Aptiv, Audi invest $285 million in software company TTTech Auto
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DETROIT, Feb 3 (Reuters) – Auto technology supplier Aptiv PLC (APTV.N) and Volkswagen AG’s (VOWG_p.DE) Audi brand are investing a combined $285 million in vehicle software company TTTech Auto, giving the Austrian firm a valuation of $1 billion, the companies said.
TTTech Auto designs software that auto manufacturers can use to manage data flowing from sensors and safety systems used to automate driving. The company’s