Aurora, a Palo Alto, California-based maker of self-driving technology for automated vehicles, secured over $530m in Series B financing.
The round was led by Sequoia, with participation from Amazon, and funds and accounts advised by T. Rowe Price Associates, Inc., Lightspeed Venture Partners, Geodesic, Shell Ventures, Reinvent Capital and previous investors Greylock and Index Ventures. Carl Eschenbach, Partner at Sequoia, will join Aurora’s board of directors, in conjunction with the funding.
The company intends to use the funds to accelerate the development of the Aurora Driver and strengthen its team and ecosystem.
Led by Chris Urmson, Co-founder & Chief Executive Officer, Drew Bagnell, Co-founder & Chief Technical Officer, and Sterling Anderson, Co-founder & Chief Product Officer, Aurora is involved in designing the software and hardware that will power self driving transportation with the goal of increase safety
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