Aurora Labs raises $8.4 million Series A to bring self-healing automotive software to cars
Aurora Labs, the developer of a self-healing platform for connected vehicle software, has raised $8.4 million A round of financing to expand its international presence beyond its new German offices and advance R&D activity. The latest round was led by Fraser McCombs Capital along with previous investor MizMaa Ventures.
In an industry where vehicle innovation is software driven, automakers are faced with ever-shortening development cycles and frequent and unpredictable software issues, resulting in increased rates of costly recalls. Fifteen million vehicles were recalled in 2017 for software flaws, costing the industry billions of dollars, and with the number of lines of code in vehicles projected to grow, so too are the costs. Aurora Labs offers an advanced Predictive Maintenance Solution for connected cars and autonomous vehicles. Their machine learning algorithms uniquely address all three stages of vehicle maintenance: The platform detects faults in software behavior and predicts downtime events; it fixes flaws on-the-go in the electronic control unit (ECU) software, guaranteeing a seamless user experience; and finally, Aurora Labs’ OEM-verified, clientless Over-the-Air (OTA) update solution provides cost-effective and swift ECU updates with zero downtime, without requiring dual memory. In short, Aurora Labs’ technology future-proofs software-driven connected cars.
Founded in 2016 by co-founders Zohar Fox and Ori Lederman, the Tel Aviv, Israel-based Aurora Labs is a leader in on-the-go automotive software fixes and predictive maintenance for connected vehicles, paving the way for the age of the self-healing car. The company already has three paying global OEM customers.
The company offers a self-healing platform for connected vehicle software, with an advanced Predictive Maintenance Solution to future-proof connected and autonomous cars. Aurora Labs’ machine learning algorithms uniquely address all three stages of vehicle maintenance: the platform detects faults in the software behavior and predicts downtime events, guarantees a seamless user experience, the platform fixes errors in the electronic control unit (ECU) software on the go and its vendor-verified clientless, fastest and most cost-effective OTA update solution enables ECU updates with zero downtime and without requiring dual memory.
Aurora Labs’ Line of Code MaintenanceTM technology uses machine learning algorithms to uniquely address all three stages of an automotive maintenance system to detect, repair, and seamlessly implement OTA updates to faults in the software. With the rising cost and frequency of software-driven recalls, Aurora Labs’ Self-Healing SoftwareTM enables predictable and cost-effective rollouts of new automotive features at a time of fundamental change in the industry. Aurora Labs is focused on detecting and fixing SW bugs using proprietary machine learning, root cause analysis, and remote inspection tools, and closing the loop with OTA delta compression installer for 8-64 bit architecture, Linux, and AutoSar OS.
“Our technology fills a crucial role, enabling innovation without compromising on safety in the increasingly software-reliant automotive industry,” said Zohar Fox, CEO and Co-founder of Aurora Labs. “The number of lines of code in vehicles is already roughly 150 million and is only expected to climb. The average of 15-50 errors for every thousand lines of code, with QA missing 15% of them, highlights the need for solutions which can predict downtime events before they cause safety issues, ensuring up-to-date software and rapid resolution of flaws in a cost-effective manner. All of these are crucial features for the industry during this period of innovation and change. The ongoing success of our pilots with three major OEMs – along with three new pilots set for the coming months – is indicative of this critical need. This funding will help us drive the industry into the age of self-healing vehicle software.”
“Global automotive manufacturers are struggling with the increasingly complex nature of software driven innovation and the need for expedient user adoption. The Aurora Labs Self-Healing Software platform is addressing that challenge head on,” said Chase Fraser, a Managing Partner of Fraser McCombs Capital, a U.S. based fund with over $125 million under management which focuses exclusively on automotive innovation. “Their technology is a crucial component for the connected car of today and the autonomous vehicle of tomorrow. Aurora Labs is poised to greatly assist our industry, and we’re pleased to be a partner in that process.”
“The growing number of software recalls has become a significant challenge for automakers, in both financial terms and also the inconvenience it causes to countless drivers who are required to take their vehicles in for servicing,” noted Catherine Leung, a Founder & General Partner of MizMaa Ventures, a global fund with over $100 million under management focused on deep technology innovators emerging from the Israeli high-tech sector. “The Aurora Labs solution ensures a seamless experience for drivers while providing a rapid and cost-effective way to resolve these flaws – protecting not only automakers’ reputations, but their bottom line as well. This is a game-changer for the automotive industry worldwide.”
Below is a video overview of AuroraLabs.