Tech Company Financing Transactions
Aurora Labs Funding Round
On 10/1/2020, Aurora Labs raised $23 million in Series B financing from private investors, LG Electronics USA and Porsche Automobil Holding SE.
Transaction Overview
Company Name
Announced On
10/1/2020
Transaction Type
Venture Equity
Amount
$23,000,000
Round
Series B
Investors
private investors (Lead Investor) (Marius Nacht)
LG Electronics USA (Lead Investor)
Proceeds Purpose
The funds will be used to double the size of Aurora Labs' 30-person team to support going into series production with two of its automotive customers.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
610 S Troy St. 104
Royal Oak, MI 48067
USA
Royal Oak, MI 48067
USA
Phone
Undisclosed
Website
Email Address
Overview
The automotive world is on the cusp of a revolution, with software and connectivity becoming an integral part of conducting business. The management of in-vehicle software development has become increasingly important due to its size and complexity and increasing pressures for ever-shorter development cycles.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Zohar Fox
Chief Operating Officer
Ori Lederman
Chief Scientific Officer
Carmit Sahar
Chief Technical Officer
Kfir Shimon
Chief Technical Officer
Oren Sokoler
VP - Engineering
Sagi Ben-Akiva
VP - Human Resources
Orly Ari
VP - Marketing
Roger Ordman
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