Breaking News

Fanatec and Trak Racer showcase the future of simulation at SimRacing Expo Frankfurt 2026 Razer Unveils the Barracuda V2 Pro ASUS Republic of Gamers Announces Bulwark Dock DG310 Akasa Announces Fermi CM5 Fanless Case for Raspberry Pi Compute Module 5 LG Electronics Advances the LG Sound Suite Experience With New DTS

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed

Search form

Hyundai and Kia Invest in Self-driving Startup Aurora

Hyundai and Kia Invest in Self-driving Startup Aurora

Enterprise & IT Jun 13,2019 0

Self-driving car software startup Aurora has received investments from its existing partner Hyundai Motor Group, which includes Hyundai Motor Company and Kia Motors Corporation.

The Korean car makers have invested in Aurora as part of Aurora's Series B financing round, contributing to a total amount of about $600 million the U.S. startup has raised. The funding will help Aurora accelerate the development of the Aurora Driver platform.

Baillie Gifford & Co., the top outside investor in Tesla Inc., also participated in Aurora's fundraising round.

Other Series B investors include Sequoia Capital Operations, Amazon.com Inc. and T. Rowe Price Group Inc.

Aurora raised $90 million in its Series A round last year, bringing the total financing to more than $700 million.

Aurora has been working with Hyundai and Kia for the last year to develop the Aurora Driver’s integration into Hyundai’s flagship fuel cell vehicle NEXO. The companies will expand research and development of a self-driving platform for a wide range of Hyundai and Kia’s models.

Earlier this week, Aurora announced a collaboration with FCA US. A day later, Volkswagen AG said it had ended a partnership with Aurora in favor of collaborating on self-driving with Ford Motor Co.

Aurora competes with Alphabet’s Waymo and General Motors’ majority-owned Cruise, among others.

Tags: Self-driving CarsAuroraHyundai MotorKia Motors
Previous Post
Samsung to Use EUV to 1z DRAM Mass Production
Next Post
Samsung Patents Smartphone Design With Curved Sides and In-display Selfie Camera

Related Posts

  • Nvidia Unveils New Ampere Data Center Chips, Ampere Computers, and More

  • Waymo Resumes Driving Operations in Phoenix

  • Volvo Self-driving Cars to Use Luminar LiDAR Technology

  • California Approves Nuro’s Self-Driving Delivery Vehicles for Public Road Operations

  • Hyundai Reveals More Details of the “Prophecy” Concept EV

  • Self-driving Vehicle Companies Suspend Testing

  • Mitsubishi Electric Develops MEMS LiDAR for Autonomous Vehicles

  • Alphabet's Waymo Outlines Latest Hardware and Software Used in its Cars

Latest News

Fanatec and Trak Racer showcase the future of simulation at SimRacing Expo Frankfurt 2026
Gaming

Fanatec and Trak Racer showcase the future of simulation at SimRacing Expo Frankfurt 2026

Razer Unveils the Barracuda V2 Pro
Consumer Electronics

Razer Unveils the Barracuda V2 Pro

ASUS Republic of Gamers Announces Bulwark Dock DG310
Gaming

ASUS Republic of Gamers Announces Bulwark Dock DG310

Akasa Announces Fermi CM5 Fanless Case for Raspberry Pi Compute Module 5
Cooling Systems

Akasa Announces Fermi CM5 Fanless Case for Raspberry Pi Compute Module 5

LG Electronics Advances the LG Sound Suite Experience With New DTS
Consumer Electronics

LG Electronics Advances the LG Sound Suite Experience With New DTS

Popular Reviews

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

SoundPeats Cove Pro

SoundPeats Cove Pro

The Quiet Technology Behind the Spin

The Quiet Technology Behind the Spin

Akaso Brave 8 Lite

Akaso Brave 8 Lite

SoundPeats C30

SoundPeats C30

Kioxia Exceria Plus G3 512GB microSD

Kioxia Exceria Plus G3 512GB microSD

be quiet! Dark Perk Mice

be quiet! Dark Perk Mice

XbotGo Chamaleon

XbotGo Chamaleon

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed