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Ouster to Acquire Sense Photonics

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Lidar sensor developer Ouster will acquire Sense Photonics, developer of a digital solid-state lidar sensor for automotive series production. Following the close of the acquisition, which is expected to happen in the fourth quarter of this year, Ouster will establish Ouster Automotive as a division within the company structure, focused on driving mass-market adoption of digital lidar in consumer and commercial vehicles. Ouster will purchase 100% of Sense Photonics capital stock for 9.5 million shares of Ouster common stock. Approximately 80 Sense employees are expected to join Ouster...Read full article

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    Published: October 2021
    Glossary
    lidar
    Lidar, short for light detection and ranging, is a remote sensing technology that uses laser light to measure distances and generate precise, three-dimensional information about the shape and characteristics of objects and surfaces. Lidar systems typically consist of a laser scanner, a GPS receiver, and an inertial measurement unit (IMU), all integrated into a single system. Here is how lidar works: Laser emission: A laser emits laser pulses, often in the form of rapid and repetitive laser...
    lidarBusinessautomotiveautomotive lidarautomotive sensingAmericasmergers & acquisitionsSense PhotonicsOustersolid state lidarsolid state lidarsOEMscommercialADASindustrial roboticsdigital lidarlight speed

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