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Ouster to Establish Automotive Group with Planned Acquisition of Sense Photonics to Accelerate Automotive Growth and Bring Solid - State Digital Lidar to Market 10/05/2021 SAN FRANCISCO -- ( BUSINESS WIRE ) -- Ouster , Inc. ( NYSE : OUST ) ( " Ouster " or the " Company " ) announced today that it has signed a definitive agreement to acquire Sense Photonics ( " Sense " ) , which has developed a digital solid - state lidar sensor for automotive series production . Upon closing the strategic all - stock 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 , cementing Ouster's position as a market leader across auto and non - auto industry verticals . Introducing Ouster Automotive Following transaction close , Ouster will establish Ouster Automotive to be led by current Sense CEO Shauna McIntyre . Ouster Automotive plans to : • Accelerate Ouster's solid - state roadmap by more than 12 months through Sense's approximately three years and $ 24 million investment in CMOS digital lidar ; • Integrate Sense's breakthrough 200 - meter range digital solid - state lidar into Ouster's plan for the industry's first multi- sensor lidar suite that meets the performance and price requirements for Level 2 and above autonomy ; • Deliver on the flagship strategic development agreement awarded by a major global automotive OEM to Sense earlier this year ; and • Advance five series production programs collectively worth over $ 1 billion in potential revenue , currently under negotiation with automotive OEMs for start of production in 2025-2026 .