Verizon Ventures joined True Ventures to invest $10m in autonomous vehicle software developer Renovo Auto, taking its total funding to $14.5m.

US-based autonomous driving technology developer Renovo Auto has received $10m in funding from investors including Verizon Ventures, the corporate venturing subsidiary of telecommunications firm Verizon, the Wall Street Journal has reported

Venture capital firm True Ventures led the round, having also led the company’s only other round, through which it raised $4.5m in 2014.

Founded in 2010, Renovo is developing a software platform for use in driverless cars that combines hundreds of sensors with data analytics and automotive-grade safety systems.…