About Aurora Innovation
Aurora Innovation develops self-driving technology aimed at changing how transportation works. Their main product, the Aurora Driver, can be added to different types of vehicles to allow them to drive themselves, transporting both people and goods. Aurora stands out from competitors by working closely with logistics companies, ridesharing services, and vehicle manufacturers to help them use this technology effectively. They make money by licensing the Aurora Driver to these partners, providing ongoing support and updates. A key feature of their technology is the FirstLight Lidar sensor, which helps vehicles detect their surroundings with great accuracy. Aurora's goal is to make transportation safer and more accessible for everyone.
Mountain View, CaliforniaHeadquarters
2017Year Founded
$2,616.6MTotal Funding
IPOCompany Stage
Robotics & Automation, Automotive & TransportationIndustries
1,001-5,000Employees
Benefits
Medical, Vision, Life Insurance
Paid leave
Vacation, Holidays & Sick Time
LinkedIn Learning
Aurora Academy
401(k)
Commuter Benefits
Flexible Spending Account
Onsite Food
PerkSpot
Working from Home Support
Emotional & Physical Wellness
Employee Assistance Program
Risks
Regulatory challenges with FMCSA may delay autonomous truck deployment.
Over-reliance on Nvidia and Continental partnerships poses technological and financial risks.
Uber CEO's resignation from Aurora's board may impact strategic decisions and partnerships.
Differentiation
Aurora's FirstLight Lidar offers superior range and speed for autonomous vehicles.
Partnerships with Toyota, Uber, and Volvo enhance Aurora's market credibility.
Aurora's Virtual Testing Suite ensures robust and reliable technology before deployment.
Upsides
Partnership with Nvidia and Continental boosts technological capabilities and market reach.
New facility in Bozeman accelerates LiDAR research and autonomous systems development.
Expansion to Phoenix provides valuable data for optimizing autonomous driving technology.
Funding
Total raised$2.62 B
Latest valuation$11.00 B
StageIPO
POST IPO EQUITY
7/31/2024$483
SPAC PRIVATE PLACEMENT
6/30/2023$600
SPAC IPO
6/30/2021$850
$11.00 BGROWTH EQUITY VC
11/30/2020$400
$10.00 BSERIES A
1/31/2018$90
$450.00 M