Aurora Labs Overview
Aurora Labs develops Line-of-Code Intelligence (LOCI), an artificial intelligence technology used to analyze and optimize software for the automotive industry. The company's platform offers artificial intelligence-based vehicle software intelligence for the entire lifecycle of a vehicle from software development to testing, integration, quality control, continuous certification and on-the-road over-the-air software updates, enabling businesses with predictive software maintenance throughout the vehicle lifecycle and improving performance.
Cumulative Funding Raised Over Time ($)
$8.5MJul 2018
$71.5MJul 2022
$74.5MNov 2017
$97.5MSep 2020
Latest News
growth-negative
The Israeli autotech company shifts focus to high-performance computing in vehicles and data centers.
Aurora Labs, an Israeli autotech company, is undergoing a strategic pivot towards high-performance computing (HPC) monitoring in vehicles and data centers. This shift has resulted in the layoff of 45 employees, representing 60% of its workforce. The company is reallocating resources to develop LOCI, an AI-driven platform for real-time observability of HPC components. Despite the layoffs, Aurora Labs remains financially strong, having raised close to $100 million, including $63 million in a Series C round in 2022. The company plans to recruit new talent in AI and machine learning to support its new focus.
LayoffsInvestmentExpand
growth-negative
אחרי גיוסים של 100 מיליון דולר: אורורה לאבס פיטרה 60% מעובדיה
Aurora Labs, an Israeli autotech company, has laid off approximately 60% of its workforce, equating to 45 out of 75 employees. This move is part of a significant business shift towards high-performance computing (HPC) monitoring for vehicles and data centers. Despite the layoffs, the company claims to have cash reserves amounting to tens of millions of dollars. The CEO, Zohar Fox, denied anonymous reports suggesting the company is nearing closure. The layoffs follow a previous investment round where Aurora Labs raised $100 million.
Layoffs
growth-positive
Aurora Labs LOCI - the first AI Advisor Engineer with advanced prompting capabilities for software development
Aurora Labs has announced a technical preview of LOCI 2.0, an AI Advisor Engineer with advanced prompting capabilities. The tool is designed to detect software anomalies, provide guidance on project branches, and help develop accurate tests to improve system quality and reliability. The company is offering a free early access offer for engineers before the tool becomes generally available in Q4 2024. LOCI 2.0 extends the capabilities of GitHub Copilot and is compatible with hardware from suppliers such as Infineon, NVIDIA, NXP, Qualcomm, Renesas, Samsung, and STMicroelectronics.
CustomersPartnersInvestment
growth-positive
Infineon teams up with Aurora Labs on predictive maintenance for driver safety
Infineon Technologies and Aurora Labs have announced a partnership to provide improved predictive maintenance solutions for the automotive industry, with the aim of enhancing driver safety. The partnership will leverage Aurora Labs’ Line-of-Code Intelligence (LOCI) AI technology, implemented on Infineon’s 32-bit TriCore AURIX TC4x family of microcontrollers (MCUs). This integration will allow automotive manufacturers to improve vehicle safety, reliability, and performance over a vehicle’s lifespan. The partners aim to facilitate predictive safety maintenance using AI capabilities, ensuring a seamless and secure experience for drivers.
Partners
growth-positive
NTT DATA and Aurora Labs announce a global strategic cooperation for software over-the-air updates supported by Artificial Intelligence and 5G connectivity
NTT DATA and Aurora Labs have announced a global strategic cooperation in the Automotive Industry, focusing on AI technology and 5G for over-the-air software updates. The partnership aims to achieve a 25-fold increase in efficiency and enable updates of 5000 nodes per radio cell. NTT DATA will provide its industry expertise and 5G expertise, while Aurora Labs will contribute its AI capabilities. The collaboration will address software agility in development, production, and on the road. The companies believe that their solution will be a game changer for managing the software lifecycle of Infotainment and ADAS systems. NTT DATA is a global digital business and IT services leader, while Aurora Labs is an automotive AI company.
