On February 7th pioneering self-driving company Aurora Innovation, Inc. announced that it had secured over $530 million in Series B financing led by Sequoia. The funding and partnership will help accelerate Aurora’s mission of delivering the benefits of self-driving technology safely, quickly, and broadly in automated vehicles that move people and goods more safely, inexpensively, and efficiently. The news also sees Carl Eschenbach, Partner at Sequoia, joining existing external directors, Mike Volpi, Reid Hoffman, and Ian Smith, on the Aurora board of directors.
In addition to Sequoia, Amazon and funds and accounts advised by T. Rowe Price Associates, Inc. are making significant investments in Aurora. Lightspeed Venture Partners, Geodesic, Shell Ventures, and Reinvent Capital are also participating, as are previous investors, Greylock and Index Ventures.