Aurora Operations, Inc.
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Aurora Operations, Inc. - overview
Established
2017
Location
Pittsburgh, PA, US
Primary Industry
Software
About
Founded in 2017 and based in California, US, Aurora Operations, Inc. , also known as Aurora Innovation, Inc. , operates as a developer of an AI-integrated self-driving technology for passenger vehicles, light commercial vehicles, and heavy-duty trucks. The company was founded by Chris Urmson (CEO), alongside J.
Andrew Bagnell and Sterling Anderson. In July 2021, Aurora Operations, Inc. will become a publicly listed company through a merger with Reinvent Technology Partners. The company's product is Aurora Driver, an AI-integrated platform that provides software, hardware, and data services to autonomously operate passenger vehicles, light commercial vehicles, and heavy-duty trucks.
The system is controlled by Aurora Computer, a central hub that connects the hardware and autonomy software and enables the Aurora Driver to seamlessly integrate with every vehicle type. It also offers Aurora Atlas, a custom mapping and localization platform that helps the Aurora Driver plan its destination and direction. The company plans to become publicly listed on Nasdaq with the ticker symbol AUR, through a SPAC merger with Reinvent Technology Partners. It also plans to launch its trucking services in late 2023.
Current Investors
Index Ventures, Sequoia, T Rowe Price
Primary Industry
Software
Sub Industries
Automobiles, Other Vehicles & Parts, Hardware, Engineering Software, Logistics Software
Website
www.aurora.tech
Verticals
Artificial Intelligence, Artificial Intelligence, Cloud Computing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Aurora Operations, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PIPE | Completed | Aurora Operations, Inc. | - |
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