Amazon is pumping money into self-driving startup Aurora

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Amazon drops huge chunk of change on self-driving car tech

"This funding and partnership will accelerate our mission of delivering the benefits of self-driving technology safely, quickly, and broadly", Aurora announced in its blog, adding that "Amazon's unique expertise, capabilities, and perspectives will be valuable for us as we drive towards our mission". "We've been incredibly fortunate that there is a lot of interest in Aurora, and we have been able to pick who is the most strategic for us". Startup Aurora is a developer of full-stack self-driving software systems for automakers. Chris Urmson, the chief executive officer, was an early leader of the driverless vehicle project launched within Google that later became Waymo, now widely seen as the first robotaxi business to emerge.

The third co-founder is Drew Bagnell, formerly of Uber, while, as part of this funding round, Sequoia partner Carl Eschenbach will join Aurora's board.

Aurora, a startup tech company investing in self-driving auto technology, has announced that it has secured over $530 million in financing from a series of investors, including venture capital firm Sequoia Capital, money manager T. Rowe Price Associates, and e-commerce giant Amazon. Aurora raised $90 million in a funding round previous year.

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Early a year ago, it announced its first strategic partnership with Volkswagen Group to bring self-driving cars to market. On the recent earnings call of Waymo's parent, Alphabet CFO Ruth Porat said the company is in talks to move into several other cities beyond the Phoenix area, where its first robotaxi service debuted in late 2018.

Waymo self-driving trucks will carry cargo bound for Google's data centers. Amazon invests in self-driving technology Amazon is very interested in self-driving technology. It hosts an autonomous racing league for 1/18th-scale race cars and teamed up with Toyota on the e-Palette concept - an electric, self-driving vehicle built on a scaleable platform that would allow it to be adapted for a multitude of uses.

A self driving Volvo XC90 outside 737 Harrisonn in San Francisco, Calif., the unmarked headquarters of Otto, an autonomous trucking company acquired by Uber in 2016.

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