$530 million Series B funding round led by Sequoia Capital including Amazon and T. Rowe Price Associates. Aurora did not disclose the terms of the deal.
Blackmore is one of the few companies developing Frequency Modulated Continuous Wave (FMCW) lidar, which emits a low-power and continuous wave. FMCW lidar can measure distance with a higher dynamic range and instant velocity. It’s also “immune” to interference from sun or other other sensors.
Blackmore raised $21.5M in two funding rounds, including BMW i Ventures and Toyota AI Ventures. Blackmore has been considered an acquisition target for some time, including by GM Cruise.
The Blackmore purchase follows another smaller, and previously unknown, acquisition of 7D Labs that occurred earlier this year. 7D, is a simulation startup that makes photorealistic synthetic data sets for street scenes.