Lidar developer Ouster agrees to buy Sense Photonics as it takes aim at the auto industry
https://techcrunch.com/2021/10/05/lidar-developer-ouster-agrees-to-buy-sense-photonics-as-it-takes-aim-at-the-auto-industry/
Ouster, a lidar company that went public this year via a SPAC merger, said it would acquire solid-state lidar startup Sense Photonics in an all-stock deal that was valued at around $68 million at close of markets on Monday.
Once the acquisition is complete, Ouster said it would establish a new business arm, Ouster Automotive, which will be headed by Sense CEO Shauna McIntyre. That business will integrate Sense’s 200-meter range solid-state lidar into a new lidar suite. San Francisco-based Sense’s claim to fame is also its improved field of view, as TechCrunch’s Devin Coldewey explained.