Lidar developer Ouster agrees to buy Sense Photonics as it takes aim at the auto industry

Lidar developer Ouster agrees to buy Sense Photonics as it takes aim at the auto industry

3 years ago
Anonymous $BH0TGXkyPe

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.

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