Self-driving startupAurora Innovation Inc.today said it had raised $530 million in a Series B round led by Sequoia Capital. The most noteworthy investor is Amazon.com Inc.
Other participants included Lightspeed Venture Partners, Geodesic, Shell Ventures, and Reinvent Capital, as well as previous investors Greylock and Index Ventures. Funds advised by T. Rowe Price Associates Inc. also made a “significant” contribution, the company said. Carl Eschenbach, a partner at Sequoia, will join Aurora’s board of directors.
A year ago, Aurora raised $90 million in its Series A round. Reid Hoffman, a partner at Greylock and co-founder of LinkedIn, and Index partner Mike Volpi joined its board at that time. Aurora is working with partners including Hyundai and Volkswagen, and the latest funding reportedly puts its valuation at $2.5 billion.
While Amazon may have invested in other无人驾驶车辆makersin the past, the Aurora funding marks an acceleration of its efforts. There’s no doubt that Amazon is interested in developing an autonomous delivery fleet, whether in the air or on the ground. “Amazon’s delivery costs exceeded $27 billion in 2018,”noted CNBC.
Last month, Amazon began testing itsScout delivery robotsin Seattle, and anEmbark autonomous delivery truckpulling an Amazon trailer has been spotted on roads. This multi-pronged and multi-million-dollar effort is keeping competitors in robotics, retail, logistics, and motor vehicles on their toes.
It’s not the years; it’s the mileage
Aurora was founded in 2017 by three leaders in无人驾驶车辆研究。首席执行官克里斯•厄姆森此前肉欲egie Mellon University team that won the 2007 DARPA Urban Challenge and former chief technology officer at Google parent Alphabet. Chief Product Officer Sterling Anderson worked on MIT’s Intelligent Co-Pilot in 2007 and led the design, development, and launch of the Tesla Model X and Telsa Autopilot. CTO Drew Bagnell was a founding member of Carnegie Robotics and Uber’s Advanced Technology Center.
The Palo Alto, Calif.-based company is developing the Aurora Driver “full stack” of self-driving technology with the objectives of increasing safety, expanding access to people with disabilities, and improving the quality of life and urban congestion.Aurora saidit will use its latest funding to expand its team and ecosystem.
Amazon Web Services (AWS) has promoted its storage, compute, and deep learning capacity for Advanced Driver Assistance Systems (ADAS) and autonomous vehicle development. TheAWS DeepRaceris a small remote-controlled car for testing hardware and software, and AWS RoboMakerincludes toolsto train reinforcement learning for self-driving vehicles.
The AWS DeepRacer platform for autonomous vehicle development.
Aurora moves up in a crowded field
With its founders’ pedigree and the millions in funding, Aurora has quietly joined themany companies working on autonomous vehicles, with traditional automakers such as Continental, Ford, andToyotaon the one hand and newer tech firms such asGoogle’s Waymo spinoff, Tesla, NVIDIA, andLG Electronicson the other. However, several of these enterprises has reached across lanes for partnerships, such asWaymo working with Nissan-Renault.
In addition, theGerman automakers have joined forcesto better compete withthe U.S.and Japan in self-driving car development. As lidar makerQuanergy’s troublesdemonstrate, technical and businesschallenges persist, and the road to success is still winding.
The self-driving car space suffered some setbacks last year after highly publicized accidents involving Tesla, Uber, and Waymo. Unlike some of its competitors, Aurora is deliberately working on Level 4 autonomy, in which humans are still involved, rather than full Level 5 autonomy.
Filed Under:Automotive,The Robot Report
Tell Us What You Think!