Aurora Labs fighting recalls by optimizing automotive software development
The Israeli company’s vehicle software intelligence platform utilizes AI to improve car software quality, safety and security
The company offers three different SaaS (Software as a Service) products. “Connected vehicles and safety systems are all trying to save lives. The software is a platform that is based on lines of code technology, and enhances vehicles’ overall software management. Our products dramatically reduce the costs associated with software updates, and also optimize remote services and diagnostics, like a remote garage, for example - so that technicians can actively see issues and resolve them,” he added. The software functions for all connected vehicles.The company’s products include Auto Detect, which accelerates glitch detection and downtime prediction from months in advance to real-time during testing and while on the road; Auto Validate, which works to validate, optimize, and reduce certification and safety-test time and costs by up to 100-fold; and Auto Update, an AI-based solution that issues updates, and saves data and cuts down on hardware costs. Aurora Labs claims that each offering will reduce the cost of vehicles, slashing prices by $2,500 per vehicle. An AI-based revolution Aurora Labs is privately-held and has already conducted three funding rounds, including its most recent $23 million Series B during the third quarter of 2020. So far, the company has raised a total of $34 million from investors including LG Technology Ventures, Porsche SE, Toyota Tsusho, UL Ventures, FM Capital, MizMaa Ventures, Maniv Mobility, Champion Motors, and the angel investor Marius Nacht of aMoon. As for plans on going public, nothing has quite solidified yet. “Currently, we are at an inflection point, and are focusing on deploying our products globally to customers,” Fox said.
“Mobility is undergoing a revolution; that revolution isn’t mechanical, but software-based. A new fuel is required to power these vehicles, and that’s AI,” the company concluded.