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Amazon Invests in Autonomous Startup Aurora

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Feb 8, 2019 5:30 PM 2+ mon ago

Amazon Invests in Autonomous Startup Aurora

Home / News / Amazon Invests in Autonomous Startup Aurora

Amazon has just invested into self-driving startup Aurora, according to a news report from Bloomberg. The $530 million cash infusion, which came from an investor group led by Sequoia Capital, also includes T. Rowe Price Group and has increased Aurora's value to over $2.5 billion. Led by Chris Urmson, Sterling Anderson, and Drew Bagnell, who came from Google, Tesla, and Uber, respectively, Aurora has created partnerships with a number of automakers including Volkswagen Group and Hyundai Motor Group. The company, however, remains an independent entity and designs its hardware and data services to accommodate multiple manufacturers.

Sequoia Capital's investment and the backing of Amazon and T. Rowe Price is considered a big vote of confidence for the self-driving startup. "Over the last couple of years, we've met with more than 15 of the top autonomous ...

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