Ouster has bought the Congruent Ventures-backed lidar technology developer and will restructure the business as a wholly-owned subsidiary called Ouster Automotive.
Sense Photonics, a US-based developer of lidar technology that offers an ultra-wide field of view, has agreed to an acquisition by lidar system producer Ouster, offering an exit to University of California-aligned Congruent Ventures.
Ouster will pay 9.5 million shares, worth – on the morning of the announcement – nearly $71.3m.
Following the deal’s completion, expected in the fourth quarter of this year, Sense Photonics will be restructured into a wholly-owned subsidiary called Ouster Automotive. It will be led by…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
