Aurora Raises $820M in Series Unknown

Aurora has successfully raised $820M in a Series Unknown at a $13B valuation led by Sequoia Capital, Greylock Partners, Index Ventures, T. Rowe Price, Amazon, Uber, Hyundai, Volvo, PACCAR.

Company Overview

Aurora is a Autonomous Vehicles company headquartered in 1654 Smallman Street, Pittsburgh, PA 15222, founded in 2017 with 1700+ employees.

Self-driving technology company

Fundraising Details

• Amount Raised: $820M
• Round Type: Series Unknown
• Valuation: $13B
• Date: 2024-03-29
• Investors: Sequoia Capital, Greylock Partners, Index Ventures, T. Rowe Price, Amazon, Uber, Hyundai, Volvo, PACCAR

About Aurora

Self-driving technology company The company is positioned in the Autonomous Vehicles sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: 1654 Smallman Street, Pittsburgh, PA 15222
• Founded: 2017
• Team Size: 1700+
• Industry: Autonomous Vehicles

What This Means

This funding round demonstrates strong investor confidence in Aurora's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Autonomous Vehicles sector continues to attract significant investment as companies innovate to meet evolving market demands. Aurora's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $13B valuation marks an important milestone for Aurora, positioning the company among notable players in the Autonomous Vehicles industry.

Looking Ahead

With this new capital, Aurora is well-positioned to execute on its growth strategy and continue building innovative solutions in the Autonomous Vehicles space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-03-29. For more information about Aurora, visit their headquarters at 1654 Smallman Street, Pittsburgh, PA 15222.