TEL AVIV, Israel–(BUSINESS WIRE)–Sep 22, 2020–
Aurora Labs, founded in 2016 by Zohar Fox (CEO) and Ori Lederman (COO), announced today that it has secured $23 million in Series B funding from top automotive manufacturers, electronics and technology corporations and venture capitalists. The round was jointly led by LG Technology Ventures, the investment arm of the LG Group, and Marius Nacht, co-founder of Check Point Software Technologies. Porsche SE, majority owner of the VW group which includes Volkswagen, Audi, Porsche, Skoda and SEAT among its brands, Toyota Tsusho, a member of Toyota Group, UL Ventures, the investment arm of UL, the global safety certification company and existing investors participated in the latest round. The Series B funding was substantially oversubscribed.
The $23 million is in addition to the $11.1 million in funding raised previously from investors including Fraser McCombs Capital and MizMaa Ventures. This announcement is a follow-up to a