Mentioned:
OUST -5.83% NVDA +3.34%

Ouster has just raised a fresh round of funding. And they’re aiming to use it to be on the leading edge of lidar technology in robots and autonomous vehicles.

What’s happening:

  • Ouster (NASDAQ: OUST) has successfully completed a $200M USD equity financing round

By the numbers:‍

  • Ouster issued roughly 3.6M common shares at a price of $55.22 USD per share as part of the new financing round

Why it matters:‍

  • Ouster is one of the most advanced publicly traded companies in North America solely focused on lidar technology and builds both sensors and software that is installed into autonomous vehicles and robots

Going deeper:‍

  • Ouster has publicly stated they will use the new growth capital to scale up production and deployments of their Rev8 colour lidar technology
  • Jeff Bezos and Nvidia (NASDAQ: NVDA) backed Field AI just recently struck a deal with Ouster to use their Rev8 colour lidar in their industrial robots to provide them with high-resolution, 3D vision for safely navigating and working in construction, mining and energy facilities

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