Ouster Acquires StereoLabs, Creating a World-Leading Physical AI Sensing and Perception Company

SAN FRANCISCO--(BUSINESS WIRE)--Feb 9, 2026--

Ouster, Inc. (Nasdaq: OUST) (“Ouster” or the “Company”), a leader in sensing and perception for Physical AI, announced today that on February 4, 2026 it closed the acquisition of StereoLabs SAS (“StereoLabs”), a pioneer in AI vision and perception solutions. With this acquisition, Ouster now offers Physical AI's first unified sensing and perception platform, combining high-performance digital lidar, cameras, AI compute, sensor fusion and perception software, and cutting-edge AI models.

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Founded in 2010, StereoLabs provides high-quality 3D vision for advanced perception systems. StereoLabs has shipped over 90,000 ZED cameras to over 10,000 customers, and its perception software is trusted by an active community of many thousands of developers to power industrial-grade solutions across robotics, industrials, and smart infrastructure. Co-founders Cecile Schmollgruber, Edwin Azzam, and Olivier Braun will continue to lead the StereoLabs team. Ouster is committed to maintaining continuity for StereoLabs’ products, global customer base, and developer community.

“The future of autonomy isn't about choosing between vision or lidar, it's about unifying them,” said StereoLabs CEO Cecile Schmollgruber. “By combining StereoLabs' AI vision with Ouster’s digital lidar, we are creating the world's most capable perception platform to directly address customers’ primary sensor fusion requirements and enable machines to sense, think, act, and learn in the physical world."

“This acquisition builds on Ouster’s momentum and positions us as the foundational end-to-end sensing and perception platform for Physical AI,” said Ouster CEO Angus Pacala. “StereoLabs is a world-class perception company recognized for its market-leading stereo cameras and AI vision software, making it a natural fit for Ouster’s next stage of growth. With seamless sensor fusion, we are addressing the unprecedented pull for both lidar and vision as industries transition from simple automation towards Physical AI. Together, we offer a unified platform that simplifies and accelerates customer development, harnesses combined investments in AI training and models, brings thousands of new customers into the Ouster ecosystem, and cements our leadership as we enable real-world autonomy across industries."

Strategic Rationale

Transaction Summary

Ouster completed the acquisition of StereoLabs on February 4, 2026. StereoLabs will operate as a wholly owned subsidiary. The acquisition was completed using a mix of approximately $35 million in cash and 1.8 million shares, of which 0.7 million will be released over a four-year period. The acquisition will be accounted for as a business combination, and the Company will begin consolidating StereoLabs’ financial results in its consolidated financial statements in the first quarter of fiscal 2026.

Conference Call

Ouster will hold a call today, February 9, 2026, at 8:00 a.m. ET to discuss the announcement. Interested parties may listen to a live webcast of the conference call. Registration for the webcast can be completed by visiting the following website: https://edge.media-server.com/mmc/p/jdea4uq8. The webcast will be available for replay for at least 7 days after the call on Ouster’s investor website at https://investors.ouster.com.

