Auto Software Startup Aurora Labs Raises $8.4 Million Series A
Aurora Labs, creators of a predictive maintenance solution for future-proof automotive software, closed $8.4 million in Series A financing led by Fraser McCombs Capital, along with previous investor MizMaa Ventures.
Aurora Labs’ machine learning algorithms are designed to uniquely address all three stages of vehicle maintenance. First, the platform detects faults in software behavior and predicts downtime events. Second, it fixes flaws on-the-go in the electronic control unit (ECU) software, providing a seamless user experience. Finally, its OEM-verified, clientless over-the-air update solution provides cost-effective and swift ECU updates with zero downtime, without requiring dual memory.
Aurora Labs, which already has three paying global OEM customers, plans to use the funds to expand its international presence beyond its new German offices and advance its R&D activity.