VCs explain why Aurora is one of hottest names in self-driving cars - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Amazon-backed Aurora has bucked the self-driving consolidation trend, but VCs say its fundraising skills and executive 'dream team' make it one of the hottest names in the industry

has been an exception to the trend, staying independent while developing an automated-driving system it hopes to one day sell to trucking and auto companies. But its lack of a deep-pocketed parent hasn't damaged its reputation, at least not among venture capitalists.

When Business Insider asked Sakkers and six other VCs which autonomous-vehicle startups they believe have the most promise, Sakkers and three others picked Aurora. No other company received as many endorsements. Sakkers called the trio "the dream team of autonomy." Mark Norman, a partner at Fraser McCombs Capital, said he has "deep respect" for them.

earlier this year that one mile driven in a virtual-testing system can have as much value as 1,000 miles driven in the real world.An autonomous-vehicle company needs loads of money to have any chance of delivering on its ambitions.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wingman Ventures: Swiss VC fund closes $83 million for startups - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Meet the 16 rising stars of healthcare VC - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Still struggling with becoming A Profitable Forex trader? I can help you out,Make $3000 in just 3 days,No need to pay for Signals,Learn how to invest and generate income all by yourself.Become a successful forex trader today📊💰.DM for more info Markharrisfx
Source: BusinessInsider - 🏆 729. / 51 Read more »

Op-ed: Why a more conservative Supreme Court is bad for small businessIf Amy Coney Barrett is confirmed to the U.S. Supreme Court, a more conservative group of justices may cost small businesses, and a current case involving Ford helps explain why. What's bad for small business is communists. Is this satire? Hahaha. This reeks of desperation.
Source: CNBC - 🏆 12. / 72 Read more »

Barstool Sports, Dave Portnoy explain mobile sports betting strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Barstool is for tools. 'Big names like Dave Portnoy' lol good luck with that As soon as its legal in missouri or kansas, that's where my action will go.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Investing advice, how to hedge from Trump/COVID-driven volatility - Business InsiderA CIO who earned up to 90% per trade during the March crash offers his 2 best strategies for protecting against Trump-driven volatility — and says the president’s diagnosis will be the catalyst for a further sell-off Nice!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Secret Service veterans floored by Trump Walter Reed drive-by - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 28 days uhh Imagine crying because Trump drove by his supporters to show his appreciation FakeNews
Source: BusinessInsider - 🏆 729. / 51 Read more »