Ouster provider of digital lidar, and Velodyne, making lidar sensors, announced the completion of their merger. The combined company will keep the name Ouster and continue to trade on New York Stock Exchange. The merger creates a lidar provider with over 850 customers spanning the automotive, industrial, robotics, and smart infrastructure industries.
Following integration, the combined Ouster expects to retain approximately 350 employees with its headquarters in San Francisco and key offices across the Americas, Europe, and Asia-Pacific. The combined company has an intellectual property portfolio with 173 granted and 504 pending patents, and a combined cash balance of over $315 million.