AI safety platform Aura plans to acquire Australia’s Qoria, forming a $2.1B global online safety company and listing on the Australian Securities Exchange.
Aura, an AI-powered online safety platform for individuals and families, has agreed to acquire Qoria, an Australian company specializing in student safety and digital wellbeing. The deal, structured as an Australian scheme of arrangement, would create a global leader in digital safety products and solutions and pave the way for Aura to list on the Australian Securities Exchange.
Under the binding agreement announced today, Aura will acquire all outstanding shares of Qoria (ASX: QOR). Upon completion, Qoria will become a wholly owned subsidiary of Aura, and the combined company is expected to begin trading on the ASX under the ticker symbol AXQ.
“The acquisition of Qoria will help power the next phase of growth at Aura,” said Hari Ravichandran, founder and chief executive of Aura. “While we share a common mission, Qoria’s strength in schools and global footprint perfectly complement Aura’s leadership in the U.S. direct-to-consumer and employee benefits markets. Together, we will have the scale, expertise, and solutions to accelerate our vision of connected safety for individuals and families worldwide.”
The merger brings together Aura’s AI-driven suite of online safety tools with Qoria’s established presence in schools and its international reach. The combined company will serve more than 9 million families and over 20 percent of schools in the United States.
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On a pro forma basis, the two companies generated more than $300 million in annual recurring revenue in 2025. The newly formed group is targeting revenue growth of more than 20 percent in calendar year 2026 and expects to achieve positive cash flow following completion of the transaction.
“The internet was created to connect us, yet online safety has eroded,” said Tim Levy, managing director of Qoria. “People are looking for trusted providers that can grow with their evolving needs. The combination of Aura and Qoria will bridge critical gaps in today’s fragmented digital environments, delivering continuous protection that follows users across home, school, and work—from their first device to their last.”
Transaction Details
Under the merger implementation deed, Aura will acquire Qoria shares in exchange for common stock in the form of CHESS Depositary Interests (CDIs). Aura intends to apply for admission of those CDIs to the official list of the ASX in connection with the transaction.
Aura has also secured $75 million in binding equity commitments from existing shareholders, including Ravichandran, WndrCo, Accel, and General Catalyst. The transaction implies a pre-money equity valuation for the combined business of approximately $2.1 billion.
The Australian Securities Exchange has indicated in-principle approval for conditional trading of Aura CDIs following the effective date of the merger. Normal settlement trading is expected to begin shortly after implementation.
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Leadership and Governance
The combined company will be led by executives from both organizations. Following completion of the deal, Tim Levy, founder and managing director of Qoria, will become global chief executive officer of the merged entity. Hari Ravichandran will serve as chairman of the board.
The new board will consist of seven directors—four nominated by Aura and three by Qoria. Expected members include:
- Hari Ravichandran, Founder and CEO of Aura
- Tim Levy, Managing Director of Qoria
- Peter Pawlowitsch, Chairman of Qoria
- Sujay Jaswa, Co-Founder and Managing Director, WndrCo
- Jeffrey Katzenberg, Co-Founder and Managing Director, WndrCo
- Mathew Stepka, Managing Partner, Machina Ventures
Aura plans to nominate one additional director at a later date.
With the transaction, Aura and Qoria aim to establish a comprehensive, end-to-end digital safety ecosystem—one that spans consumers, schools, and workplaces—and to set a new global standard for protecting individuals and families in an increasingly complex online world.
