Ebene News – CA – Autonomous driving technology maker Ouster accepts $ 1.9 billion deal to go public

(Reuters) – Ouster Inc, a US start-up that makes lidar sensors for self-driving cars and smart cities, said Tuesday it had agreed to go public through a merger with the Special Purpose Acquisition Company (SPAC) Colonnade Acquisition Corp

The deal values ​​San Francisco-based Ouster at around $ 1.9 billion and makes it the fifth lidar maker this year to agree on a SPAC merger to go public, following Velodyne Lidar Inc, Luminar, Innoviz and Aeva

Ouster sees its digital lidar technology as having practical applications beyond autonomous vehicles and spanning areas such as drones, smart cities and robotics, according to company co-founder and CEO Angus Pacala

“The vision of the future we aspire to is lidar on every vehicle on earth, every moving object on earth, and every piece of smart fixed infrastructure on earth, just like the technology of cameras s ‘has spread and has become ubiquitous over the past 20 years, “Pacala said in an interview, speaking to Colonnade CEO Remy Trafelet

PSPCs like Colonnade are increasingly popular investment vehicles that raise funds as part of an Initial Public Offering (IPO) with the aim of buying a private company The acquired company then goes public at following the merger and is an alternative to the traditional IPO process

Colonnade raised $ 200 million in an IPO in August For the deal with Ouster, Colonnade also raised $ 100 million through a private investment in a private equity deal, or PIPE, PIPE investors included Cox Automotive, Fontinalis Partners and WWJ Enterprises

Ouster, which plans to generate around $ 19 million in revenue in 2020, stood out from other companies in the space Colonnade had considered buying because its business is already generating revenue, Trafelet said.

“It’s not a business plan – they’re selling real products to real customers right now,” he says

Lidar sensors, which use pulses of laser light to render precise images of the environment around the car, are considered essential by many automakers to enable higher levels of driver assistance up to to make them capable of driving independently

Ouster, 5, previously raised $ 142 million from private investors including Cox, Silicon Valley Bank and Fontinalis, which is co-owned by Ford Motor executive chairman Bill Ford

Texas does not plan to follow the recommendation of a federal advisory committee that essential workers and people over 75 should be next to receive COVID-19 vaccines after healthcare workers and residents of long-term care facilities, state health and humans department of services announced Monday Instead, people in Texas who are over 65, as well as adults of any age with certain medical conditions considered to be coronavirus co-morbidities will be given priority The ministry announcement says the decision was taken after a state-level panel of experts decided that the “most vulnerable populations” should be protected as soon as possible, although it will likely be a few weeks before the state has completed the initial phase of vaccination> Texas breaks with CDC ACIP recommendations for the next phase of prioritization of covid19 vaccines; places people 65 and those with health conditions that put them at high risk after frontline healthcare workers and residents of long-term care facilities picTwittercom / o3nDRaQpeZ >> – Meg Tirrell (@ megtirrell) December 21, 2020 There has been some debate over who should get injections next, with some data arguing clearly identifying age as one of the most important factors in the severity of the disease.But others believe that the federal recommendation is the right decision, as essential workers are at greater risk of coming into contact with the virus and do not have the luxury of working from homeMore stories from the week com Televangelist Pat Robertson says Biden won, won’t be president long, urges ‘erratic’ Trump to retire Are Trump’s worst days yet to come? Trump would have turned on ‘virtually everyone around him’

City leaders said that if they had turned down Asatru’s People’s Congress they would have faced a costly legal battle

President Vladimir Putin on Tuesday signed laws granting former Russian presidents broad immunity from prosecution and allowing them to become life senators in the upper house of parliament once they leave the Kremlin The new laws follow sweeping reforms to the Russian political system initiated by Putin this year The reforms are being analyzed for clues as to what Putin, 68, might do at the end of his current term, which is his second term in a row and his fourth overall

South Korea said on Tuesday it had jammed fighter jets in response to an intrusion into South Korea’s air defense identification zone by 19 Russian and Chinese military jets

At least 25 Indian farmers have died in protests against controversial legislation, as Prime Minister Narendra Modi tried to ease growing tensions by paying a surprise visit to a Sikh temple in New Delhi on Sunday Fourteen deaths have been attributed to exposure to the cold, as around 500,000 farmers – most of whom are Sikhs – continue to sleep in their tractors and block roads outside Delhi, despite temperatures dropping to 3C the night Ten deaths were in traffic accidents as farmers traveled to Delhi from the surrounding states of Punjab and Haryana, while a prominent Sikh priest in Haryana committed suicide in protest against the new legislation Farmers say they will continue to occupy the streets, continually disrupting food supplies in the Indian capital, until farm bills are repealed On Monday, protesting farmers go on a one-day hunger strike, while union leaders announced plans to occupy toll booths around Delhi from December 25

