- General
- September 8, 2020
- 2 minutes read
Ouster Nabs $42 Million Series B
Photo credit: Ouster Ouster, a San Francisco-based lidar upstart, has raised $42 million in Series B funding from investors including…
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| Photo credit: Ouster |
Ouster, a San Francisco-based lidar upstart, has raised $42 million in Series B funding from investors including Cox Automotive, Tao Capital Partners, and Fontinalis Partners. The new funding adds up the total amount that Ouster has raised since its inception to $140 million. Ouster says its annual revenue is up by 62% and that its bookings in the third quarter of this year are up 209% year-over-year. The company now has more than 800 customers, to name a few, Postmates, May Mobility, Ike, NASA, the U.S. Army, and MIT.
Ouster will use the new funding to further its operations. In response to global demand, the San Francisco-based company has also opened offices in the cities of Paris, Hamburg, Frankfurt, Hong Kong, and Suzhou, China.
Ouster was founded five years ago.
