10 Must-Buy Small-Cap Stocks to Invest In

8. Ouster, Inc. (NASDAQ:OUST)

Market cap: $1.72 Billion

Year-to-date returns: 140.65%

Number of hedge fund holders: 23

Ouster, Inc. (NASDAQ:OUST) is one of the must-buy small-cap stocks to invest in. On August 14, the company announced that Econolite had received a contract to expand its Ouster BlueCity traffic management solution to over 100 intersections in Utah.

The new contract follows the deployment of the system to more than a dozen intersections in the year as part of a five-year contract. The system is to be deployed at intersections in Cedar City, Ogden, Orem, and Salt Lake City. Ouster already boasts over 400 deployed sites for the system globally.

Ouster BlueCity system stands out for its ability to combine 3D digital lidar sensors with perception software for traffic signal actuation and analytics. It also integrates with existing traffic signal infrastructure, including Econolite Cobalt traffic signal controllers and EOS firmware. It was the first lidar traffic solution to receive NEMA TS2 certification.

“The rapid expansion of Ouster BlueCity across Utah, following its initial deployment this spring, highlights the traffic efficiency and safety benefits of the system,” said Ouster CEO Angus Pacala.

Ouster, Inc. (NASDAQ:OUST) designs and manufactures high-resolution lidar sensors and software solutions. Its sensors are used in various industries, including automotive, industrial, robotics, and innovative infrastructure, to provide 3D vision and enable autonomy. Its technology also helps machines, vehicles, and infrastructure understand their surroundings, enhancing safety and efficiency.