Ouster, a San Francisco, CA-based provider of high-resolution lidar sensors used for autonomous vehicles, robotics, and mapping, raised over $60m in equity and debt funding.
Backers included 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 company intends to use the funds to accelerate its expansion into new industries and geographic markets and rapid pace of technology development.
Led by CEO Angus Pacala, is a provider of high-resolution lidar sensors used for autonomous vehicles, robotics, and mapping. In addition to the funding, the company opened a new manufacturing facility currently producing hundreds of sensors per month and capable of producing thousands of lidar sensors per month, and appointed Susan Heystee to its board of directors. Heystee most recently served as Senior Vice President of Verizon’s Global Automotive business. Prior to joining Verizon, she was the Executive Vice President of Sales at Telogis, a global enterprise software-as-a-service (SaaS) company providing location technology solutions for fleet and mobile workforce management. Under her leadership, Telogis grew to one of the dominant players in the connected vehicle/smart mobility market, resulting in its acquisition by Verizon Communications in August 2016.
Ouster has over 100 employees and 400+ customers in 15 industries from autonomous vehicles to industrial robotics, agriculture, mapping, defense, and drones.