Aurora Innovation

Aurora Innovation

Develops self-driving technology for vehicles

About Aurora Innovation

Simplify's Rating
Why Aurora Innovation is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Robotics & Automation

Automotive & Transportation

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Mountain View, California

Founded

2017

Overview

Aurora Innovation develops self-driving technology aimed at changing how transportation works. Their main product, the Aurora Driver, can be added to different types of vehicles to allow them to drive themselves, transporting both people and goods. Aurora stands out from competitors by working closely with logistics companies, ridesharing services, and vehicle manufacturers to help them use this technology effectively. They make money by licensing the Aurora Driver to these partners, providing ongoing support and updates. A key feature of their technology is the FirstLight Lidar sensor, which helps vehicles detect their surroundings with great accuracy. Aurora's goal is to make transportation safer and more accessible for everyone.

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Simplify's Take

What believers are saying

  • Partnership with Nvidia and Continental boosts Aurora's driverless truck capabilities.
  • Aurora's new facility at Montana State University enhances R&D efforts.
  • Nvidia's AI advancements could accelerate Aurora's autonomous vehicle development.

What critics are saying

  • Regulatory challenges from USDOT could delay autonomous truck deployment.
  • Uber CEO's resignation from Aurora's board may impact strategic direction.
  • Increased competition from Nvidia's partnerships could overshadow Aurora's advancements.

What makes Aurora Innovation unique

  • Aurora's FirstLight Lidar offers superior range and speed for autonomous vehicles.
  • Partnerships with Toyota, Uber, and Volvo enhance Aurora's market credibility.
  • Aurora's Virtual Testing Suite ensures robust and reliable technology before deployment.

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Funding

Total Funding

$2616.6M

Above

Industry Average

Funded Over

6 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Medical, Vision, Life Insurance

Paid leave

Vacation, Holidays & Sick Time

LinkedIn Learning

Aurora Academy

401(k)

Commuter Benefits

Flexible Spending Account

Onsite Food

PerkSpot

Working from Home Support

Emotional & Physical Wellness

Employee Assistance Program

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

0%

2 year growth

0%
HR Tech Wire
Feb 25th, 2025
Aurora to Present at Cantor Global Technology Conference

Aurora Innovation, Inc. (NASDAQ: AUR) today announced David Maday, Chief Financial Officer, will participate in a fireside chat at the Cantor Global Technology Conference on March 11, 2025 at 10:40 am Eastern Time.

The Trucker
Jan 13th, 2025
Aurora files suit against USDOT over rejection of cab-mounted warning beacons

WASHINGTON - Aurora Innovation has filed suit against the U.S. Department of Transportation (USDOT) and the Federal Motor Carrier Safety Administration (FMCSA) claiming the agency "arbitrarily" rejected the industry's idea for an alternative solution for modern roadside warning devices.

FreightWaves
Jan 10th, 2025
Autonomous Trucks Have A Triangle-Shaped Problem

The autonomous truck battle: Roadside cab-mounted beacons versus triangles(Photo: Jim Allen/FreightWaves)The question of roadside warning devices adds a triangle-shaped wrinkle to autonomous truck makers’ plans after the Federal Motor Carrier Safety Administration recently ruled that Aurora and Waymo did not provide enough data backing their request to ditch the traditional triangular road devices for cab-mounted warning beacons. Aurora and Waymo filed the petition in 2023 seeking a five-year exemption from the required placement of warning devices around stopped commercial motor vehicles (CMVs). Level 4 automated driving systems (ADS) have a unique issue if a roadside event occurs – namely that there would not be a person available to leave the vehicle and place warning devices, which can come in the form of fusees, liquid-burning flares or three bidirectional reflective triangles. For the FMCSA, one of the reasons behind the denial is that the cab-mounted warning beacons are only at the front of the truck, while the flares, fusees or reflective triangles are behind the trailer. In layman’s terms, the concern is that it’s harder to see. FMCSA Deputy Administrator Vinn White said in the denial notice: “One distinction between … warning triangles and the proposed beacons is that warning triangles are placed at the rear of a stopped CMV (in addition to the front), while the proposed beacons are located only at the front of the cab — raising the possibility that drivers see the rear of a stopped CMV before they see the beacons. While applicants contend that the beacons are visible from behind the vehicle, the evidence was inconclusive.”The same notice stated that Waymo commissioned a study to evaluate whether drivers could detect, recognize and respond to certain beacons on a closed test track in daylight and nighttime conditions while simulating a stopped CMV. The study compared driver reactions to cab-mounted warning beacons with reactions to warning triangles and found that the participants preferred the beacons over the triangles. Aurora also did a study observing the reactions of over 7,000 passenger vehicles to the presence of beacons versus warning triangles on public roads with unaware passing motorists traveling at highway speeds

UpAlpha
Jan 9th, 2025
Why Nvidia Stock Remains a Top Pick for Investors

Additionally, Nvidia has partnered with Aurora Innovation (NASDAQ:AUR) and Continental AG (OTC:CTTAF) to develop driverless trucks using the next-gen DRIVE Thor system.

PYMNTS
Jan 7th, 2025
Nvidia Ai To Boost Development Of Autonomous Vehicle Tech

Autonomous vehicles (AVs) are emerging as a use case for artificial intelligence, with Nvidia announcing partnerships with carmakers to develop self-driving technology using its hardware and software platform. “The AV revolution has arrived after so many years, with Waymo’s success and Tesla’s success,” said Nvidia CEO Jensen Huang during a keynote speech at CES 2025 in Las Vegas Monday (Jan. 6). Nvidia and Uber announced in a Monday press release that they will jointly develop AI-powered self-driving technology. Uber will use data from millions of trips taken in its vehicles and pair it with Nvidia’s new generative world foundation model, Cosmos. This enables Uber’s AI systems to train in virtual-world settings

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