The investment was made in Aurora Labs, which offers a self-healing platform for connected vehicle software, and was part of a $23 million Series B funding round that also included LG Technology Ventures, Marius Nacht, Porsche SE and Toyota Tsusho.
"The automotive industry is in the midst of a massive paradigm shift," says Mary Joyce, general manager and vice president of UL's Mobility and Automotive division. "Increasing consumer expectations for connectivity, interoperability, transparency, and safety paired with rapid advancements in autonomous vehicles are pressing manufacturers to increase the speed of innovation that enhance functionality and usability but also provide possible new points of entry for the risk of breaches and cyberattacks. We applaud Aurora Labs for their connected vehicles work to accelerate innovation with safety and security as top priorities."
Modern vehicles have up to 150 electronic control units and 100 million lines of software code that are expected to increase to 300 million lines of code by 2030. Aurora Labs, says the organization, offers technology that has the ability to automatically detect bugs in car codebases – key to the security of today's connected cars.
In addition to heightened consumer expectations, new global regulations require traceable and secure software updates for passenger cars, vans, trucks and buses, including requirements put in place by the World Forum for Harmonization of Vehicle Regulations (WP.29), a working party of the Sustainable Transport Division of the United Nations Economic Commission for Europe (UNECE), for Cybersecurity and Software Update of Motor Vehicles. The global adoption of the regulations will require auto manufacturers to have a deep understanding of software behavior in order to obtain the data and evidence required for certification.
Aurora Labs' technology supports this by allowing manufacturers to collect actionable data and obtain a deep understanding of line-of-code software behavior with the ability to predict and fix software problems - all key to helping ensure safety in dynamic systems, vehicle type approval