Aurora Innovation

Last updated
Aurora Innovation, Inc.
Aurora
Company type Public
Nasdaq:  AUR
Industry Self-driving car
Founded2017;7 years ago (2017)
Founders
Headquarters,
U.S.
Key people
RevenueDecrease2.svg US$68 million (2022)
Decrease2.svgUS$−1.723 billion (2022)
Total assets Decrease2.svgUS$2.001 billion (2022)
Total equity Decrease2.svgUS$1.784 billion (2022)
Owner Uber (26%)
Number of employees
1,700 (2022)
Website aurora.tech
Footnotes /references
[1]

Aurora Innovation, Inc., doing business as Aurora, is a self-driving vehicle technology company based in Pittsburgh, Pennsylvania. [1] Aurora has developed the Aurora Driver, a computer system that can be integrated into cars for autonomous driving. Aurora was co-founded by Chris Urmson, the former chief technology officer of Google/Alphabet Inc.'s self-driving team, which became known as Waymo, [2] [3] as well as by Sterling Anderson, former head of Tesla Autopilot, and Drew Bagnell, former head of Uber's autonomy and perception team. [4] [5]

Contents

Aurora tests its vehicles in the San Francisco Bay Area, Pittsburgh, and Dallas. In addition to its headquarters in Pittsburgh and Mountain View, the company also has offices in San Francisco, Bozeman, Montana, and Texas. [6] [7]

History

Aurora was founded in 2017 by Chris Urmson, the former chief technology officer of Google/Alphabet Inc.'s self-driving team, which became known as Waymo. [2] [3] [8] Previously, Urmson was a member of Carnegie Mellon's Red Team, which competed in DARPA's Grand Challenges for autonomous vehicles. [9] [10] [11] His two co-founders are Sterling Anderson, former head of Tesla Autopilot, and Drew Bagnell, former head of Uber's autonomy and perception team. [2] [5] [4]

In January 2018, Aurora signed deals with Volkswagen and Hyundai to develop self-driving software for commercial vehicles. [12] Also in January 2018, at CES 2018, Nvidia partnered with Aurora to provide hardware for Aurora's self-driving systems. [13] [14] [15]

In October 2018, Aurora became the first self-driving vehicle company authorized to test its vehicles in Pennsylvania. [16]

In January 2019, the company raised financing at a $2 billion valuation. [17]

In May 2019, Aurora acquired Blackmore, a Bozeman, Montana-based company focusing on Frequency Modulated Continuous Wave (FMCW) lidar. [18] [19] [20] In June 2019, Aurora announced a partnership with Fiat Chrysler Automobiles to develop self-driving technology in commercial vans. [20] As a result of this partnership, the company was able to acquire Chrysler Pacifica minivans for its fleet of test vehicles. [21] [22] In June 2019, Volkswagen also announced they would be ending their partnership with Aurora. [23]

Aurora expanded its operations to Texas in June 2020, bringing a fleet of test vehicles into the Dallas-Fort Worth area. [21] In July 2020, Aurora debuted its own long-range lidar system called “FirstLight.” [24]

In September 2020, the company moved its headquarters to the Strip District. [25] [26]

In December 2020, Aurora acquired Advanced Technologies Group (ATG), Uber's self-driving unit. Uber CEO Dara Khosrowshahi subsequently joined Aurora's board of directors. Uber also invested $400 million in Aurora and took a 26% ownership stake in the company. [27] [28]

In January 2021, Aurora partnered with PACCAR to develop its first commercial product, a driverless truck. Their technology will be paired with PACCAR's Peterbilt 579 and Kenworth T680 semi-trucks. [29] [30] [31] [32]

In February 2021, Aurora partnered with Toyota and Denso to develop self-driving taxis. [33] [34] [35] [36]

In March 2021, Aurora acquired 5D lidar company OURS Technology, a silicon photonics startup. [37] [38] Also in March, Aurora announced it was partnering with Volvo Group to develop driverless trucks. Of the three largest truck manufacturers, Aurora has partnered with two; the third, Daimler AG, had previously announced it was partnering with Waymo for self-driving technology. [39]

