Aurora Labs Raises $8.4 Million for its 'Self-Healing' Automotive Software
【Summary】Aurora Labs, an Israeli-based company working on predictive maintenance solutions for automotive software, announced it closed an $8.4 million A round of financing led by Fraser McCombs Capital and MizMaa Ventures. Aurora will use the new funds to expand its international presence beyond its recently opened Munich, Germany office and to expand its research and development.
Aurora Labs, an Israeli-based company working on predictive maintenance solutions for automotive software, announced it closed an $8.4 million A round of financing led by Fraser McCombs Capital and MizMaa Ventures.
Aurora will use the new funds to expand its international presence beyond its recently opened Munich, Germany office and to expand its research and development.
The automotive tech startup offers an advanced predictive maintenance solution for connected cars and autonomous vehicles. The company uses machine learning algorithms to address vehicle maintenance.
As vehicles rely more on computer software rather than mechanical systems, automakers are faced with shorter development cycles, increasing the chance of unpredictable software issues which can lead to costly recalls. As the number of lines of code in vehicles projected to grow, so too are maintenance costs.
Aurora's platform can detect faults in software behavior and fix software flaws in electronic control unit (ECU) software, which is essentially the vehicle's brain. Aurora's software maintenance technology can push over-the-air (OTA) updates directly to a vehicle's ECU, updating it with zero downtime.
Fifteen million vehicles were recalled in 2017 for software issues, costing the automakers billions of dollars.
"Our technology fills a crucial role, enabling innovation without compromising on safety in the increasingly software-reliant automotive industry," said Zohar Fox, CEO and Co-founder of Aurora Labs. "The number of lines of code in vehicles is already roughly 150 million and is only expected to climb. The average of 15-50 errors for every thousand lines of code, with QA missing 15 percent of them."
In the event of a fault with an autonomous car, the company's ECU software fault management system enables the vehicle to roll back to the previous, error-free version in real-time, ensuring that the car continues to run smoothly.
"The growing number of software recalls has become a significant challenge for automakers, in both financial terms and also the inconvenience it causes to countless drivers who are required to take their vehicles in for servicing," noted Catherine Leung, a Founder & General Partner of MizMaa Ventures.
Aurora Labs is currently working with three major OEM's testing its product, which the company did not disclose.
Originally from New Jersey, Eric is an automotive and technology reporter specializing in the high-tech industry in Silicon Valley. Eric has over fifteen years of automotive experience and a B.A. in computer science. These skills, combined with technical writing and news reporting, allows him to fully understand and identify new and innovative technologies in the automotive industry and beyond. He has worked on self-driving cars and as a technical writer, helping people to understand and work with technology. Outside of work, Eric likes to travel to new places, play guitar, and explore the outdoors.
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