TTTech, an Austria-based developer of networked safety control technology, secured €50m ($54.92m) 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…
