• News
  • Business

Amazon invests in self-driving auto startup Aurora

Amazon invests in self-driving auto startup Aurora

Aurora Innovation Inc., an autonomous driving startup that exited stealth just over a year ago, today revealed that it has secured a mammoth $530 million funding round from a who's who of technology investors. The round reportedly gives Aurora a valuation north of $2.5 billion, making it one of the most valuable independent players in the autonomous driving market. Sterling Anderson, Aurora's chief product officer, previously led Tesla Inc.'s Autopilot team, which developed driver-assistance technology for the electric-car maker.

The founders' impressive credentials have helped Aurora not just with fundraising but also on the business front. "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 is building self-driving technology, and the new funds are aimed at accelerating delivery of that technology, according to the announcement by Aurora.

Respawn's 'Apex Legends' battle royale is available now
McCoy went on to talk about why they went with a surprise and sudden launch instead of hyping up the game beforehand. According to EA, Apex Legends has a few tricks up its sleeve that make it different from other battle royale games.

Having built alliances with Hyundai, Volkswagen, and Chinese carmaker Byton while remaining largely independent, Sequoia said the autonomous auto developer has "the best shot of being the most disruptive force going forward". The new company does have some competition, including Waymo and self-driving companies that were acquired by Ford (Argo AI) and GM (Cruise).

Aurora is among dozens of startups, automakers and large technology companies working on self-driving auto systems, eager to capitalize on a sea change in the transportation industry brought by developments in machine learning. Aurora raised $90 million in a funding round previous year.

"Autonomous technology has the potential to help make the jobs of our employees and partners safer and more productive, whether it's in a fulfilment centre or on the road, and we are excited about the possibilities". Amazon invests in self-driving technology Amazon is very interested in self-driving technology.

Leave Your Comment

Leave Your Comment


Latest News

  • Democrats float 'Green New Deal' to end fossil fuel era

    Democrats float 'Green New Deal' to end fossil fuel era

    The Tampa Bay Times reports that the following Democrats were selected to the new climate change committee: "Reps". The reaction on Twitter was unrestrained in its criticism, while other simply poked fun at Ocasio-Cortez's plan.
    National Basketball Association  trade deadline: Chris Bosh’s advice for LeBron’s expendable teammates

    National Basketball Association trade deadline: Chris Bosh’s advice for LeBron’s expendable teammates

    The Los Angeles Lakers are running out of time to make a deal with the Pelicans for Anthony Davis , and the team is in disarray. It was the first contest Davis was healthy enough to rejoin the team since sustaining the injury on January 18, sources said.
    Canada announces $53M in aid to people of Venezuela

    Canada announces $53M in aid to people of Venezuela

    The fund would receive income accrued by state-run oil firm PDVSA's U.S. unit Citgo Petroleum Corp since last month, when U.S. When asked about a letter sent to him by Venezuelan President Nicolas Maduro, the pontiff admitted not reading it yet.
  • Thai court orders release of Bahrain refugee soccer player

    Thai court orders release of Bahrain refugee soccer player

    He said Federation Internationale de Football Association has not discussed imposing sanctions on either Bahrain or Thailand over the case.
    We will have wind in our sails, insists Greg Laidlaw

    We will have wind in our sails, insists Greg Laidlaw

    Sexton was forced to admit defeat in his battle to stay in the game, trotting off with a bloodied nose and facial injury. Ireland finished the half strongly though, to ensure that they went to the break with the lead.
    Divided Italy blocks European Union  statement on recognizing Venezuela's Guaido

    Divided Italy blocks European Union statement on recognizing Venezuela's Guaido

    Guaido repeatedly has called on Venezuela's military , which has remained loyal to Maduro, to support a transition to democracy. But he didn't say if the Holy See would recognize Guaido and said he had no business interfering in the crisis.
  • India vs New Zealand 1st T20I at Wellington

    India vs New Zealand 1st T20I at Wellington

    The express New Zealand pacer has played only three T20s for his country so far but has managed to impress with seven wickets. India are likely to include Rishabh Pant and it will be interesting to see which player makes it into the team.
    Patriots take on the Rams in Super Bowl LIII

    Patriots take on the Rams in Super Bowl LIII

    With the line at New England -2.5, there's no reason to expect big swings in the public betting percentages as kickoff closes in. The largest margin in a Patriots Super Bowl under this regime has been the eight points the Eagles beat them by a year ago.
    TestVietnam to witness second Trump-Kim summit in late Feb

    TestVietnam to witness second Trump-Kim summit in late Feb

    The North is also apparently demanding the inclusion of a multilateral peace treaty on the summit agenda. He said the USA has "contingencies" prepared in case negotiations fail, but did not give details.
  • Police seize $1.29 billion of ice bound for Australia

    Police seize $1.29 billion of ice bound for Australia

    It was reported to the federal authorities, who established a link between Australian bikie gangs and Mexican cartels. The previous record haul of meth seized in Australia was 1.3 tons in December 2017.
    NBA Trade Grades: Wizards sending Otto Porter Jr. to Bulls

