Sterling Anderson, a veteran of the new autonomous and co-founder of Aurora, is resigning just a week after the company launched its commercial self-driving service in Texas.
Anderson held the main position of the product official in Aurora. The resignation was posted in a regulatory submission along with the company’s first quarter profits report. His resignation will take effect on June 1. He will leave the board on August 31.
The company said in the presentation that its resignation from the Board “did not result from any dispute with the company on any issues related to its operations, policies or practices. The company and the entire board are deeply grateful for Mr. Anderson’s service and its foolish contributions to the company over the years as a founder, main product official and member.”
Anderson is directed at an external opportunity in a high governing role in a global iconic company, according to information shared when calling for the company’s profits.
Anderson cannot be reached for comment. He made comments, however, when calling for the company’s first trimester profits.
“Leaving Aurora is one of the most difficult decisions I have ever made, especially given the exciting stage Aurora is in,” he said during Thursday’s call. “This is exactly what gave me the belief that now is the right time. Aurora has reached a critical point in infection; the product strategy is set firmly. The technology is on the road, the team is in the country to scape it, and the momentum we have created in the industry is visible.”
Anderson was the director of Tesla’s autopilot program when he left to co-like Aurora in 2017 along with CEO Chris Urmson, former head of the Google’s self-direction project and Drew Bagnell, who was running the Uber autonomy and perception team. The trio, considered pioneers of the autonomous vehicle industry, gave the aurora of immediate buzz, helping him attract high -profile investors such as Sequoia Capital, Amazon, and T. Rowe Price Associates, as well as a host of partnerships.
Aurora won more cachet in December 2020 when he reached a deal with Uber to buy the travel firm’s self-direction unit in a complex agreement that valued the company combined in $ 10 billion. Under the conditions of that purchase, Aurora did not pay money for Uber ATG, a company that was estimated at $ 7.25 billion after a $ 1 billion investment in 2019 from Toyota, Denso, and Softbank’s Vision Fund. Instead, Uber submitted its capital to ATG and invested $ 400 million in Aurora. Uber took a 26% action in the combined company, according to a submission to the US Insurance and Exchange Commission.
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Within four years, the company went from the start of Buzzy to the company publicly traded through a joining the company with special purposes Reinvent Technology Partners Y. Spac was launched by Linkedin Reid Hoffman’s co -founder and investor, founder of Zynga Markus and management partner Michael Thompson.
Aurora, a deep technology company still developing and years of sustainable income, has faced head since it was released in 2021. The company focused its efforts on self-direct trucks, placing other projects like robotaxis on the side.
At the end of last month, Aurora announced that he successfully launched a self-directional truck service in Texas, simply rising under its deadline.
