What is Outsight?
Outsight specializes in creating advanced LiDAR perception solutions designed to enable Smart Machines and Smart Cities to achieve enhanced situational awareness. By providing pre-processing capabilities for any LiDAR sensor, the company aims to make Spatial Intelligence 'Plug & Play.' This approach is crucial for developing transformative products and solutions that contribute to a safer and smarter world, facilitating the widespread adoption of LiDAR technology.
How much funding has Outsight raised?
Outsight has raised a total of $40M across 2 funding rounds:
Angel/Seed
$18M
Series B
$22M
Angel/Seed (2016): $18M with participation from Emertec
Series B (2022): $22M led by Department of Defense Rapid Innovation Fund, Groupe ADP, and Energy Innovation Capital
Key Investors in Outsight
Department of Defense Rapid Innovation Fund
The Department of Defense Rapid Innovation Fund (RIF) is an initiative that supports the adoption of innovative technologies within the defense sector. Its investment in Outsight suggests a focus on applications relevant to national security or advanced defense capabilities.
Groupe ADP
Groupe ADP, a major player in airport development and management, likely invested in Outsight to explore and implement advanced perception solutions for airport operations, security, and passenger flow management.
Energy Innovation Capital
Energy Innovation Capital, which invests in next-generation energy technologies, may see Outsight's LiDAR solutions as applicable to energy infrastructure monitoring, smart grids, or the development of autonomous systems within the energy sector.
What's next for Outsight?
The substantial enterprise-level backing and recent strategic investment signal a strong growth trajectory for Outsight. This capital infusion is poised to fuel further research and development, expand market reach, and enhance the company's technological offerings. The focus on making LiDAR perception accessible suggests a strategy aimed at broad market penetration, potentially leading to widespread integration in autonomous systems, smart infrastructure, and advanced robotics. The company's ability to leverage this financing will be key to solidifying its position as a leader in the spatial intelligence sector.
See full Outsight company page
