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Ouster, Inc. (NYSE: OUST) signed a definitive agreement to acquire Sense Photonics in an all-stock transaction.
Sense Photonics has developed a system that delivers high resolution long-range capability and mid-range capability with a wider field-of-view simultaneously using a single sensor.
Sense Photonics uses a unique flash architecture to deliver multiple fields of view with clarity and efficiency without data gaps using a single sensor.
MultiRange is a feature that will be highlighted in Sense Photonics' upcoming platform announcement.
Sense Photonics planned the start of production for its LiDAR systems in late 2024.