Tuesday, March 26, 2019

Ouster Adds $60M For Lidar Sensors

San Francisco-based Ouster, which develops high-resolution, lidar sensors used in the autnomous vehicle market, has raised $60M more in funding, the company said on Monday afternoon. Ouster said the funding--which included both equity and debt funding--came from Runway Growth Capital and Silicon Valley Bank, as well as additional funding from Series A participants Cox Enterprises, Constellation Tech Ventures, Fontinalis Partners, Carthona, and others. The company did not say how much of that funding round was equity, and how much was debt. As part of the funding, the company has appointed Susan Heystee to its board of directors. Heystee was most recently Senior Vice President of Verizon's Global Automotive business, and also served at Telogis before its acquisition by Verizon in 2016.