NI Acquires monoDrive to Accelerate Autonomous Vehicle Development streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Austin-based National Instruments is making big investments in autonomous vehicle and safety technology as demand grows for assisted driver innovation.
The company, which recently rebranded as NI, said Tuesday that it has acquired Austin-based monoDrive, a startup that specializes in autonomous vehicle simulations. NI did not disclose financial terms of the deal, but said an undisclosed number of monoDrive employees will NI s staff as part of the acquisition.
In conjunction, NI also said it is entering a strategic collaboration with engineering simulation company Ansys.
NI said the two deals will help accelerate the development of the company’s autonomous vehicle testing technology and help enable vehicle manufacturers and suppliers to speed up the development of self-driving vehicles.