PartnersCustomers
| Sector | Automotive & Mobility Technologies |
Funding
| Total funding | $97.5M |
| Last funding | $63M |
| Stage | C |
| Rounds | 4 |
| Investors | 13 |
Team Members
2
Employees: 51-200
Web & Social Links
| Website | www.auroralabs.com |
| Careers | Careers page |
Locations
Rothschild Boulevard 45, Tel Aviv-Yafo, Israel
Emmy-Noether-Ring 18, 85716 Unterschleiheim, Germany
610 S Troy St, Royal Oak, MI, USA
Naum Naumovski Borche 65, Skopje 1000, Macedonia (FYROM)
Photos & Videos
2 item(s)
Aurora Labs Business
Business models
B2B
Product stage
Released
Employees
51-200
Sector
Automotive & Mobility TechnologiesAutonomous & ConnectedTarget Customer
Industrial ManufacturingDiscrete IndustriesAutomotiveCore Technology
Artificial IntelligenceMachine LearningTags (10)
software-developmentartificial-intelligenceoemsaasanomaly-detectionmachine-learningautomotiveautonomous-vehiclessmart-mobilityconnected-vehiclesGeographic Markets
North AmericaEuropeEast AsiaAurora Labs Financials
$97.5M
Total funding
Undisclosed
Capital raised
$63M
Last funding
C
Funding stage
4
Total rounds
13
Investors
Cumulative Funding Raised Over Time ($)
$8.5MJul 2018
$71.5MJul 2022
$74.5MNov 2017
$97.5MSep 2020
Private Equity Funding
C Round
Jul 2022
$63M
Moore Strategic Ventures (Lead)
,
Porsche SE, Colmobil Corp
B Round
Sep 2020
$23M
LG Technology Ventures (Lead)
,
UL Ventures, Marius Nacht, Toyota Tsusho Corporation, Porsche SE
A Round
Jul 2018
$8.5M
TA Ventures, MizMaa Ventures, Fraser McCombs Capital
Seed
Nov 2017
$3M
MizMaa Ventures, Expansion Venture Capital, Maniv Mobility, Trucks Venture Capital
Aurora Labs Lifecycle
Cumulative Funding Raised Over Time
$8.5MJul 2018
$71.5MJul 2022
$74.5MNov 2017
$97.5MSep 2020
All Events
C Round
Jul 2022
$63M
Moore Strategic Ventures (Lead)
,
Porsche SE, Colmobil Corp
B Round
Sep 2020
$23M
LG Technology Ventures (Lead)
,
UL Ventures, Marius Nacht, Toyota Tsusho Corporation, Porsche SE
A Round
Jul 2018
$8.5M
TA Ventures, MizMaa Ventures, Fraser McCombs Capital
Seed
Nov 2017
$3M
MizMaa Ventures, Expansion Venture Capital, Maniv Mobility, Trucks Venture Capital
Aurora Labs News
13 articles
growth-negative
The Israeli autotech company shifts focus to high-performance computing in vehicles and data centers.
Aurora Labs, an Israeli autotech company, is undergoing a strategic pivot towards high-performance computing (HPC) monitoring in vehicles and data centers. This shift has resulted in the layoff of 45 employees, representing 60% of its workforce. The company is reallocating resources to develop LOCI, an AI-driven platform for real-time observability of HPC components. Despite the layoffs, Aurora Labs remains financially strong, having raised close to $100 million, including $63 million in a Series C round in 2022. The company plans to recruit new talent in AI and machine learning to support its new focus.
LayoffsInvestmentExpand
growth-negative
אחרי גיוסים של 100 מיליון דולר: אורורה לאבס פיטרה 60% מעובדיה
Aurora Labs, an Israeli autotech company, has laid off approximately 60% of its workforce, equating to 45 out of 75 employees. This move is part of a significant business shift towards high-performance computing (HPC) monitoring for vehicles and data centers. Despite the layoffs, the company claims to have cash reserves amounting to tens of millions of dollars. The CEO, Zohar Fox, denied anonymous reports suggesting the company is nearing closure. The layoffs follow a previous investment round where Aurora Labs raised $100 million.
