Lidar stocks hit rough road on news of yet another going public via SPAC - Silicon Valley Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
What high-tech features will Subaru vehicles like the 2021 Outback come with in the future? Ouster Inc, a U.S. startup that makes LiDAR sensors for self-driving cars, tests the new technology on an Outback wagon. According to Reuters latest report, a deal with Velodyne LiDAR Inc, Luminar, Innoviz, and Aeva make San Francisco-based Ouster worth $1.9 billion.
The report reveals the Outback outfitted with Ouster s LiDAR is used in scanning the area on self-driving vehicles. The San Francisco company has been testing the Subaru vehicle since September 2019.
Subaru has its LiDAR (Light Detection and Ranging) system it s already using on its next-generation EyeSight X driver-assist technology. LiDAR sensors use laser light pulses to render precise images of the environment around the car. Subaru and other automakers see the technology as essential to allow higher driver assistance levels right up to making them capable of self-driving.
Ouster, Maker Of Self-Driving Tech, Agrees $1.9 Billion Deal To Go Public
Ouster sees its digital lidar technology as having practical applications beyond autonomous vehicles and extending to areas such as drones, smart cities and robotics, according to company co-founder and Chief Executive Angus Pacala. By Reuters | Published:
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Ouster sees its digital lidar technology as having practical applications beyond autonomous vehicles.
Ouster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, said on Tuesday it has agreed to go public through a merger with special purpose acquisition company (SPAC) Colonnade Acquisition Corp.The deal values San Francisco-based Ouster at around $1.9 billion and makes it the fifth lidar manufacturer this year to agree a SPAC merger to go pub
Ouster going public in SPAC deal, with goal to put lidar on every vehicle on Earth autoblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoblog.com Daily Mail and Mail on Sunday newspapers.
Ouster, maker of self-driving tech, agrees US$1.9 billion deal to go public Toggle share menu
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Ouster, maker of self-driving tech, agrees US$1.9 billion deal to go public Ouster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, said on Tuesday it has agreed to go public through a merger with special purpose acquisition company (SPAC) Colonnade Acquisition Corp.
FILE PHOTO: A car outfitted with Ouster s lidar, used in scanning the area on a self-driving vehicle, is parked at the technology company s office in San Francisco, California, U.S., September 5, 2019. Picture taken September 5, 2019. REUTERS/Jane Lanhee Lee