With its investment in Aurora, the online retailing giant becomes the latest tech company to invest in self-driving vehicle technology.
Aurora, a startup focused solely on self-driving vehicle technology, has secured over US$530 million ($750 million) in Series B funding.
This round of funding is led by venture capital firm Sequoia, Amazon, and T Rowe Price Associates, an asset management company.
Although Amazon is most famous as an online retailer, and holds a dominant position in many western markets, it actually makes most of its profit from its cloud computing services division.
The other two co-founders are Sterling Anderson, who was previously the program lead for the Tesla Model X and later the company's Autopilot assisted driving suite, and Drew Bagnell, who was an associate professor at Carnegie Mellon’s Robotics Institute and worked on Uber's self-driving car development team.
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