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Upstart Aurora Pads Driverless Dreams With $90 Million Injection [Bloomberg Business News]

ALPHABET INC CL C (GOOG)  More Company Research Source: Bloomberg Business News
US:NASDAQ Investor Relations: abc.xyz/investor
PDF Self-driving startup Aurora has added $90 million in funding and two big-name directors as it gears up to deliver autonomous-car software to the world’s automakers. The company’s first major round of funding is one of the largest for an automotive tech company, according to data from CB Insights. The round was led by Greylock Partners and Index Ventures, and includes other investors who were not identified. Aurora declined to disclose the company’s valuation. Reid Hoffman of Greylock Partners and Mike Volpi of Index Ventures will join Aurora’s board. Chris Urmson Photographer: Drew Angerer/Bloomberg Aurora was founded by Chris Urmson, Sterling Anderson and Drew Bagnell, each a former executive from autonomous-car projects at Google, Tesla Inc. and Uber Technologies Inc. The star power of the founding trio, along with the talent it has since attracted, has made Aurora a leading contender in the push to code human drivers off the roads. [Read more]

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