Aurora Labs raises $ 8.4 million for its "self-healing automotive software"

July 12, 2018 | Aurora Labs, an Israeli start-up that has developed automotive software solutions and predictive maintenance for connected vehicles, announced Wednesday it raised $ 8.4 million in a Series A financing round led by Fraser McCombs Capital in Texas and the former investor MizMaa Ventures. In Tel Aviv

Aurora Labs said in a statement that it intended to use the funds to expand its international presence and advance its R & D activities. in 2016, has offices in Tel Aviv and Munich.

Aurora claims that its machine learning algorithms address the three steps of an automotive maintenance system to detect, repair, and transparently implement (OTA) software updates.

"The platform detects errors in the behavior of the software and predicts downtime events, corrects imperfections in the electronic computer software (ECU), ensuring a smooth user experience; Aurora Labs' verified and clientless OTA (Over-the-Air) update delivers cost-effective and fast ECU updates without downtime, without the need for dual memory, "says Aurora in a release., CEO and co-founder of Aurora Labs, said in a statement: "Our technology plays a crucial role, enabling innovation without compromising safety in the automotive industry more and more dependent on the software. The continued success of our pilots with three major equipment manufacturers – as well as three new pilots planned for the coming months – is indicative of this crucial need. This funding will help us bring the industry into the era of self healing software.

"Global automakers are grappling with the increasingly complex nature of software innovation and the need for rapid adoption by users. The Aurora Labs self-healing software platform is meeting this challenge, "said Chase Fraser, managing partner of Fraser McCombs Capital, which focuses exclusively on automotive innovation. "Their technology is a crucial element for today's connected car and the autonomous vehicle of the future, Aurora Labs is ready to help our industry greatly, and we are happy to be a partner in this. process. "

Catherine Leung, founder and general partner of MizMaa Ventures, said the Aurora solution" provides a seamless experience for drivers while providing a quick and cost-effective way to solve these problems – in protecting not only the reputation of automakers, but also their bottom line.This is a game changer for the automotive industry worldwide. "