Amazon invests in autonomous auto startup Aurora

10 February, 2019, 12:28 | Author: Brooke Harris
  • Lifestyle					Amazon enters self-driving car arena invests in Aurora run by former Tesla execs

As described by the Aurora team in a blog piece published on Medium, "Moreover, all Aurora-powered vehicles carry a common set of self-driving hardware and run the same self-driving software, allowing Aurora and its partners to benefit from the collective scale of all participants...learn [ing] from the combined experience of all vehicles on the platform".

The Series B financing raises Aurora's valuation to almost $2.5 billion according to TechCrunch.

Amazon is clearly keen on the idea of self-driving vehicles, not only having patented a highway network that controls self-driving cars and trucks, but also partnering with Toyota's fully autonomous, battery-electric e-Palette Concept Vehicle and unveiling a series of unmanned robot scouts to deliver goods to Amazon customers. Embark also received significant funding from Sequoia previous year and has raised $47 million overall to date.

Aurora Innovation is notable primarily for its leadership. It marks Sequoia's first investment in the self-driving auto industry, and comes after the firm spent years of studying more than 15 self-driving vehicle companies across the globe, Eschenbach said.

Many companies, however, have encountered technical challenges that have derailed their timelines to deliver self-driving cars and raised questions about the feasibility of deploying fleets of autonomous vehicles in crowded cities. The technical problems and regulatory hurdles that remain are numerous and tricky.

India levels series as Black Caps fail to fire
US is the only country where they have not won a T20I match yet among countries in which they have played the shortest format. As this was a boundary that helped the team record its first-ever T20I win on New Zealand soil.

"Over the last couple of years, we've met with more than 15 of the top autonomous vehicle companies from around the world", said Sequoia's Carl Eschenbach in an interview.

Aurora has kept a low profile and is in a more nascent research and development phase than some of its rivals. The startup has remained fiercely independent, cultivating partnerships with Hyundai, Volkswagen and Byton while designing a suite of software, hardware and data services created to support a range of automakers and transportation networks.

Aurora said it now earns revenue through these partnerships, although it hasn't determined precisely how its business model will evolve once the technology is commercially ready.

T. Rowe Price, another new investor in Aurora, is Tesla's second-largest shareholder after Chief Executive Elon Musk, according to Bloomberg data.

Recommended:



Popular

PSG hands big boost to Manchester United ahead of Champions League clash
The was some good news for PSG as midfielder Marco Verratti returned to the line-up after recovering from an ankle injury. If we miss several players the challenge will be even bigger". "If he comes off, obviously I am anxious .

Southampton and police to probe incident of fans mocking Emiliano Sala
But David Ibbotson, from Crowle, who was lying Sala to the United Kingdom to join Cardiff City , has not been found. The Nantes player was on his way to South Wales after the record £15million signing by Cardiff City .

HIGHLIGHTS: Whitaker testifies Mueller will finish his investigation (Part 2)
Whitaker and Nadler then clashed when the witness informed the chair his five-minute time limit to ask questions had run out. He talks to Anna Maria Tremonti about his time working on Trump's campaign, and having the president's ear.

Teen killers who allegedly shot musician to be charged as adults
He still had a faint pulse, according to the police spokesperson, and was transported to Vanderbilt University Medical Center. Later that day, officers recovered the stolen Chevy Colorado, which had been abandoned in the 1600 block of Timberland Drive.

Virginia Democrat Party Demands Justin Fairfax Resign
Although the costumes obscure the individuals' identities, the image appears in a spread of photos all depicting Northam. The governor's own troubles began when a racist image from his medical school yearbook went public on February 1.

Edmonton Oilers fire general manager Peter Chiarelli
Zuccarello, 31, is having a nice season for NY , and through 35 games he has 24 points, including eight goals and 16 assists. Two players the Oilers placed on waivers on Monday, Ty Rattie and Ryan Spooner , both cleared waivers on Tuesday.

Elizabeth Warren Officially Announces 2020 Presidential Run
Ms Warren intends to spend Sunday in Iowa, where the lead-off caucuses will be the first test of candidates' viability. After her speech in Lawrence, Warren will head that same afternoon to an organizing event in Dover, New Hampshire.

Tulsi Gabbard: 'Assad is not the enemy of the United States'
In a statement to CNN , she said: "First, let me say I regret the positions I took in the past, and the things I said. Hawaii Democratic Congressmember Tulsi Gabbard officially launched her 2020 presidential run Saturday.

Trump vows to end HIV spread within 10 years, critics skeptical
Since then, more than 700,000 people with AIDS have died in the United States, according to the CDC. HIV Epidemic By 2030: Difficult But Doable (Neel/Simmons-Duffin, 2/6).

Hazard compares management style of Sarri to those of Mourinho and Conte
Sarri said after the season that Higuain should win the Ballon d'Or and he stands by his statement, telling reporters: "I told this after the season in Naples".