In November 2021, the company became a public company via a merger with Reinvent Technology Partners Y, a special-purpose acquisition company set up by Reid Hoffman and Mark Pincus which provided $2 billion in additional funding. [40] [41] [42]

In March 2022, Aurora unveiled its test fleet of autonomous Toyota Sienna robotaxi. [43] Following this, In May 2022, Aurora announced the development of the Aurora Beacon platform. The platform is a cloud-based mission control system designed for customers to optimise operations of autonomous vehicles via real time metrics such as status, location, and health of vehicles. [44]

In May 2022, Aurora announced the expansion of the organization's self-driving freight pilot with FedEx. The expansion is to include service from Fort Worth to El Paso, Texas. The new route challenged the company for its longest freight truck journey of about 600 miles, in which they will operate on a weekly basis. As of May, Aurora and FedEx have completed a total of 60,000 miles with zero safety incidents, according to the company. [45]

In March 2023, Aurora had 28 Class 8 self-driving trucks that run on public roads and are used with safety backup drivers. [46] Aurora issued a joint application along with Waymo to the Federal Motor Carrier Safety Administration. The companies requested a five-year exemption from rules that require drivers to place reflective triangles or a flare around a stopped tractor-trailer truck, to alert other drivers. Waymo and Aurora instead want to use warning beacons mounted on the truck cab, to avoid needing human drivers. [47]

Products

The company developed the Aurora Driver, a system that consists of sensors, software, and hardware. It can be installed in passenger or commercial automobiles, converting them into self-driving vehicles. [48] [49] [50] The Aurora Driver's software uses data from its sensors to devise a safe path through a given route, while its computer powers these components and integrates them with the vehicle. [50] The system's sensors use Aurora's FirstLight lidar, which was developed from Blackmore's FMCW lidar technology. [24] [51] The first vehicle to be outfitted with the Aurora Driver was the Toyota Sienna. [52]

Conventional lidar uses pulses of light to acquire information about objects surrounding the sensor, including distance and velocity. [53] In contrast, FMCW lidar uses a low-powered continuous beam of light, enabling faster acquisition of distance, velocity, and acceleration of surrounding objects, but often requires bulky mirrors and rangefinders. By acquiring OURS, Aurora hopes to reduce the size of the FMCW lidar hardware. [54] Aurora plans to release the next generation of Aurora Driver, named "Fusion", in 2023. [53]

See also

Related Research Articles

<span class="mw-page-title-main">Self-driving car</span> Vehicle operated with reduced human input

A self-driving car, also known as an autonomous car (AC), driverless car, or robotic car (robo-car), is a car that is capable of driving without human input. Self-driving cars are responsible for all driving activities including perceiving the environment, monitoring important systems, and controlling the vehicle, including navigating from origin to destination.

<span class="mw-page-title-main">Vehicular automation</span> Automation for various purposes of vehicles

Vehicular automation involves the use of mechatronics, artificial intelligence, and multi-agent systems to assist the operator of a vehicle such as a car, lorries, aircraft, or watercraft. A vehicle using automation for tasks such as navigation to ease but not replace human control, qualify as semi-autonomous, whereas a fully self-operated vehicle is termed autonomous.

<span class="mw-page-title-main">Dmitri Dolgov</span> Russian-American businessman (born 1977/1978)

Dmitri Dolgov is a Russian-American engineer who is the co-chief executive officer of Waymo. Previously, he worked on self-driving cars at Toyota and Stanford University for the DARPA Grand Challenge (2007). Dolgov then joined Waymo's predecessor, Google's Self-Driving Car Project, where he served as an engineer and head of software. He has also been Google X's lead scientist.

<span class="mw-page-title-main">Velodyne Lidar</span> American technology company

Velodyne Lidar is a Silicon Valley-based lidar technology company, headquartered in San Jose, California. It was spun off from Velodyne Acoustics in 2016. As of July 2020, the company has had about 300 customers. Velodyne Lidar ships sensors to mobility industry customers for testing and commercial use in autonomous vehicles, advanced driver assistance systems, mapping, robotics, infrastructure and smart city applications. In February 2023, the company merged with Ouster.

