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Ouster closes $27 million Series A financing round

By TechTaffy Desk

San Francisco-based Ouster, a company that develops LIDAR technology, has raised $27 million in Series A funding. The investment was led by Cox Enterprises.

Ouster’s funding will primarily be used for the manufacturing and the continued development of its next sensor designs, says Ouster. The company anticipates manufacturing capacity in the tens of thousands of sensors in 2018 based on its current product design.

Ouster has raised $30 million to date.

[Image courtesy: Ouster]

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