Ouster: Funded For Physical AI Scaling

Ouster, Inc. raised $200M, boosting pro forma cash to ~$375M, positioning for large-scale customer physical AI ramp-ups and inventory needs. The company has several customers with public disclosures of plans for rapid expansion for 10x to 100x unit growth. Management targets 30–50% annual growth, with potential for explosive acceleration as Physical AI applications proliferate. The stock currently trades at ~10x 2027 revenue targets, but consensus estimates may understate upside as major customers scale orders.

Ouster, Inc. (OUST) has suddenly become a Physical AI darling, but the market wasn't excited about a secondary offering. The LiDAR sensor company was wise to raise some additional funding as more customers look to