Global Big Data Conference

Heavily funded autonomous vehicle startup Aurora Innovation Inc. has acquired Ours Technology Inc., a fellow startup developing chip-based lidar sensors based on a new approach known as frequency-modulated continuous-wave sensing. The deal was announced today. Aurora is building an autonomous driving system that can be installed on trucks and cars to let them navigate the roads without human input. The startup has raised more than $1 billion in funding from investors including Amazon.com Inc. and Sequoia Capital. Aurora entered the headlines late last year when it bought Uber Technologies Inc.'s autonomous driving unit in a deal reportedly worth $4 billion.