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Self-driving car startup has raised $530 million in a led by .

The round, which also included participation from and , is said to have lifted the three-year-old company鈥檚 valuation to over $2.5 billion, according to .

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The Palo Alto-based company has been a standout in the autonomous vehicle space largely due to the caliber of its founding team, which includes pioneers in the field from , , and . This round brings its total raised to date to . It raised a in February 2018 from and .

Although it was founded in 2016, Aurora didn鈥檛 emerge out of stealth mode until January 2018. The company is working on technology to develop Level 4 and Level 5 (fully autonomous in all circumstances) vehicles and has struck partnerships with large automakers such as Volkswagen and Hyundai.

As mentioned above, all three of Aurora鈥檚 founders鈥�,听and 鈥攁谤别. Crunchbase News鈥檚 Savannah Dowling reported last August, 鈥淚nterestingly, in a tech world where brains and ego often go hand-in-hand, Aurora emphasizes character and lack of ego in its hiring process.鈥� According to this , 鈥渋ts values include 鈥榥o jerks鈥� and 鈥榦perate with integrity.鈥� 鈥�

To read about other venture-backed startups in the space, check out Savannah鈥檚 article here.

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