TTTech crosses T’s on $55m round

Mar 26, 2015 • Robert Lavine

General Electric, Infineon and Audi provided the funding, and all plan to incorporate TTTech's safety control technology into their products.

TTTech, an Austria-based developer of networked safety control technology, secured €50m ($55m) in funding yesterday from industrial conglomerate General Electric, semiconductor maker Infineon Technologies and automotive company Audi.

Spun out of Vienna University of Technology in 1998, TTTech specialises in safety and real-time technology for network control systems in a range of sectors including the automotive, aerospace, off-highway and energy industries.

Audi took a minority stake in TTTech in 2006, the same year as private equity fund Aeris Capital invested…

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