Continental Acquires Minority Stake in Apex.AI
December 14, 2021
Continental has taken a minority stake in Palo Alto–headquartered Apex.AI as a strategic investor to deepen an existing collaboration on the safety-certified vehicle operating system Apex.OS. The minority investment (amount undisclosed) aims to accelerate industrialization and shorten development cycles for ADAS and autonomous-driving functions through closer cooperation and integration of Apex.AI's software with Continental's vehicle platforms.
- Buyers
- Continental
- Targets
- Apex.AI
- Industry
- Software
- Location
- California, United States
- Transaction Type
- Growth capital
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