Aurora acquires Uber’s self-driving unit, Advanced Technologies Group (ATG) to accelerate and deliver it first product safely & quickly.
Founded in 2017, Aurora is working on self-driving technology. The company is building the Aurora Driver, a platform that brings together software, hardware and data services to operate passenger vehicles, light commercial vehicles, and heavy-duty trucks across a range of applications.
In addition to acquiring ATG, the company announced a strategic partnership with Uber that connects aurora technology to Uber’s ride-hailing platform and an investment of $400 million in Aurora from Uber.
After this deal Uber CEO Dara Khosrowshahi will join Aurora Board.
“Few technologies hold as much promise to improve people’s lives with safe, accessible, and environmentally friendly transportation as self-driving vehicles. For the last five years, our phenomenal team at ATG has been at the forefront of this effort and in joining forces with Aurora, they are now in pole position to deliver on that promise even faster,” said Dara Khosrowshahi, Uber CEO. “I’m looking forward to working with Chris, and to bringing the Aurora Driver to the Uber network in the years ahead.”
Aurora is backed by Amazon and Sequoia, among others. The company has offices in those three cities and in Bozeman, Montana.