Wednesday, March 27, 2019

Ouster Reports 400 Customers, Raises $60M

PRNewswire: LiDAR startup Ouster announces it has a roster of over 400 customers and the addition of over $60M in funding. The company also opens of a new manufacturing facility in San Francisco producing hundreds of LiDARs per month and capable of producing thousands of LiDARs per month toward the end of 2019. Transparent pricing and short 2-3 week lead times for sensor delivery are claimed to help the company stand out in a crowded market.

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.

Since Ouster launched in late 2017, the company has announced 4 LiDARs with resolutions from 16 to 128 channels, as well as two product lines: the OS-1 and OS-2. What started as a 4-person team working in a tiny warehouse three years ago has grown to over 100 full-time employees across engineering, operations, business development, and marketing. The company expects to nearly double its headcount in the coming year to support further product line development and meet the global demand for its high-resolution LiDARs.

Update: In comparison, Velodyne claims "only" 250 customers so far.

No comments:

Post a Comment

All comments are moderated to avoid spam and personal attacks.