Tuesday, December 12, 2017

Ouster Picks Up $27M

San Francisco-based Ouster, a developer of LIDAR technology, said today that it has raised $27M in a Series A funding round. The round was led by Cox Enterprises, and also included Fontinalis Partners, Amity Ventures, Constellation Technology Ventures, Tao Capital Partners and Carthona Capital. The company claims its automotive LIDAR is available at a price point approximately 85 percent that of its competition. Ouster was co-founded by CEO Angusu Pacala (formerly of Quantery Systems) and CTO Mark Frichtl (formerly Quanery, Palantir Technologies, First Solar, and Apple). As part of the funding, the company said David Blau, VP of Corporate Strategy and Investments at Cox Enterprises, will join the company's board.