TTTech Auto, an Austria-based automotive safety technology startup, has raised $285 million (€250 million) from Aptiv and Audi in its latest funding round.
Aptiv is investing $228 million (€200 million), while Audi is increasing its existing stake by $57 million (€50 million).
With this latest funding round and a valuation of more than $1 billion, TTTech Auto confirms its strong position amid a growing number of auto tech unicorns. The transaction is subject to regulatory approval and is expected to close within the next two months. [Read more…] about Automotive software company TTTech Auto raises $285 million investment from Aptiv and Audi