Ouster To Acquire Sense Photonics
Company to form new division called Ouster Automotive focused on mass-market adoption of digital lidar in vehicles
Lidar developer Ouster has signed an agreement to acquire Sense Photonics, which has developed a 940nm VCSEL-based lidar sensor for automotive applications.
Following the acquisition, Ouster plans to establish Ouster Automotive, a new functional division of the company focused on driving mass-market adoption of digital lidar in consumer and commercial vehicles.
Following transaction close, Ouster will establish Ouster Automotive to be led by current Sense CEO Shauna McIntyre.
Ouster also expects to strengthen its competitive position by retaining key Sense talent with deep engineering, semiconductor, and automotive expertise, and by acquiring from Sense over 100 pending patents and an exclusive license to over 250 patents.
“Ouster and Sense are an ideal pairing. Combining Ouster's digital expertise and maturity in product development and manufacturing with Sense's advanced solid-state digital lidar silicon is expected to accelerate the delivery of our multi-sensor digital lidar suite for the consumer ADAS market,” said Ouster CEO Angus Pacala.
“Ouster's digital technology has enabled us to pull ahead in the industrial, robotics, and smart infrastructure markets, and emerge as a top player in automotive. Together with Sense, Ouster is on its way to becoming the clear leader in technology and performance, poised to continue to capture share in auto and non-auto verticals alike.”
“Sense's solid-state technology, which is closely aligned with Ouster's digital approach, has generated serious interest from global automotive OEMs, including a major strategic development agreement,” said Sense CEO Shauna McIntyre.
“The anticipated merger synergies are clear. We have a terrific opportunity to marry our two platforms to capture additional automotive design wins. Furthermore, Ouster's resources, manufacturing know-how, and proven ability to execute gives us confidence that, together, we have what it takes to become the market leader in automotive. We are excited to join the Ouster family.”