Israel-based Aurora Labs has announced that it has raised $23 million in its Series round of funding. The round attracted electronics giants and top automotive manufacturers. The Series B round was led by LG Technology Ventures, Marius Nacht, co-founder of Check Point Software Technologies. Porsche SE, Toyota Tsusho, UL Ventures, the investment arm of UL, and existing investors participated in the latest round. Previously, Porsche SE had announced an investment of $2.5 million in Aurora Labs.
Aurora Labs has been innovating to secure software from faults and cybersecurity attacks. This allows manufacturers to add new features and functions to improve devices, their experience, and extend their life. The offerings by the company can help organizations save a lot on their bill of materials, and data revenue costs. The company is revolutionizing how organizations conduct remote software management, remote diagnostics, and over-the-air software update.
“This cross-industry commitment from investors is evidence of the need to continuously improve the quality of software, keep it safe, secure and updated in all devices, with particular emphasis on vehicles as the car becomes electrified and connected and the amount of vehicle software grows exponentially,” said Zohar Fox, Aurora Labs’ Co-founder and CEO.
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