Ouster Detects $60 Million

SAN FRANCISCO — Ouster, a provider of high-resolution lidar sensors used for autonomous vehicles, robotics, and mapping announced it has a roster of over 400 customers and the addition of over $60 million in 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 now counts over 400 customers representing industries from autonomous vehicles to industrial robotics, agriculture, mapping, defense, and drones. With its all-semiconductor approach to lidar, the company says its 3D sensors are smaller, lighter, more durable, and less expensive than other solutions.

After announcing $27 million in Series A capital in December of 2017, Ouster has landed an additional $60 million in equity and debt funding 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.

Ouster is also celebrating the grand opening of its new manufacturing center at its headquarters in San Francisco. The facility includes space for nearly a hundred manufacturing staff, reliability and quality assurance equipment, and sensor calibration that is included with every sensor. The manufacturing facility will have the capacity to assemble, calibrate, and ship several thousand sensors per month toward the end of 2019.

Launched in late 2017, Ouster now has over 100 employees. The company expects to double its headcount again this year.

“The momentum we’re seeing in our business is driven by the demand we’re seeing in the market for customers wanting to push the performance frontier. It’s amazing that just a year ago we could count our customers on one hand, and now over 400 engineering teams around the world are using Ouster’s sensors to build new industries and re-shape old ones,” said Ouster CEO Angus Pacala. “It’s humbling to know that this demand exists – it motivates us every day to deliver for our customers.”