About Ouster

Ouster (Nasdaq: OUST) is a leader in sensing and perception for Physical AI across industrial, robotics, automotive, and smart infrastructure industries. With a unified platform of high-performance digital lidar, cameras, AI compute, sensor fusion and perception software, and AI models, Ouster delivers solutions that improve quality of life in the physical world. Headquartered in San Francisco, CA, Ouster has a global presence serving thousands of customers with offices in the Americas, Europe, and Asia-Pacific. For more information about our products, visit www.ouster.com, contact our sales team, or connect with us on X or LinkedIn.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including with respect to the expected benefits of and offerings following the acquisition of StereoLabs, the estimated addressable market for the Company’s products following the acquisition, and the Company’s targeted path to profitability. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based upon current plans, estimates and expectations of management that are subject to various risks and uncertainties that could cause actual results to differ materially from such statements. The inclusion of forward-looking statements should not be regarded as a representation that such plans, estimates and expectations will be achieved. Words such as “anticipate,” “expect,” “project,” “intend,” “believe,” “may,” “will,” “should,” “plan,” “could,” “continue,” “target,” “contemplate,” “estimate,” “forecast,” “guidance,” “predict,” “possible,” “potential,” “pursue,” “likely,” and the negative of these terms and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. All statements, other than statements of historical fact, including statements regarding the development of an end-to-end sensing and perception platform; enhanced software capabilities; anticipated customer base and customer demand; anticipated profitability, and anticipated strengths and benefits resulting from the StereoLabs acquisition, all constitute forward-looking statements. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected, including, but not limited to, risks related to Ouster’s limited operating history and history of losses; the substantial research and development costs needed to develop and commercialize new products; Ouster’s ability to integrate StereoLabs into Ouster’s corporate structure and its solutions and platform into Ouster’s product offering; the challenges in developing an integrated platform solution; the ability of the integrated digital lidar and stereo vision camera technologies and new software solutions to catalyze growth; Ouster’s forecasts for market growth; the competitive environment in which Ouster operates; and other important factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as updated by the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025 and as may be further updated from time to time in the Company’s other filings with the SEC. Readers are urged to consider these factors carefully and in the totality of the circumstances when evaluating these forward-looking statements, and not to place undue reliance on any of them. Any such forward-looking statements represent management’s reasonable estimates and beliefs as of the date of this press release. While Ouster may elect to update such forward-looking statements at some point in the future, it disclaims any obligation to do so, other than as may be required by law, even if subsequent events cause its views to change.

A unified sensing & perception platform for industrial, robotics, and smart infrastructure

Physical AI's first unified sensing & perception platform

Sensing & Perception for Physical AI

Ouster acquires StereoLabs

LOS ANGELES (AP) — Until quite recently, the prevailing image to outsiders of The Church of Jesus Christ of Latter-day Saints has been male missionaries wearing white shirts and name tags, evoked by the hit Broadway show “The Book of Mormon.”

But another unofficial face of the male-led church has emerged in American pop culture: digitally savvy, female influencers, often seen sporting athleisure, a giant soda in hand — and varying degrees of adherence to church teachings.

These influencers have found an enthusiastic audience across the country, curious about their faith and families. Some explain the tenets of what's widely known as the Mormon church, but others bring attention to the rules they often break — drinking alcohol, having premarital sex and in one high-profile instance, a “soft-swinging” scandal that birthed the hugely popular Hulu reality series, “The Secret Lives of Mormon Wives.”

ABC sought to capitalize on that interest by casting “Mormon Wives” star Taylor Frankie Paul in “The Bachelorette,” but recently had to scuttle the already filmed season after a video of a domestic violence incident surfaced.

These viral moments and “Mormon Wives” project a version of the faith that appears more progressive and lenient than church leadership and other Latter-day Saint influencers might like. “The internet really challenged the church’s ability to maintain its own narratives about itself,” said Nancy Ross, an associate professor at Utah Tech University who studies Mormon feminism.

The church has worked to distance itself from “Mormon Wives,” issuing a statement ahead of the first season’s premiere in 2024 without naming the show specifically. It said that some media portrayals of Latter-day Saint women resort to “stereotypes or gross misrepresentations that are in poor taste and have real-life consequences for people of faith.”

Camille N. Johnson, the president of the church’s Relief Society organization for women, said in an emailed statement that it’s important to seek out trusted sources of information about the church and its members in light of recent media attention.

“Millions of Latter-day Saint women around the world strive to live faith-filled lives grounded in a love for God and all of His children,” she said.

It would be impossible for the “Mormon Wives” cast to fully represent millions of women in the church. But they are not the only Latter-day Saint influencers online — nor are they the only ones with large followings.

Many are women in their early twenties who are married with young children. They post about young motherhood and experiences like buying a house before they turn 25. Lauren Yarro, a Latter-day Saint content creator and podcast host, said she can see this being a foreign image to some.

