Report: Self-driving car startup Aurora is raising capital at a $2B valuation

Report: Self-driving car startup Aurora is raising capital at a $2B valuation

5 years ago
Anonymous $L9wC17otzH

https://techcrunch.com/2019/01/08/report-self-driving-car-startup-aurora-is-raising-capital-at-a-2b-valuation/

Early last year, LinkedIn co-founder and prolific venture capital investor Reid Hoffman called Chris Urmson “the Henry Ford of autonomous vehicles (AV).” The vote of confidence and big check from Hoffman, coupled with a team of deeply knowledgable AV entrepreneurs, has catapulted his company, Aurora Innovation, squarely into “unicorn” territory.

Aurora, the developer of a full-stack self-driving software system for automobile manufacturers, is raising at least $500 million in equity funding at more than a $2 billion valuation in a round expected to be led by new investor Sequoia Capital, according to a Recode report. A $500 million financing would bring Aurora’s total raised to date to $596 million and would provide a 4x increase to its most recent valuation.

Report: Self-driving car startup Aurora is raising capital at a $2B valuation

Jan 8, 2019, 11:18pm UTC
https://techcrunch.com/2019/01/08/report-self-driving-car-startup-aurora-is-raising-capital-at-a-2b-valuation/ > Early last year, LinkedIn co-founder and prolific venture capital investor Reid Hoffman called Chris Urmson “the Henry Ford of autonomous vehicles (AV).” The vote of confidence and big check from Hoffman, coupled with a team of deeply knowledgable AV entrepreneurs, has catapulted his company, Aurora Innovation, squarely into “unicorn” territory. > Aurora, the developer of a full-stack self-driving software system for automobile manufacturers, is raising at least $500 million in equity funding at more than a $2 billion valuation in a round expected to be led by new investor Sequoia Capital, according to a Recode report. A $500 million financing would bring Aurora’s total raised to date to $596 million and would provide a 4x increase to its most recent valuation.