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...
Brought to you by RivalSense - an AI tool for monitoring any company.
RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡
Ouster
🌎 ouster.comOuster 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.
Sign up to receive regular updates
If you liked the insights, consider following your own companies of interest. Receive weekly insights directly to your inbox using RivalSense.