“Our culture is fascinating to an outsider, and I can understand why it would pull people in,” she said. “That Mormon timeline is intriguing to the rest of the world. I think most people innately have a desire for a happy marriage and a happy family life and we tend to create those in The Church of Jesus Christ of Latter-day Saints.”

The beliefs and practices of church members have often been the subject of intense interest and scrutiny because of how they differ from other religions. Some of these include the belief that church leadership can receive revelations from God, or the practice of wearing garments under clothing that have deep religious significance.

Latter-day Saint influencers are not a new phenomenon, but they have found staying power by driving pop culture discourse and documenting their lifestyles. Many of them use content creation as a way to be stay-at-home parents while also generating income for their families. Several prominent creators live in Utah, the home of the church’s administrative and cultural hub, but there is a broad spectrum in terms of how much they bring their faith into their content.

While “Mormon Wives” and its controversial star, Paul, have been the recent high-profile drivers of public interest, the cast talks about the church only sparingly. Rosemary Avance, an assistant professor at Oklahoma State University whose research includes religious identity and digital media, said “there’s so little reference” to the cast's faith once people are hooked on the show from its title. Many cast members have left the church or are no longer active in it.

“It was clearly a marketing strategy on behalf of the people putting these shows together. They think that’ll draw people in, and it does,” she said. “It’s not like you have these women sitting down talking about their secret temple practices that they’re not supposed to speak about, or challenging the authority of the church in some way. They’re just not talking about it.”

Avance sees parallels between now and about 15 years ago, when Republican Mitt Romney was running for president and “The Book of Mormon” debuted on Broadway. At the time, people wanted to know “what’s going on behind the scenes in Mormonism,” she said.

“People think they know a lot about it (Mormonism), and they’ve heard a lot about it because there’s prominent stories and prominent people who are well-known and those narratives are circulated, but it’s almost always second-, third-hand,” she said. “A lot of people don’t know any Mormons and may never meet a Mormon, or if they have, they don’t know it, and so it’s what you’ve heard and the preconceptions you think you have about Mormonism.”

Creators like Yarro, who speak about their faith openly online and closely follow the church's teachings, said “Mormon Wives” does not feel representative of their experiences in the church or their lives in Utah. The Latter-day Saint content creators who spoke with The Associated Press emphasized they don't place fault on the individual cast members, but rather the production of the show and the way it Hollywoodizes their faith. Representatives for Hulu did not respond to a request for comment.

“The only thing I don’t like about what they do is sometimes they will play on things, twist things, use what is sacred to us as members of the church, and they’ll put it out and it feels like mockery to us,” said Shayla Egan, another Latter-day Saint content creator.

Some of the more devout members use their online platforms to respond to and course-correct more salacious social media content or “Mormon Wives” storylines they believe don't align with their understanding of church teachings or experiences.

Mimi Bascom, a Latter-day Saint content creator who says the mission behind her social media presence is to “show that members of the church are real people,” often makes videos responding to “Mormon Wives” clips. She finds the show to be a “net positive for our church” since it gives everyday members the opportunity to “share what we actually believe and get that more out there into the world,” she said.

Bascom, for one, had always prepared to serve on a mission but no longer could after getting married. Making content about the church has felt like a way she's “able to still live that out,” she said.

“We want to be missionaries and spread the good word of the Gospel,” she continued, “and so this is just another way we can do it.”

Associated Press religion coverage receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content.

FILE - The sun sets behind the Mormon Temple, the centerpiece of Temple Square, in Salt Lake City, April 27, 2006. (AP Photo/Douglas C. Pizac, File)

FILE - Jen Affleck, from left, Layla Taylor, Miranda McWhorter, and Jessi Draper Ngatikaura participate in Hulu's "The Secret Lives of Mormon Wives" photo call at The Rink at Rockefeller Plaza, Tuesday, Nov. 11, 2025, in New York. (Photo by CJ Rivera/Invision/AP, File)