Aurora CEO Chris Urmson Photo by Kimberly White/Getty Images for TechCrunch

Self-driving startup Aurora, led by three notable names in the self driving industry, former Alphabet CTO for self-driving cars Chris Urmson, ex Tesla Autopilot leader Sterling Anderson and Uber Advanced Technologies founding member Drew Bagnell, is reportedly raising funding of at least $500 million led by Sequoia Capital at a $2 billion valuation.

This report comes from Recode, noting VCs are betting on its three highly credentialed founders who have brought more appeal to the still young company which launched out of stealth in 2017. 200 employee strong Aurora works on self-driving software which other carmakers can develop and build on, not involved in building these cars or its sensors themselves.

Aurora board member and investor Reid Hoffman Photograph by Kevin Moloney/Fortune Brainstorm Tech

The company has raised $96 million till date from only two investors, Greylock and Index Ventures whose partners Reid Hoffman and Mike Volpi sit on its board. It was valued at a reported $500 million from a last year $90 million round.

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