Software development specialist Pivotal has secured $182.2 million in funding in a new round led by Ford, with additional contributions from Microsoft. The investment is seen as underscoring the pressure automakers are now facing to boost their technological know-how amid the growth of connected and self-driving cars. As part of the deal, Ford and Pivotal will jointly open labs in the United States and Europe where their engineers will work side by side.
Software development specialist Pivotal has secured $253m in funding in a new round led by Ford, with additional contributions from Microsoft. The investment is seen as underscoring the pressure automakers are now facing to boost their technological know-how amid the growth of connected and self-driving cars. As part of the deal, Ford and Pivotal will jointly open labs in the United States and Europe where their engineers will work side by side.