Pittsburgh-based Aurora will acquire Uber’s Pittsburgh-based self-driving vehicle unit, pushing Aurora to a $10 billion valuation.
Aurora, which currently employs 600 people, will bring a majority of Uber ATG’s 1,200 people to its team. The company did not disclose how many of the employees would be based out of its new Strip District office.
“Our roots in Pittsburgh are strong, and we are excited to welcome ATG to Aurora, strengthening our presence in the city even more,” Chris Urmson, Aurora co-founder and CEO, said. “As a Pittsburgh-based company ourselves, we are committed to creating and keeping jobs in Pittsburgh.”
Aurora, which is co-based in Palo Alto, California, and Pittsburgh, declined to disclose the financials of the deal. It did note, however, that Uber also invested $400 million in the company.