What did Ouster acquire and for how much?

Ouster acquired StereoLabs for $35 million and 1.8 million shares.

Why did Ouster acquire StereoLabs?

Ouster acquired StereoLabs to integrate its vision-based perception systems with Ouster's lidar, aiming to create a unified sensing and perception platform for physical AI systems.

What is the trend in the perception sensor market?

The perception sensor market is experiencing consolidation, with companies like Ouster and MicroVision making acquisitions to strengthen their positions.

Home / Technology / Lidar Maker Ouster Merges with Vision AI Firm StereoLabs

Lidar Maker Ouster Merges with Vision AI Firm StereoLabs

10 Feb

•

Summary

Ouster acquired StereoLabs for $35 million and 1.8 million shares.
The deal accelerates consolidation in perception sensor supply.
Ouster CEO sees lidar as core, but wants to move up the stack with cameras.

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.