Layoffs
growth-positive
Aurora Labs LOCI - the first AI Advisor Engineer with advanced prompting capabilities for software development
Aurora Labs has announced a technical preview of LOCI 2.0, an AI Advisor Engineer with advanced prompting capabilities. The tool is designed to detect software anomalies, provide guidance on project branches, and help develop accurate tests to improve system quality and reliability. The company is offering a free early access offer for engineers before the tool becomes generally available in Q4 2024. LOCI 2.0 extends the capabilities of GitHub Copilot and is compatible with hardware from suppliers such as Infineon, NVIDIA, NXP, Qualcomm, Renesas, Samsung, and STMicroelectronics.
CustomersPartnersInvestment
growth-positive
Infineon teams up with Aurora Labs on predictive maintenance for driver safety
Infineon Technologies and Aurora Labs have announced a partnership to provide improved predictive maintenance solutions for the automotive industry, with the aim of enhancing driver safety. The partnership will leverage Aurora Labs’ Line-of-Code Intelligence (LOCI) AI technology, implemented on Infineon’s 32-bit TriCore AURIX TC4x family of microcontrollers (MCUs). This integration will allow automotive manufacturers to improve vehicle safety, reliability, and performance over a vehicle’s lifespan. The partners aim to facilitate predictive safety maintenance using AI capabilities, ensuring a seamless and secure experience for drivers.
Partners
growth-positive
NTT DATA and Aurora Labs announce a global strategic cooperation for software over-the-air updates supported by Artificial Intelligence and 5G connectivity
NTT DATA and Aurora Labs have announced a global strategic cooperation in the Automotive Industry, focusing on AI technology and 5G for over-the-air software updates. The partnership aims to achieve a 25-fold increase in efficiency and enable updates of 5000 nodes per radio cell. NTT DATA will provide its industry expertise and 5G expertise, while Aurora Labs will contribute its AI capabilities. The collaboration will address software agility in development, production, and on the road. The companies believe that their solution will be a game changer for managing the software lifecycle of Infotainment and ADAS systems. NTT DATA is a global digital business and IT services leader, while Aurora Labs is an automotive AI company.
PartnersCustomers
growth-positive
אורורה לאבס ואינפיניון הדגימו ב-CES טכנולוגיה לעדכוני תוכנה מרחוק לרכבים - Chiportal
Israeli company Aurora Labs and Infineon Technologies are partnering to provide breakthrough capabilities for efficient and fast remote software updates (OTA) in vehicles. Aurora Labs demonstrated its AI-based technology for performing remote software updates and predicting downtime on Infineon Technologies TC3xx and TC4xx AURIXTM chips. The collaboration between Aurora Labs and Infineon Technologies combines advanced knowledge in the field of software, solutions in the field of semiconductors, and AI-based technologies, enabling efficient management of installed software throughout the vehicles life.
Partners
growth-positive
Aurora Labs raises $63 million Series C for vehicle software intelligence CTech
Israeli autotech startup Aurora Labs has raised $63 million in a Series C financing round led by Moore Strategic Ventures. The funding brings the total investment in the company to approximately $100 million. Aurora Labs provides AI-based Vehicle Software Intelligence solutions that allow automotive companies and suppliers to develop, certify, diagnose software, and conduct over-the-air updates. The funding will be used to further develop and expand the companys technology. Porsche Automobil Holding SE and Colmobil Corp, led by the Harlap family, were also participants in the funding round.
