Aurora Innovation, Inc. News

Latest Aurora Innovation, Inc. news, funding rounds and robotics & AI coverage. $2B raised. 17 articles tracked by The Robotics Media.

About Aurora Innovation, Inc.

Aurora Innovation, Inc. develops self-driving vehicle technology for the freight and transportation industry. Its core product, the Aurora Driver, is an autonomous driving system combining lidar, radar, cameras, software, and onboard computing that can be installed in trucks and other vehicles. The company was founded in 2017 in Pittsburgh, Pennsylvania by Chris Urmson (former CTO of Google's self-driving project, now Waymo), Sterling Anderson (former head of Tesla Autopilot), and Drew Bagnell (former Uber ATG autonomy lead).

In December 2020, Aurora acquired Uber's Advanced Technologies Group (Uber ATG) self-driving unit, with Uber making a $400 million investment in Aurora and taking roughly a 26% equity stake in the combined company. Aurora became a publicly traded company on Nasdaq in November 2021 through a merger with the special-purpose acquisition company Reinvent Technology Partners Y, accompanied by a $1 billion PIPE investment from investors including T. Rowe Price, Fidelity, Baillie Gifford, Sequoia Capital, Uber, PACCAR, and Volvo Group.

Aurora focuses commercially on autonomous heavy-duty trucking, launching driverless (no safety driver) truck operations on Texas highways in 2024 and expanding its "Transport as a Service" network with freight and logistics partners including FedEx, Werner, Schneider, Ryder, Uber Freight, Hirschbach, Volvo Trucks, and PACCAR.

Key facts

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Latest Aurora Innovation, Inc. news