Lidar makers Ouster and Velodyne complete their merger, creating a sector powerhouse

Business News News

The merger creates a lidar powerhouse with more than 850 customers and about $315 million in cash on hand.

in favor of more limited driver-assist technology.

Pacala, who will lead the combined company, told CNBC in an interview on Monday that the merger is "a major step toward profitability for Ouster."

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