Aurora Labs, an Israeli startup that develops remote software management, remote diagnostics, and over-the-air (OTA) updates for the automotive and IoT industries, secured $63 million through a Series C financing round led by Moore Strategic Ventures (“MSV”). This round brings the total investment in Aurora Labs to approximately $100 million.
Everything is getting more and more technological. Smart self-driving cars are coming and automakers are all adding new computer systems to their vehicles. These systems will allow travelers to operate their cars more efficiently, just like you have seen in sci-fi movies. But such tech comes with risks like hacking.
Imagine riding in your fully automated car only to see it taken over by some nutcase. It would kind of be like that movie “Speed” where Keanu Reeves had to save a bunch of people trapped on a bus rigged with explosives. This is where Aurora Labs steps in. The company also makes it easier for car manufacturers to automatically update the software utilized by their vehicles.
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Founded in 2016 by CEO Zohar Fox and COO Ori Lederman, Aurora Labs boasts that it has reinvented software quality management, remote diagnostics, and over-the-air (OTA) updates for the automotive and IoT industries. Using machine learning algorithms to analyze risks and changes in the software functionality and behavior, Aurora Labs says that its Line-Of-Code Behavior technology improves the user experience and lowers the cost of software quality, safety and security.
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.
Aurora Labs holds 90 patents and has 15 customer projects globally.
“The continued commitment from Porsche SE and the investment from Moore Strategic Ventures and Colmobil Corp, all of which have proven success records of investing in the automotive sector, is evidence of the commercial traction we have in Europe and Asia. The amount of software being developed for, and deployed in, the vehicle is astronomical. For the industry to move forward and realize software-defined vehicles – sophisticated AI solutions are needed to enable Continuous Everything – Continuous Integration, Deployment (CI/CD), Testing, Certification and Updates. Aurora Labs’ solutions will save automotive companies time and money and will ultimately save lives as vehicles become electric and more autonomous,” said Zohar Fox, CEO, Aurora Labs.