Lidar Maker Ouster Merges with Vision AI Firm StereoLabs

Lidar manufacturer Ouster recently acquired StereoLabs, a specialist in vision-based perception systems for robotics and industrial applications. The transaction involved $35 million in cash and 1.8 million shares of Ouster stock. This acquisition signifies a significant consolidation trend within the perception sensor industry, following recent similar deals. Ouster's CEO, Angus Pacala, stated that the company has been interested in StereoLabs for years. He views lidar as essential for safety-critical systems but aims to expand Ouster's offerings by integrating camera technology.

Pacala specifically praised StereoLabs for its proficiency in leveraging AI models and edge computing with cameras, especially in deriving depth information. He articulated the vision of creating a unified sensing and perception platform to become a top-tier supplier for advanced physical AI systems. Despite the acquisition, StereoLabs will continue to operate as a wholly-owned subsidiary. Pacala emphasized a focus on building practical, certified, and safe working systems rather than solely capitalizing on the hype surrounding physical AI, noting potential disillusionment with long development timelines for technologies like humanoids.

This industry consolidation is driven by the rapid development of "physical AI" technologies, including robotics, drones, and autonomous vehicles. Other companies in the sensor sector, like MicroVision, also see the industry as ripe for consolidation due to intense competition. MicroVision's CEO believes that insufficient revenue exists to support the current number of competitors, predicting further industry consolidation or attrition.