President Trump reportedly spent some of his last days in office “bitterly” excites almost everyone in his orbit to the point that officials are now trying to avoid the West Wing As Trump continues his attempts to overturn the election he lost to President-elect Joe Biden, Axios reports that he “turns bitterly against virtually everyone around him” and “complains about anyone who refuses to stand up. indulge “in his efforts or baseless conspiracy theoriesAmong the targets of his anger is obviously Vice President Mike Pence, whom Trump has allegedly complained of not “fighting hard enough” for him. Pence’s upcoming role as Senate Speaker as 2020 election results validate, which the president would consider “the ultimate betrayal”, has started “to hold a high place” in Trump’s mind, says AxiosBut it’s not just Pence, and Axios reports that as Trump goes on a rampage, “everyone is in the blast zone,” including White House Chief of Staff Mark Meadows, the chief of staff of the Senate majority Mitch McConnell (R-Ky), Secretary of State Mike Pompeo and White House attorney Pat Cipollone “Senior officials are trying to stay away from the West Wing right now,” writes AxiosTrump, whose unsubstantiated claims that there had been widespread voter fraud in the elections were shot down by Attorney General William Barr and others, “turned to a motley group of conspiracy theorists” for the ‘help undo Biden’s win, by setting up meetings at the Oval Office to discuss “extreme measures” that White House officials noted “would be unconstitutional or otherwise unworkable,” the Washington Post previously reported. Amid these efforts, Axios writes that “we cannot stress enough how much the officials Trump are baffled by the conversations going on inside the White HouseRead more on Axios More stories from the week com Televangelist Pat Robertson says Biden won, won’t be president long, urges ‘erratic’ Trump to retire Worst days of Trump presidency yet to come? Trump’s eye-for-eye finale

“This crisis has made it clearer than ever why paid time off for every worker is so important to families,” says Senator Patty Murray

The deputies were called just before 1 a.m. Sunday to a rural home near the town of Cole Camp, the Benton County Sheriff’s Department said in a press release The child’s mother, Mary Mast, 28, and her 2-year-old son were also severely beaten on Monday MPs arrested family neighbors Ethan Mast, 35, and Kourtney Aumen, 21 on Monday

Monday’s statement marks the first time since 2012 that the Navy has announced the presence of a guided missile submarine in the Persian Gulf

Miller was briefed by members of the 100th Air Refueling Wing on how they pushed tankers through the air on short notice

Federal prosecutors in the Southern District of New York have spoken to officials at the Department of Justice in Washington about whether to make a legal request for Rudy Giuliani’s emails, two people in the know said Former New York City Mayor Giuliani Is President Trump’s Personal Advocate Under Justice Department policy, prosecutors must get approval from Washington before applying to a judge to sign a search warrant for items that could be protected by solicitor-client privilege; NBC News notes that it is not known whether the approval was granted In October 2019, the Wall Street Journal reported that SDNY prosecutors were investigating Giuliani and his business dealings in Ukraine, and as part of the investigation, they reviewed Giuliani’s bank records In the same month, two of Giuliani’s associates, Lev Parnas and Igor Fruman, were arrested and charged with fraud in campaign financing. Parnas and Fruman both helped Giuliani try to dig up the dirt in Ukraine over President-elect Joe Biden and his son, Hunter Biden The Washington Post reported in February that prosecutors had started speaking with witnesses in an attempt to put together more documents for the investigation, and two people familiar with the matter told NBC News the investigation was ongoing, one saying it was “very activeGiuliani’s attorney Robert Costello told NBC News he had “no reason to believe the allegations that there is renewed interest in my client are trueEarlier this month, the New York Times reported that Trump spoke with advisers about granting a preventive pardon to GiulianiMore Stories from the Weekcom Televangelist Pat Robertson says Biden won, won’t be not president long, urges ‘erratic’ Trump to retire Are Trump’s worst days yet to come? Trump is said to have turned on ‘virtually everyone around him’

