5/7/2023 0 Comments Nimble phone case“The fact that we can point to that is something that will help us stay in business. Show me the monthly revenue,’” said Mardirosian. 'The strange thing about the original case is that there still isn't an overwhelming favourite in terms of suspects. “If you’re in these investor meetings like I am, they’re saying ‘Show me the contracts. Instead of diversifying, too many companies have focused on the “pot of gold at the end of the rainbow,” said Raffi Mardirosian, Ouster’s vice president of corporate development, making them vulnerable to setbacks in the broad deployment of autonomous vehicles. The loss of Scotty’s main customer, Voyage - which operates small fleets of self-driving vehicles in closed residential communities - and difficulties in raising funds led to its sale, two sources told Reuters.Įxecutives at Ouster, a startup whose lidar technology is also found inside Postmates’ robots, said it was a conscious decision from the start to avoid focusing exclusively on automotive lidar. Last month, food delivery company DoorDash bought startup Scotty Labs, a competitor to Phantom also involved in the remote control of autonomous vehicles. Earlier this year, self-driving startup Aurora bought Blackmore Lidar. Argo AI is majority-owned by Ford and VW. Digital mapping is another area ripe for consolidation, Simoudis said.Īutomakers and others have snatched up these startups in recent years, including Strobe Lidar and Princeton Lightwave, which were acquired in 2017 by General Motors and Argo AI, respectively. There has already been some consolidation in the crowded field of lidar, a key hardware component using laser light pulses to help vehicles “see,” after some companies have struggled to raise new funds. Companies making software are better positioned to pivot than those doing hardware, experts agree.
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