Ford Motor Co. on Thursday said it would invest $182.2 million in Pivotal Software Inc., a closely held software-development tools and services company, another sign of the automotive industry’s drive to beef up its software skills. The Pivotal relationship gives the car maker access to “really advanced software development methods and cloud tech skills at a speed at which we wouldn’t be able to do on our own,” said Ford Chief Executive Mark Fields. Cloud tech refers to the use of a network of remote servers that run applications...
Software development specialist Pivotal has secured $253m in funding in a new round led by Ford, with additional contributions from Microsoft. The company is the latest to join the growing list of companies that have been acquired by Microsoft and its partners. 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.