Sterling Anderson, a veteran in the Aurora budding and co-founder, resigns just a week after the start of the company that launched the truck self-promotion service in Texas.
Anderson held the position of head of products in Aurora. The resignation was Posted in Regulatory Deposit along with the first quarter of the company’s earnings report. Its resignation will come into force on 1 June. Will leave the Board of Directors on August 31.
The company stated in the testimony that his resignation from the Board of Directors “did not arise from any disagreement with the company on any matter on its activities, policies or practices.
Anderson is heading to an external opportunity to a higher leadership role in a virtual world company, according to information they share during the company’s profits.
Anderson was unable to approach for comments. However, he made comments during the first quarter profits of the company.
“Aurora exit is one of the most difficult decisions I’ve ever made, especially given the exciting Aurora scene,” he said during Thursday’s call. “This is exactly what gave me the confidence that now is the right time. Aurora has reached a crucial turning point, the product strategy is firmly established.
Anderson was director of Tesla’s automatic pilot program when he left to meet Aurora in 2017 along with CEO Chris Urmson, the former head of the Google self-leadership project, and Drew Bagnell, who drove the Uber’s autonomy and perception team. The trio, considered pioneers of the autonomous vehicle industry, gave Aurora direct buzz, helping it attract high profile investors such as Sequoia Capital, Amazon and T. Rowe Price Associates, as well as partnerships.
Aurora acquired more coverage in December 2020 when it reached an agreement with Uber to buy Ride-Hailing’s self-guiding unit in a complex deal that assigned the combined company at $ 10 billion. According to the terms of this acquisition, Aurora did not pay cash for Uber ATG, a company estimated at $ 7.25 billion after a $ 1 billion investment in 2019 by Toyota, Denso and Softbank’s Vision Fund. Instead, Uber surrendered its shares to ATG and invested $ 400 million to Aurora. Uber received a 26% stake in the combined company, according to a deposition with the US Securities and Exchange Commission.
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Within four years, the company went from Buzzy Startup to the company trading to the public through merger with the special purpose acquisition company, renewed Partners Y. SPAC started by co -founder and investor of LinkedIn and investor Reid Hoffman, Founder of Zynga Mark Pincus Thompson.
Aurora, a deeply technological company that has been developing for years from steady revenue, has been in head since it was done publicly in 2021. The company focused on its efforts on self-guidance trucks, putting other projects such as robbery on the side.
Late last month, Aurora successfully announced a truck self-guiding service in Texas, simply stumbling under its own deadline.