Hundreds of Russian and Rwandan soldiers rushed to the Central African Republic (CAR) to stop an alleged coup attempt, government says Troops have already started fighting rebel groups, the government said on Saturday, the CAR government accused the forces of former President François Bozize of an attempted coup after the merger of three powerful rebel groups and started advancing on the capital Bangui “Russia has sent several hundred troops and heavy weapons” under bilateral cooperation agreement, government spokesman said He added: “The Rwandans have also sent several hundred men who are on the ground and have started to fight” However, Russian Deputy Foreign Minister Mikhail Bogdanov denied the allegations on Monday “We are not sending troops, “he said, according to the Interfax news agency Apparently the rebels are being held back from the capital On Sunday, the UN peacekeeping mission in CAR, Minusca, said the situation was “Under control” The news comes ahead of a presidential election on December 27 M Bozize was recently barred from running in Rwanda, which has at least 750 Rwandan soldiers and police serving in Minusca, said it had sent more troops in response to rebel targeting of its peacekeepers Rwandan president Paul Kagame said on Monday that Rwandan troops would not be bound by UN rules of engagement No specific details were given on the number of Rwandan soldiers who arrived on Sunday In addition, Russia has started to expand in CAR in 2017, providing weapons, contractors and mercenaries to support the besieged government in Bangui In exchange, Russian companies with ties to the Kremlin were granted rights to mine and export diamonds from the country Private security agents employed by Russian companies began to train local forces and protect President Faustin -Archangel Touadera This arrangement is believed to give Moscow considerable influence over M Touadera Moscow’s dive into CAR, one of the most fractured and war-torn nations in the world, surprised many observers and showed how Russia is trying to gain more influence and prestige in Africa This decision also alarmed France, the former colonial power of CAR, which has dominated the country for decades.Last week it emerged that France and Russia were waging a war of disinformation in CAR through online trolls Trolls of two separate influence operations, including individuals, believed to be linked to the French military, posed as residents using fake accounts Moscow has not confirmed sending troops to fight the rebels, but the Kremlin expressed “grave concern” over events in CAR

Nathan Larson, who unsuccessfully ran for Congress in 2018, called Hitler a ‘white supremacist hero’ and admitted he was a pedophile

President-elect Joe Biden is expected to appoint Miguel Cardona, commissioner of Connecticut public schools, as secretary of education, the Washington Post reports, adding that the announcement could be made before Christmas on Friday Cardona was appointed to his current post last year, and before that he was deputy superintendent in Meriden, Connecticut, a district with around 9,000 students He was born in Meriden to Puerto Rican parents and became Connecticut’s youngest manager when he was just 28.Biden did not make a final offer, the Post reports, citing people close to the president-elect, but he met Cardona virtually on Monday, alone with future first lady Jill Biden and vice president-elect Kamala Harris Biden has pledged to pick someone with a background in public education in the education department, and Cardona is seen more as a consensus candidate than Biden’s other finalist, Leslie Fenwick of Howard University, who is a sharp criticism of liability based on testing and the like corporate-type education policies “Cardona’s experience in public education stands in stark contrast to President Trump’s Education Secretary Betsy DeVos, who attended private schools and spent much of her time energy to defend alternatives to public education “, notes the Post” And while Cardona has lived in poverty, DeVos is a billionaire who has been rich all her life “Cardona has clashed a bit with the teachers’ unions this fall when he pushed to open public schools amid the COVID-19 pandemic He was endorsed by the Congressional Hispanic Caucus Randi Weingarten, president of the American Federation of Teachers, called him a “very, very solid “More Stories From This Weekcom Televangelist Pat Robertson Says Biden Won, Won’t Be President Long, Urges ‘Erratic’ Trump to Retire Worst days of Trump presidency yet to come ir? Trump would have turned on ‘virtually everyone around him’

China claimed on Tuesday that its military “expelled” a US Navy destroyer after it “intruded” into Chinese territorial waters near the Spratly Islands, in further escalation of tensions between Washington and Beijing over the south china sea The statement by Colonel Tian Junli, spokesperson for People’s Liberation Southern Command, comes shortly after the US Navy announced that the USS John S McCain had asserted its “navigation rights and freedoms” in the contested seas near the islands, “in accordance with international law The incident occurred as Shandong, China’s second-largest aircraft carrier, reportedly carried out exercises in the region after crossing the sensitive Taiwan Strait on Sunday The Chinese government claims sovereignty over most of the South China Sea, directly challenging the territorial claims of the reefs, islands and waters of its small regional neighbors The Philippines, Malaysia, Vietnam, Brunei and Taiwan all have Spratlys claimed This year, Beijing demonstrated its confidence in energy-rich waters, prompting the United States to denounce its “bullying behavior” there and strengthen its own freedom of navigation

The passengers were on a flight to Atlanta when they opened the aircraft cabin door

Anti-lockdown protesters who invaded the state capital of Oregon were evicted by police as bear bombs and pepperballs flew between the two factions, reports and reports said. scene images About 300 members of the Proud Boys, Patriot Prayer and other groups arrived at the ‘Reopen Oregon’ rally calling on Governor Kate Brown to lift restrictions on the pandemic as lawmakers meet in a special session to discuss the measures stimulus and vaccine distribution Protesters used bear spray against police upon entering the building before being evicted by police using pepper spray, according to the Statesman Journal, whose photographer was pushed by protesters while capturing the event

Ouster, Lidar, Special Purpose Acquisition Company, Autonomous Car, Action

Ebene News – CA – Ouster, maker of autonomous driving technology, accepts $ 1.9 billion agreement to go public

Source: https://news.yahoo.com/ouster-maker-self-driving-tech-121402246.html