Ouster has bought the Congruent Ventures-backed lidar technology developer and will restructure the business as a wholly-owned subsidiary called Ouster Automotive.

Sense Photonics, a US-based developer of lidar technology that offers an ultra-wide field of view, has agreed to an acquisition by lidar system producer Ouster, offering an exit to University of California-aligned Congruent Ventures. Ouster will pay 9.5 million shares, worth – on the morning of the announcement – nearly $71.3m. Following the deal’s completion,…

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