco, CA-based developer of high performance LIDAR technology, raised $27m in Series A funding.
The round was led by Cox Enterprises with participation from Fontinalis Partners, Amity Ventures, Constellation Technology Ventures, Tao Capital Partners, and Carthona Capital. In conjunction with the funding, David Blau, VP of Corporate Strategy and Investments at Cox Enterprises, will join the Ouster Board.
The company intends to use the funds for the manufacturing and the continued development of its next sensor designs and for expansion from approximately 40 employees today to 100 employees by summer 2018.
Founded by CEO Angus Pacala, and CTO Mark Frichtl, Ouster is a developer of LIDAR and perception technology for the autonomous vehicle and robotics sectors. The company’s flagship product, the OS1, aims to make improvements in mass, form factor, and power requirements.
The 64-channel LIDAR sensor, which also matches the resolution of the highest performing automotive LIDAR technology on the market today, has begun shipping to customers, and is ramping up commercial-scale production.