Funding from Aptiv and existing investor Audi pushed the automated driving software provider’s valuation above $1bn.

TTTech Auto, an Austria-based provider of safety software for autonomous vehicles, received $285m in funding from car producer Audi and automotive technology producer Aptiv yesterday at a valuation exceeding $1bn. Aptiv put in the lion’s share of the funding, contributing $228m, while Audi is strengthening its existing stake in the company with an additional $57m.…

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