Latham & Watkins represented Ouster, Inc. on the deal.
Ouster, Inc., a leading lidar technology developer, executed an up to US$50 million structured debt facility from Hercules Capital.
The transaction allows Ouster to invest in its operations to expand its lidar technology applications for a wide range of industries implementing autonomous vision technology.
Ouster, Inc. designs and manufactures high-resolution digital lidar sensors and enabling software that offers 3D vision to machinery, vehicles, robots, and fixed infrastructure assets. Its product portfolio includes OS, a scanning sensor and DF, a true solid-state flash sensor. The company is based in San Francisco, California.
The Latham & Watkins team was led by finance partner Haim Zaltzman (Picture), counsel David Buchanan, and associate Hyunji Lee. Tax advice was provided by partner Eric Cho. Corporate advice was provided by partner Drew Capurro.
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