Aurora nets $530 million, plus more top funding news for Palo Alto-based companies

Palo Alto-based transportation and autonomous vehicles company Aurora has secured $530 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Feb. 7 and led by Sequoia Capital.

According to its Crunchbase profile, "Aurora works at the intersection of rigorous engineering and applied machine learning to address one of the most challenging, important and interesting opportunities of our generation: transforming the way people and goods move. Founded by three of the world’s leaders in the self-driving vehicle industry, they design the software and hardware that will power the next revolution in transportation. We bring partners together to move more quickly than any one company can move alone."

The three-year-old startup also raised a $90 million Series A round in 2018.

The round brings total funding raised by Palo Alto companies in transportation over the past 90 days to $580 million. The local transportation industry has seen 23 funding rounds over the past year, capturing a total of $2.8 billion in venture funding.

In other local funding news, file sharing and messaging company Mattermost announced a $20 million Series A funding round on Feb. 5, led by Redpoint.

According to Crunchbase, "Mattermost’s mission is to make the world safer and more productive by developing and delivering secure, open source collaboration software that is trusted, flexible and offers fast time-to-value. Mattermost’s first product is a collaboration platform built to accelerate DevOps workflows in high-trust environments by offering secure messaging across web, desktop, and native mobile devices. The company was founded in 2011."

The company also raised a seed round in 2017.

Meanwhile, cloud and network security company Salt Security raised $10 million in Series A funding, announced on January 29. The round's investors were led by S Capital.

From the company's Crunchbase profile: "Salt is an API Threat Protection solution focused on securing the ubiquitous APIs that connect everything from web and mobile applications to microservices and IoT devices. These are the APIs that you develop and own and are at the core of connecting your applications and data. With Salt, you will discover all APIs and their unique functionality across your environments with continuous monitoring, detect active attacks of APIs in real time with behavioral monitoring as well as existing vulnerabilities and remediate vulnerabilities to improve security with prioritized, actionable insights for developers."

Salt Security last raised $120,000 in seed funding in 2016.

Also of note, fintech company Bipsync raised $7 million in Series A funding, announced on Jan. 29 and led by Edison Partners.

From Crunchbase, "Bipsync provides a research automation platform to maximize the productivity of professional investors. Founded in Silicon Valley in 2012 by experienced investors and software developers at Stanford University, the company uses modern technologies and user-centered design to speed up data capture, automate research maintenance and identify insights that drive better decisions for investors and funds."

The company previously raised $4.2 million in seed funding in 2016.

Rounding out the city's recent top local funding events, operating systems and autonomous vehicles company Apex.AI raised Series B funding, announced on Feb 6 and led by Toyota AI Ventures.

From Crunchbase, "Apex.AI is building an operating system for autonomous vehicles that never fails."

The company previously raised $15 million in Series A funding in 2018.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.