Ouster | Latest News & Updates - Nov 15, 2024 Release

Ouster's BlueCity, in partnership with ATS Traffic and Advanced Government Services, secured a spot in the City of Bellevue SMART Grant as the only lidar solution selected for multimodal detection and analytics...


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Ouster

🌎 ouster.com

Ouster is a leading global provider of high-resolution scanning and solid-state digital lidar sensors, as well as software solutions for various industries including automotive, industrial, robotics, and smart infrastructure. The company aims to build a safer and more sustainable future by offering affordable, high-performance sensors that drive mass adoption across a wide variety of applications. Headquartered in San Francisco, California, Ouster supports over 850 customers in more than 50 countries.


Ouster - Latest News and Updates

  • Ouster's BlueCity, in partnership with ATS Traffic and Advanced Government Services, secured a spot in the City of Bellevue SMART Grant as the only lidar solution selected for multimodal detection and analytics.
  • Ouster's OS1 Mid-Range High-Resolution Imaging LiDAR now features the new REV7 sensor with the L3 Digital LiDAR Chip, fabricated by STMicroelectronics.
  • Ouster's REV7 lidar is used in new AI-driven robots equipped with Nvidia's Jetson Orin module to enhance navigation and performance.
  • Ouster reorganized its board of directors, appointing Christina Correia and Stephen Skaggs as new members, and adopted a new executive severance plan for key executives including CEO Angus Pacala.
  • Ouster reshuffled its Board of Directors, appointing Christina Correia and Stephen Skaggs as new members, and adopted a new Executive Change in Control and Severance Plan for key executives including CEO Angus Pacala.
  • Steve Skaggs has joined Ouster as Director & Compensation Committee Member in the United States, previously holding a position at another company.
  • Ouster's Gemini lidar platform is being used by ITK Engineering to enhance logistics by accurately detecting and tracking vehicles and people.
  • Ouster reported record third-quarter 2024 revenue of $28 million with a GAAP gross margin of 38% and a non-GAAP gross margin of 45%, while achieving significant software sales growth and repaying its revolving credit line.
  • Ouster showcased its ITS solutions with 3D lidars at the Smart City Expo World Congress, collaborating with partners like LASE PeCO Systemtechnik GmbH, Fly4Future, and Applus+ IDIADA.
  • Ottonomy uses Ouster LiDAR and Intel RealSense cameras in their robots for advanced environmental mapping.

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