TTTech Auto Raises $285 Million at over $1 Billion Valuation

TTTech Auto is a company that provides hardware and software solutions for autonomous vehicles. The company specializes in safe hardware and software platforms for automated driving that can be applied in a series of production programs.

The funding round main infusion was from Aptiv, and Audi has increased its existing stake. This round helps the company to join the unicorn club. The money raised will be used for product portfolio expansion, international expansion, and M&A activities development.

TTTech Auto, from Austria, was founded by TTTech Group, Audi, Infineon, and Samsung in 2018. The flagship product is MotionWise – safety brain. It is a platform for integration and real-time orchestration of applications and tools. The company’s aim is to ensure electronic robustness and safety for the automated world. “The next few years will be critical for the entire industry in the transition from automation to semi-autonomous driving and the software-defined vehicle,” says CEO Georg Kopetz. As of now, the TTTech Auto team consists of 1200 employees.

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