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Aurora Solar Gets $4 Billion Valuation on Backing Led by Coatue

Energize Ventures also led $200 million funding round for California firm.

A worker lays down a solar panel on a rooftop in Albuquerque, New Mexico.
A worker lays down a solar panel on a rooftop in Albuquerque, New Mexico.

Photographer: Sergio Flores

Aurora Solar, a firm that provides software services for the solar industry, said it reached a $4 billion valuation after closing a funding round co-led by Philippe Laffont’s Coatue Management and Energize Ventures.

Other backers of a $200 million investment included Fifth Wall and Iconiq, joining new investors Lux Capital and Emerson Collective, the San Francisco-based company said Monday in a statement. The investment has led to a doubling of Aurora Solar’s valuation since a previous funding round in May, and brings total outside investment to $523.5 million since the firm was founded in 2013.