<span class="mw-page-title-main">Waymo</span> Autonomous car technology company

Waymo LLC, formerly known as the Google Self-Driving Car Project, is an American autonomous driving technology company headquartered in Mountain View, California. It is a subsidiary of Alphabet Inc, the parent company of Google.

<span class="mw-page-title-main">Mobileye</span> Israeli information technology company

Mobileye Global Inc. is an Israeli autonomous driving company. It is developing autonomous driving technologies and advanced driver-assistance systems (ADAS) including cameras, computer chips, and software. Mobileye was acquired by Intel in 2017 and went public again in 2022.

A robotaxi, also known as robo-taxi, self-driving taxi or driverless taxi, is an autonomous car operated for a ridesharing company.

Ottomotto LLC, d/b/a Otto, was an American self-driving technology company founded in January 2016 by Lior Ron and Anthony Levandowski.

<span class="mw-page-title-main">Anthony Levandowski</span> French-American automobile engineer (born 1980)

Anthony Levandowski is a French-American self-driving car engineer. In 2009, Levandowski co-founded Google's self-driving car program, now known as Waymo, and was a technical lead until 2016. In 2016, he co-founded and sold Otto, an autonomous trucking company, to Uber Technologies. In 2018, he co-founded the autonomous trucking company Pronto; the first self-driving technology company to complete a cross-country drive in an autonomous vehicle in October 2018. At the 2019 AV Summit hosted by The Information, Levandowski remarked that a fundamental breakthrough in artificial intelligence is needed to move autonomous vehicle technology forward.

<span class="mw-page-title-main">Argo AI</span> Autonomous driving technology company

Argo AI was an autonomous driving technology company headquartered in Pittsburgh, Pennsylvania. The company was co-founded in 2016 by Bryan Salesky and Peter Rander, veterans of the Google and Uber automated driving programs. Argo AI was an independent company that built software, hardware, maps, and cloud-support infrastructure to power self-driving vehicles. Argo was mostly backed by Ford Motor Co. (2017) and the Volkswagen Group (2020).

<span class="mw-page-title-main">Chris Urmson</span> CEO of self-driving technology company Aurora

Chris Urmson is a Canadian engineer, academic, and entrepreneur known for his work on self-driving car technology. He cofounded Aurora Innovation, a company developing self-driving technology, in 2017 and serves as its CEO. Urmson was instrumental in pioneering and advancing the development of self-driving vehicles since the early 2000s.

Cruise LLC is an American self-driving car company headquartered in San Francisco, California. Founded in 2013 by Kyle Vogt and Dan Kan, Cruise tests and develops autonomous car technology. The company is a largely autonomous subsidiary of General Motors.

<span class="mw-page-title-main">Self-driving truck</span> Type of autonomous vehicle

A self-driving truck, also known as an autonomous truck or robo-truck, is an application of self-driving technology aiming to create trucks that can operate without human input. Alongside light, medium, and heavy-duty trucks, many companies are developing self-driving technology in semi trucks to automate highway driving in the delivery process.

Nuro, Inc. is an American robotics company based in Mountain View, California. Founded by Jiajun Zhu and Dave Ferguson, Nuro develops autonomous delivery vehicles and is the first company to receive an autonomous exemption from the National Highway Traffic Safety Administration.

Luminar Technologies Inc. is an American technology company that develops vision-based lidar and machine perception technologies, primarily for self-driving cars. The company's headquarters and main research and development facilities are in Orlando, Florida; a second major office is located in Palo Alto, California.

<span class="mw-page-title-main">Zoox (company)</span> American company developing self-driving taxis

Zoox, Inc. is a subsidiary of Amazon developing autonomous vehicles that provide mobility as a service. It is headquartered in Foster City, California and has offices of operations in the San Francisco Bay Area and Seattle, Washington. Zoox sits in the Amazon Devices & Services organization alongside other Amazon units like Amazon Lab126, Amazon Alexa, and Kuiper Systems.

