What is Outsight?
Outsight specializes in creating advanced LiDAR perception solutions designed to transform how machines and urban environments perceive their surroundings. By developing 'Plug & Play' Spatial Intelligence, the company aims to democratize the use of LiDAR technology. Their pre-processing capabilities allow for seamless integration with any LiDAR sensor, empowering smart systems with a superior level of situational awareness. This technology is pivotal for developing transformative products and solutions that contribute to a safer and smarter world, particularly in sectors requiring precise environmental understanding.
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, Energy Innovation Capital, and Groupe ADP
Key Investors in Outsight
Emertec
Emertec, operating as Demea Sustainable Investment, is a prominent European venture capital firm focused on energy and ecological transition. They provide capital for innovative startups and SMEs at various development stages.
Department of Defense Rapid Innovation Fund
The Department of Defense Rapid Innovation Fund supports innovative technologies for defense applications. Hpc-com LLC, associated with this fund, operates in the Information & Document Management industry.
Energy Innovation Capital
Energy Innovation Capital is an investment firm dedicated to next-generation energy technologies, aiming to foster abundant, clean, and accessible energy solutions through strategic backing of innovators.
What's next for Outsight?
With the recent major strategic investment and substantial overall capital secured, Outsight is poised for significant expansion and technological advancement. The company's focus on making LiDAR perception universally accessible suggests a strategic push towards broader market penetration and the development of new applications. Future endeavors will likely involve scaling their operations, enhancing their core technology to support an even wider range of LiDAR hardware, and forging new partnerships within the smart city and autonomous systems sectors. This funding will be instrumental in solidifying their position as a leader in spatial intelligence solutions.
See full Outsight company page
