A startup company called Ouster has raised $27 million in its Series A funding round, led by Cox Enterprises, a diversified company which has a very large automotive business unit.
Ouster is a developer of light detection and radar systems, or lidar, which is said to be a critical component in many new technologies, including autonomous cars. A lidar unit can often be seen on top of self-driving cars, and looks a bit like a siren light.
Ouster’s new product is called OS1 Lidar, which is likely to find wide application as a perception technology for the autonomous vehicle and robotics sectors. [Read more…] about Lidar developer Ouster backed by Cox Enterprises raises $27 million