<span class="mw-page-title-main">Yandex self-driving car</span> Robotaxi project

Yandex self-driving car is an autonomous car project of the Russian-based technology company Yandex. The first driverless prototype launched in May 2017. As of 2018, functional service was launched in Russia with prototypes also being tested in Israel and the United States. In 2019, Yandex revealed autonomous delivery robots based on the same technology stack as the company's self-driving cars. Since 2020, autonomous robots have been delivering food, groceries and parcels in Russia and the United States. In 2020, the self-driving project was spun-off into a standalone company under the name of Yandex Self-Driving Group.

Pony.ai is an American autonomous vehicle technology company co-located in Silicon Valley, Beijing, and Guangzhou.

Plus is an American autonomous trucking technology company based in Cupertino, California. The company develops Level 4 autonomous trucking technology for commercial freight trucks. In 2019, the company completed the first cross-country driverless freight delivery in the U.S. The company's self-driving system began to be used commercially in 2021.

References

  1. 1 2 "Aurora Innovation, Inc. 2022 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission.
  2. 1 2 3 Bhuiyan, Johana (December 6, 2017). "Chris Urmson is developing the brains for self-driving cars". Vox.
  3. 1 2 Kelly, Heather (August 5, 2016). "Google loses lead self-driving car engineer Chris Urmson". CNN .
  4. 1 2 "Shaken by hype, self-driving leaders adopt new strategy: Shutting up". The Washington Post . October 18, 2018.
  5. 1 2 Bhuiyan, Johana (December 12, 2016). "Uber has lost three of its top self-driving engineers". Vox.
  6. "Aurora Innovation to acquire Uber's self-driving vehicle unit". Pittsburgh Post-Gazette.
  7. "Aurora expands to Texas in bid to ramp up self-driving truck efforts". 20 July 2020.
  8. Lee, Timothy B. (April 16, 2021). "Google veteran pans Tesla Autopilot: "We were doing better in 2010"". Ars Technica.
  9. "Full Page Reload". IEEE Spectrum. 19 October 2017.
  10. "Driven to Innovate - Carnegie Mellon University | CMU". www.cmu.edu.
  11. "Aurora Is Not Building Autonomous Cars, It's Building Safe Drivers". PCMAG.
  12. Davies, Alex. "America's Hottest Self-Driving Car Startup Just Joined Forces with VW and Hyundai". Wired .
  13. MURRAY, ALAN; HUDDLESTON JR., TOM (January 8, 2018). "AI Takes Center Stage at CES: CEO Daily for January 8, 2018". Fortune .
  14. Etherington, Darrell (January 7, 2018). "Self-driving startup Aurora will work with Nvidia on autonomous driving". TechCrunch .
  15. Korosec, Kirsten (January 8, 2018). "Aurora and Nvidia Are Teaming Up to Build Next Gen Self-Driving Cars". Fortune .
  16. Korosec, Kirsten (October 10, 2018). "Self-driving car startup Aurora becomes Pennsylvania's first 'authorized' tester". TechCrunch .
  17. Clark, Kate (January 8, 2019). "Report: Self-driving car startup Aurora is raising capital at a $2B valuation". TechCrunch .
  18. "Self-driving car startup Aurora acquires Blackmore for Doppler lidar tech". The Robot Report. May 25, 2019.
  19. "Fresh off a $530M round, Aurora acquires lidar startup Blackmore". 23 May 2019.
  20. 1 2 "Aurora's latest acquisition would bolster capability to build lidar sensors at scale". Automotive News. February 26, 2021.
  21. 1 2 Hawkins, Andrew J. (July 20, 2020). "Aurora will test its fleet of self-driving cars and semi trucks in Texas". The Verge.
  22. "FCA partners with Aurora on self-driving tech". Automotive News. June 10, 2019.
  23. Kolodny, Emma; Lora, Newburger (June 11, 2019). "Volkswagen concludes partnership with self-driving start-up Aurora, in talks with Ford". CNBC .
  24. 1 2 "Self-Driving Startup Aurora Debuts its New Long-Range Lidar Called 'FirstLight'". www.futurecar.com.
