The startup Aurora — which is not yet two years old but has made waves in the autonomous-driving industry with a highly regarded executive team from Tesla, Uber, and Google — is slated to be valued at over $2 billion in a new fundraising round, Recode has learned.

Sequoia Capital is expected to lead a financing round of at least $500 million in the company, according to people familiar with the matter. The investment, which hasn’t closed, is shaping up to be the biggest commitment yet by Sequoia, arguably the most prestigious venture capital firm in Silicon Valley, into the booming, capital-intensive world of self-driving car technology in the US.
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