Palo Alto self-driving car startup raising $500M at $2B valuation

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Aurora Innovation Inc. is reportedly raising at least $500 million in a round that would value the Palo Alto autonomous driving startup at $2 billion. Re/code cited unnamed sources who said Sequoia Capital is expected to lead the round, making it the firm's biggest investment yet in autonomous technology. The round reportedly hasn't closed yet. Aurora is led by CEO Chris Urmson, who was chief technology officer at Alphabet Inc.'s self-driving unit before it was called Waymo and spun out as an independent...

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