Latham & Watkins represents Ouster, Inc., a leading lidar technology developer, in an up to US$50 million structured debt facility from Hercules Capital.
The Latham & Watkins team was led by finance partner Haim Zaltzman, counsel David Buchanan, and associate Hyunji Lee. Tax advice was provided by partner Eric Cho. Corporate advice was provided by partner Drew Capurro. 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.