Ouster Lidar Raises $42 Million Series B Funding to Accelerate Digital Lidar Adoption
Amount Raised
$42 Million
Round Type
Series B
San FranciscoManufacturingNatural ResourcesSoftwareArtificial IntelligenceDescription
Ouster, the leading provider of high-resolution digital lidar sensors for autonomous transportation, robotics, industrial automation, and smart infrastructure, today announced it has raised $42 million of new investment to fund product development and further accelerate worldwide sales. After launching its second generation of high-resolution lidar sensors in January, Ouster’s 12-month revenue has grown by 62%, with third quarter bookings up 209% year over year as customers adopt its sensors in key computer vision technologies.
Quick answer
Ouster raised $42 Million in a Series B round, dated September 8, 2020. Ouster is based in San Francisco, California, United States.
- How much did Ouster raise?
- Ouster raised $42 Million in a Series B round on September 8, 2020.
- What does Ouster do?
- Ouster (NYSE: OUST) is a leading provider of high-resolution digital lidar sensors for the industrial, automotive, smart infrastructure, and robotics industries.
- Where is Ouster based and how big is it?
- Ouster is based in San Francisco, California, United States. Fundz records about 300 employees.
- Who are the decision-makers at Ouster?
- Fundz holds 5 contacts at Ouster, including the Director, Talent Acquisition. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Natural Resources and Manufacturing around the same time
Companies in the same sectors as Ouster that raised within 45 days of this round, from Fundz verified event records.
- Copia Automation raised $2.2M (Seed) on August 21, 2020.
- Chevron raised an undisclosed amount on August 12, 2020.
- Trillium Gold Mines Inc. raised $113K (Pre-Seed) on October 22, 2020.
- Niricson Software raised $270K (Seed) on October 21, 2020.
- DISCO raised $60M (Funding Round) on October 15, 2020.
- LegalSifter raised $1.8M (Seed) on October 15, 2020.
Who to call at Ouster, and when
A new round usually means Ouster is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Ouster raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Ouster, from your own LinkedIn network
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Funding Insights
What this usually meansOuster raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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