Ouster Achieves Major Software Milestones, Accelerating Its Smart Infrastructure Solutions Business
Portfolio Pulse from Benzinga Newsdesk
Ouster, Inc. (NYSE:OUST), a provider of lidar sensors, announced major software achievements to serve the growing demand for lidar-powered smart infrastructure solutions. This includes the unification of Blue City and Ouster Gemini, the addition of new AI perception models, and booking software coupled sales worth millions of dollars. Ouster expanded its product portfolio to include software solutions earlier this year, starting with the release of Ouster Gemini, its digital lidar perception platform. The company then added Blue City, a traffic management solution, to its offerings following its merger with Velodyne. Ouster booked software coupled sales worth millions of dollars in the third quarter, including a significant deal to deploy its digital lidar hardware coupled with Ouster Gemini at over 130 logistics sites.
November 09, 2023 | 10:44 pm
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Ouster's recent software achievements, including the unification of Blue City and Ouster Gemini, new AI perception models, and millions in software coupled sales, indicate a positive trajectory for the company. The company's expansion into software solutions and its successful merger with Velodyne further strengthen its position in the lidar sensor market.
Ouster's announcement of major software achievements and millions in software coupled sales indicates a strong growth trajectory for the company. The unification of Blue City and Ouster Gemini, along with the addition of new AI perception models, enhances the company's product offerings and competitive edge in the lidar sensor market. The successful merger with Velodyne further strengthens Ouster's position in the market. These factors are likely to have a positive impact on Ouster's stock price in the short term.
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