Aurora Labs Raises $63 Million In Series C Financing To Bring Ai To The Software-Defined Vehicle
07/07/22, 11:00 AM
Location
tel avivMoney raised
$63 million
Round Type
series c
Aurora Labs, founded in 2016 by Zohar Fox (CEO) and Ori Lederman (COO), announced today that it has secured $63 million through a Series C financing round led by Moore Strategic Ventures (“MSV”). Also participating in the round was existing investor Porsche Automobil Holding SE (“Porsche SE”), majority owner of VW Group and Colmobil Corp, Israel’s leading automotive importer and distributor. Colmobil Corp is led by the Harlap family who were early investors in Mobileye, SolarEdge and Via, amongst others. This round brings the total investment in Aurora Labs to approximately $100 million
Company Info
Location
tel aviv, tel aviv district, israel
Additional Info
Aurora Labs is pioneering the use of AI and Software Intelligence to solve the challenge of automotive software development.
Aurora Labs brings AI-based Vehicle Software Intelligence to the entire lifecycle of a vehicle from software development to testing, integration, quality control, continuous certification and on-the-road over-the-air software updates. Aurora Labs focuses on the embedded systems that are key to the development of the software-defined vehicle and enables automotive manufacturers to more efficiently manage software costs and the resources required to develop and manage new vehicle features and mobility services.
The Company’s products have been adopted on customer platforms around the world, and with a commitment to conform and meet ISO-26262/ASIL-D and ASPICE-L2, will be in vehicles in coming car models. Aurora Labs, founded in 2016, has raised approximately $100m and has been granted 90 patents. The Company is headquartered in Tel Aviv, Israel, with offices in Germany, North Macedonia, the US, and Japan.
www.auroralabs.com