  25. "Autonomous vehicle firm Aurora gears up for move to the Strip District". Pittsburgh Post-Gazette . September 17, 2020.
  26. Schooley, Tim (September 17, 2020). "Aurora announces local headquarters move to the Strip District" . American City Business Journals .
  27. Bursztynsky, Jessica (December 7, 2020). "Uber sells its self-driving unit to Aurora". CNBC.
  28. Metz, Cade; Conger, Kate (December 7, 2020). "Uber, After Years of Trying, Is Handing Off Its Self-Driving Car Project" . The New York Times .
  29. Schubarth, Cromwell (January 19, 2021). "Aurora gets self-driving heavy truck deal as it wraps up buy of Uber unit" . American City Business Journals .
  30. Wiggers, Kyle (January 19, 2021). "Aurora partners with Paccar to develop driverless trucks". VentureBeat .
  31. Hyatt, Kyle. "Self-driving startup Aurora partners with heavy truck company Paccar". Roadshow.
  32. Smith, Jennifer (January 19, 2021). "Paccar, Aurora to Develop Self-Driving Big Rigs" . The Wall Street Journal .
  33. Hawkins, Andrew J. (February 9, 2021). "Toyota teams up with Aurora and Denso on robotaxi development". The Verge.
  34. "Toyota, Denso team with Aurora on self-driving cars for Uber, others". Business Insider . Reuters. February 2021.
  35. BIGELOW, PETE (February 9, 2021). "Toyota, Denso form robotaxi partnership with Aurora". Automotive News .
  36. Lee, Timothy B. (February 9, 2021). "Months after buying Uber self-driving project, Aurora signs Toyota deal". Ars Technica .
  37. "Aurora acquires 5D LiDAR startup OURS Technology". The Robot Report. March 1, 2021.
  38. "Aurora targets trucking with $2BN SPAC merger plan". optics.org. Retrieved 2021-07-28.
  39. Hull, Dana (March 30, 2021). "Driverless Tech Startup Aurora Adds Volvo to Trucking Partners" . Bloomberg. Retrieved 22 September 2021.
  40. Rosenblatt, Lauren (November 4, 2021). "Self-driving startup Aurora starts trading on the Nasdaq" . Pittsburgh Post-Gazette .
  41. McGee, Patrick (July 15, 2021). "Driverless vehicle start-up Aurora to go public in $11bn Spac merger". Financial Times. Archived from the original on July 15, 2021. Retrieved 2021-07-20.
  42. Tan, Gillian (July 14, 2021). "Self-Driving Startup Aurora in Agreement With Reinvent SPAC". Bloomberg News . Archived from the original on July 15, 2021. Retrieved July 20, 2021.
  43. Bellan, Rebecca (March 23, 2022). "Aurora unveils test fleet of autonomous Toyota Sienna robotaxis". TechCrunch .
  44. "Introducing Aurora Beacon, Aurora's Powerful Suite of Operational Tools" (Press release). Business Wire. 4 May 2022.
  45. Bellan, Rebecca (17 May 2022). "Aurora expands autonomous freight pilot with FedEx in Texas". TechCrunch .
  46. Shepardson, David (2023-04-12). "US union opposes driverless trucks waiver for Waymo, Aurora". Reuters. Retrieved 2023-04-12.
  47. "Federal Register :: Parts and Accessories Necessary for Safe Operation; Exemption Application From Waymo LLC, and Aurora Operations, Inc". Federal Register . 2023-03-09. Retrieved 2023-04-12.
  48. "Aurora and Volvo partner to bring autonomous long-haul trucks to North America".
  49. Schiffer, Zoe (January 24, 2020). "Aurora is finally ready to show the world what it's been up to". The Verge .
  50. 1 2 "Aurora prizes independence in AV world". Automotive News. June 17, 2019.
  51. "Self-Driving Technology Developer Aurora to Partner with Volvo on Autonomous Long-Haul Trucks". www.futurecar.com.
  52. "Aurora Partners With Toyota in Bid to Bring Autonomy to Masses". Transport Topics. February 9, 2021.
  53. 1 2 "Aurora outlines commercial roll-out for silicon photonics lidar". optics.org. September 1, 2021. Retrieved 22 September 2021.
  54. Korosec, Kirsten (February 26, 2021). "Aurora acquires a second lidar company in push to bring self-driving trucks to the road". Techcrunch. Retrieved 22 September 2021.