Stuttgart venture capital investor invests in Aurora Labs

Stuttgart venture capital investor invests in Aurora Labs

Today’s vehicles are packed full of sophisticated electronics and software – from engine control and braking systems to driver assistance. The trend towards the “intelligent” car continues unabated. The autonomously driving vehicle has long ceased to be a vision of the future; prototypes already exist. This is reason enough for car manufacturers to invest in “Digital Automotive” – Porsche SE is doing it. This article is based on the unique List of the 200 most important venture capital investors in Germany.

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Intelligent solutions for software error detection and system updates

The Stuttgart-based holding company is investing EUR 2.5 million in the Australian start-up Aurora Labs. The company was founded in 2016 and specialises in the validation and verification of automotive software and networked devices in the field of automotive engineering. This is important in order to ensure the constant functionality of the software. Aurora Labs technology reliably detects software errors in cars and performs system updates without delay. The Australian start-up’s applications are based on machine learning and artificial intelligence.

Porsche Automobil Holding SE – Porsche SE for short – was formed in 2007 from the car manufacturer Dr. Ing. h.c. F. Porsche AG and holds 53.3 percent of the voting rights and 31.4 percent of the capital of Volkswagen. In addition to this “main holding”, Porsche SE is also involved in the area of venture capital. The investment in Aurora Labs is the fourth in this segment. The previous investments were in two companies in the field of 3D printing and a start-up company that is involved in laser-based object recognition.
Picture source: Unsplash

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