Aurora Labs
Pioneering the use of Software Intelligence to solve the challenge of automotive software development.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
* | $63.0m | Series C | |
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 24 % | 114 % | 32 % | 60 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Aurora Labs is a tech startup that operates in the automotive software industry. The company specializes in developing advanced software solutions for electric vehicles (EVs), with a focus on software-defined vehicles. This means that the vehicles' functions and features are primarily controlled by software rather than mechanical parts. Aurora Labs' clients are primarily automotive manufacturers and suppliers who are looking to enhance their EV offerings with advanced software features.
Aurora Labs' business model revolves around providing its clients with software intelligence driven by its patented Line-of-Code Intelligence technology. This technology uses artificial intelligence (AI) to analyze software at the line of code resolution, converting complex information into powerful insights. This allows for proactive detection of software vulnerabilities and enables software updates at the line of code resolution.
One of the company's key offerings is its AI-driven software glitch catcher, which accelerates software glitch detection and downtime prediction from months to real-time during testing and on the road. Another offering is its machine learning-driven over-the-air (OTA) updates, which drive 20-50x smaller files, saving data and hardware costs, with zero downtime. This provides the best user experience for the end-users of the vehicles.
Aurora Labs generates revenue by selling its software solutions to its clients. The company has been recognized for its innovative approach, winning the "Best Use of AI in AutoTech" award in the 2022 AutoTech Breakthrough Awards Program and being named a CES® 2024 Innovation Awards honoree.
Keywords: Automotive Software, Electric Vehicles, Software-Defined Vehicles, Line-of-Code Intelligence, Artificial Intelligence, Software Glitch Detection, Over-The-Air Updates, Machine Learning, Software Vulnerability Detection, AutoTech.