Investment
growth-positive
Israeli car software co Aurora Labs raises $23m
Israeli vehicle remote software management company Aurora Labs has raised $23 million in a Series B financing round led by LG Technology Ventures and Marius Nacht. The funding round also saw participation from Porsche SE, Toyota Tsusho, and UL Ventures, as well as existing investors. Aurora Labs provides carmakers, tier-1s, silicon vendors, and enterprises with remote software management, remote diagnostics, and over-the-air software updates. The companys solutions are used by global automotive manufacturers and device manufacturers to collect actionable data and predict and fix software problems. The funding will help Aurora Labs further develop its technology and expand its partnerships in the automotive industry.
Investment
growth-positive
Aurora Labs Wins the eMove360° Award for its In-Vehicle Software Management Solution - Aurora Labs
Aurora Labs has won the eMove360 Award for Electric & Autonomous Mobility in the category Automated Driving & Electronics for its Line-of-Code BehaviorTM technology. This technology provides automotive manufacturers with a comprehensive solution to manage, certify, and maintain software-driven automotive features. Aurora Labs solution uses Machine Learning and AI to detect errors in the line-of-code behavior and functionality of a vehicles software, ensuring vehicle and driver safety. The company also enables over-the-air updates of electronic control units (ECUs) with zero downtime. The award recognizes Aurora Labs contribution to fostering trust in autonomous driving and new vehicle innovations.
Customers
growth-positive
Aurora Labs Named A Cool Vendor By Gartner - Aurora Labs
Aurora Labs has been named a Cool Vendor by Gartner Inc. in their report on Automotive and Smart Mobility. The report recognizes Aurora Labs as an innovative vendor that uses AI-powered solutions to transform the mobility market. Aurora Labs enables automotive manufacturers to proactively respond to future vehicle software architectures and bring vehicles to market faster. The company is working with car manufacturers and suppliers to introduce new technologies, including machine learning and AI, to the industry. Aurora Labs has also been invited to participate in the STARTUP AUTOBAHN innovation platform. Gartners recognition validates the need for automotive manufacturers to adopt new solutions for agile development processes.
Partners
growth-positive
Industry Veteran Roger Ordman Joins Self-Healing Software Company Aurora Labs as Executive Vice President of Marketing
Aurora Labs has appointed Roger Ordman as Executive Vice President of Marketing to lead the companys marketing initiatives. The appointment is seen as a crucial part of the companys growth as it continues to innovate in the automotive market. Aurora Labs is known for its Self-Healing Software™ for future-proof automotive software. The company recently announced a Series A round investment of $8.4 million, which is fueling its product development and international sales and marketing expansion efforts.
Management Changes
growth-positive
Isaeli autotech co Aurora Labs raises $8.4m
Aurora Labs, an autotech company based in Tel Aviv, has closed an $8.4 million A round of financing led by Fraser McCombs Capital and MizMaa Ventures. The company has developed a predictive maintenance solution for future-proof automotive software and already has three paying global OEM customers. The funds will be used to expand its international presence and advance R&D activity. Aurora Labs technology addresses the increasing complexity of software-driven innovation in the automotive industry and aims to predict downtime events, fix flaws in software, and provide cost-effective and swift ECU updates. The companys success with major OEMs and the critical need for its solutions indicate the potential for growth in the industry. The investors believe that Aurora Labs self-healing software platform is crucial for the connected car and autonomous vehicle market.
CustomersInvestment
growth-positive
Aurora Labs Opens German Office, Providing a Self-Healing Platform for Connected Cars to the German Market
Aurora Labs has announced the opening of their German office, which will serve as the base of operations for their expanding operations in Germany. The office will be led by the newly appointed country manager, Mr. Rudolf von Stokar. Aurora Labs offers a self-healing platform for connected vehicle software and a Predictive Maintenance Solution. The company is already working with several German and international OEMs and Tier 1 providers. The German automotive industry is seen as a critical market for Aurora Labs.
Partners
Aurora Labs Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 57 |
| Team members | 2 |
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Aurora Labs Internal
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515557114 |
| Crunchbase | aurora-labs |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-04-18T00:00:00.000Z |
| Created | 2016-10-26T00:00:00.000Z |
| Claimed | Yes |