    NBA Trade Grades: Wizards sending Otto Porter Jr. to Bulls

    Parker and Portis are the Bulls third and fourth-leading scorers behind Zach LaVine and Lauri Markkanen. What are they going to do, trade him? The biggest issue is that none of it is especially surprising.
    'Fortnite' Marshmello Concert Was Watched By Over 10 Million Concurrent Players

    'Fortnite' Marshmello Concert Was Watched By Over 10 Million Concurrent Players

    Not only did the event go smoothly, but the general consensus was that it was one of the game's best events yet. If you're on Pacific time, then the Fortnite Marshmello encore will take place at 11pm on Saturday, February 2.
  • You won't believe who showed up at Jennifer Aniston's 50th birthday

    You won't believe who showed up at Jennifer Aniston's 50th birthday

    A source told People website that Aniston was " very happy that he showed up" and "they hugged and chatted for a bit". Shortly after, Brad began a relationship with his Mr & Mrs Smith co-star Angelina Jolie , whom he married in 2014.
    You can now merge your Fortnite accounts to share your V

    You can now merge your Fortnite accounts to share your V

    The whole process should take about two weeks , after which all items and V-Bucks will be in a unified under one happy roof. You can begin the process by heading on over to the official site , where Epic has set up a page especially for this.
    British actor Albert Finney dead at 82 - family

    British actor Albert Finney dead at 82 - family

    The award-winning actor was married twice, having a son, Simon with his first wife Jane Wenham but the couple later divorced. However, he's never been one to take such awards too seriously, and would rarely attend the ceremonies.
  • Supreme Court Disappoints Pro-Lifers, Halts Louisiana Abortion Law

    Supreme Court Disappoints Pro-Lifers, Halts Louisiana Abortion Law

    Going from that title, you might find it hard to guess that the Court just handed down a ruling in favor of abortion access. On Thursday, Chief Justice John Roberts sided with the court's four liberal justices in putting Louisiana's law on hold.
    Super Bowl Champion Rings 2019 - Who Makes Them?

    Super Bowl Champion Rings 2019 - Who Makes Them?

    This will be the 11th time the Patriots compete in the Super Bowl, and the third straight year they've contended for the title. The city also is ready to cast aside 19-year-old memories of the ice storm that put a deep freeze on its last Super Bowl.
    Maduro States Venezuela Is Breaking Allies With The US

    Maduro States Venezuela Is Breaking Allies With The US

    Guaido declared last week that he's interim president of Venezuela and vowed to topple Maduro's administration. He said: "Power is evaporating from Maduro's hands with the passing of the hours".

Breaking News



Recommended

Elizabeth Warren Makes 2020 Presidential Run Official

Kirsten Gillibrand, Kamala Harris, Cory Booker, and Julián Castro all would have a better chance of achieving that goal.

China calls for peaceful dialogue on Venezuela crisis

German Foreign Minister Heiko Maas also said Germany had earmarked €5 million ($5.72 million) worth of assistance for Venezuela. Roughly 40 countries around the world have backed Guaido, who swore himself in as president in January.

Philadelphia 76ers Trade Markelle Fultz: Details

Fultz is a 6-foot-4 guard has played just 19 games for the Sixers this season after suffering a mysterious shoulder injury. The second-rounder will be the most favorable among the Cleveland Cavaliers , the Houston Rockets and the Magic.

Ariana Grande to skip Grammys following disagreement with producers

The singer took to Twitter to clap back, as they say, at the Grammys for saying that she wasn't willing to put in the work. But what's more interesting is the insider insists she was the only performer given this ultimatum.

Texas Man Dies After Exploding Vape Pen Severs Major Artery

Mr Brown was at least the second person to die from an exploding vaporiser in the United States over the past 12 months. The moment an e-cigarette exploded into flames in a man's pocket was caught on camera in California previous year .

Barcelona vs. Real Madrid live stream

Keylor Navas has been the preferred one for the Copa del Rey and he will replace Thibaut Courtois in the line-up on Wednesday. On Saturday, he was treated on the sideline for a leg injury during a 2-2 draw with Valencia in which Messi scored twice.

Pro Football Hall of Fame 2019 announced

All told, Gonzalez managed to total up 1,325 receptions, 15,127 receiving yards and 111 receiving touchdowns during his career. Reed is the first pure safety to be inducted into the Hall of Fame in his first year of eligibility since Ken Houston in 1986.

Trump has a meeting to discuss human trafficking at border

Trump told Congressional leaders that he won't sign a spending bill which does not include funds for a border wall. Pelosi said she was open to negotiating funding for more ports of entry or additional border security technology.

Groundhog Doesn't See His Shadow, Predicting Early Spring

It is only the 19th time out of the 123 recorded appearances that Phil has seen his shadow, the York Daily Record reported . As silly as it all may sound, the ceremonial tradition goes back to 1886 , and has maintained an enduring cultural legacy.

Mavericks to acquire Kristaps Porzingis from Knicks

That's a lot of money to commit to someone with Porzingis' injury, potentially without seeing him play beforehand. NY will clear salary cap space for free agency in the deal in addition to adding Smith.