Ouster and Velodyne agree to merger, signaling consolidation in lidar industry

Ouster and Velodyne, two lidar companies, have agreed to a merger in an all-stock transaction, the companies said Monday. Both Ouster and Velodyne will maintain a 50% stake in the new company, according to the agreement that was signed on November 4. Learn more about your ad choices. Visit podcastchoices.com/adchoices