Aurora Labs Raises $8.4M in Series A Funding

Aurora Labs, a Tel Aviv, Israel-based creator of a predictive maintenance solution for future-proof automotive software, closed an $8.4m Series A funding.

The round was led by Fraser McCombs Capital with participation from previous investor MizMaa Ventures.

Aurora Labs, which already has three paying global OEM customers, will use the funds to expand its international presence beyond its new German offices and advance R&D activity.

Launched in 2016 by co-founders Zohar Fox and Ori Lederman, Aurora Labs has developed Line of Code Maintenanceā„¢ technology that uses machine learning algorithms to address all three stages of an automotive maintenance system to detect, repair, and seamlessly implement OTA updates to faults in the software.
Their machine learning algorithms address all three stages of vehicle maintenance: The platform detects faults in software behavior and predicts downtime events; it fixes flaws on-the-go in the electronic control unit (ECU) software; and finally, Aurora Labs’ OEM-verified, clientless Over-the-Air (OTA) update solution provides swift ECU updates with zero downtime, without requiring dual memory.

The company also has offices in Munich.

FinSMEs

12/07/2018

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