Aurora welcomes Carl Eschenbach too its Board along with raising over $530m Series B financing led by Sequoia

– USA, CA –  Aurora today announced that the company has secured over $530 million in Series B financing led by Sequoia. This funding and partnership will accelerate its mission of delivering the benefits of self-driving technology safely, quickly, and broadly.

The company also announced that Carl Eschenbach, Partner at Sequoia, will join our board of directors. “Carl’s experience in operations, partnerships and scaling companies will be invaluable as we continue to build Aurora. He’ll join our existing external directors, Mike Volpi, Reid Hoffman, and Ian Smith.” said the company.

“In addition to Sequoia, Amazon, and funds and accounts advised by T. Rowe Price Associates, Inc. are making significant investments in Aurora. Amazon’s unique expertise, capabilities, and perspectives will be valuable for us as we drive towards our mission. We are also looking forward to having T. Rowe Price with us on this journey as a long-term capital partner.” can we read in its Blog post

Automated vehicles will move people and goods more safely, inexpensively, and efficiently throughout the world’s cities. Aurora is building the self-driving technology that enables this revolution: the Aurora Driver. Achieving a goal this ambitious requires long-term dedication, experience, and resources.

Lightspeed Venture Partners, Geodesic, Shell Ventures, and Reinvent Capital are also participating, as are our previous investors, Greylock and Index Ventures. Each brings with them unique experience and strategic value that will contribute to our mission.

Since we set out on our mission two years ago to deliver the benefits of self-driving technology safely, quickly and broadly, we have received an incredible amount of support and interest in the future we are building. With this newest investment, we will accelerate the development of the Aurora Driver and strengthen our team and ecosystem. The investment and strategic partners we bring on board today will help us build an enduring company.

- DisclaimerNews, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.