investorschatroom.com

Finance

Amazon, Sequoia Capital Invest $530 Million In Self-Driving Startup 02/07/2019

Share
Aurora Innovation Lincoln test cars

Aurora is developing the technology for autonomous vehicles, but leaving the making of cars to other companies. The startup has remained fiercely independent, cultivating partnerships with Hyundai Motor Co., Volkswagen AG and Byton Ltd. while designing a suite of software, hardware and data services created to support a range of automakers and transportation networks.

This Series B round values Aurora at over $2.5 billion.

Aurora is led by Chris Urmson, former head of the Google self-driving auto initiative. Co-founder and Chief Product Officer Sterling Anderson led the design and launch of the Tesla Model X and Drew Bagnell, Aurora's Chief Technology Officer and co-founder, was one of the founders of Uber's Advanced Technology Centre. The company presently employs around 250 workers split between its Bay Area and Pittsburgh campuses. After dipping its toe in the robotic vehicle arena with Scout, an autonomous delivery robot, and collaboration with Embark, a self-driving truck startup, Amazon definitely seems interested in where the field is headed. Eschenbach will take a seat on the startup's board.

Aurora is building self-driving technology, and the new funds are aimed at accelerating delivery of that technology, according to the announcement by Aurora.

Elizabeth Warren Makes It Official, Announces She’s Running For President In 2020
She meant to spend Sunday in Iowa, where the leadoff caucuses will be the first test of candidates' viability. Warren has too much baggage - all that " Pocahontas " nonsense - and she is too much like Hillary Clinton.

Texas man killed after e-cigarette explodes in his face
Mr Brown was at least the second person to die from an exploding vaporiser in the United States over the past 12 months. A piece of the e-cigarette was found in his throat and he was put into a medically-induced coma.

Nintendo's quarterly profit rises on hit Switch games
Nintendo has announced a new partnership with LINE to produce new mobile games, and the first of these will be Dr. The last piece of information that came out of this report was the delay of mobile game Mario Kart Tour .

Aurora Innovation is notable primarily for its leadership. The new company does have some competition, including Waymo and self-driving companies that were acquired by Ford (Argo AI) and GM (Cruise).

"With this newest investment, we will accelerate the development of the Aurora Driver and strengthen our team and ecosystem", stated an Aurora blog post. Aurora raised $90 million in a funding round past year.

"Autonomous technology has the potential to help make the jobs of our employees and partners safer and more productive...whether it's in a fulfillment center or on the road, and we're excited about the possibilities", said a spokesperson from Amazon.

Share