BMW, GM and Toyota invest in the self-driving startup Nauto

Two-year-old Nauto, a Silicon Valley company focusing on artificial intelligence for autonomous vehicles has received additional funding from BMW, GM and Toyota. The total Series B round came it at $159 million, with additional funding from Japanese telecommunications company Softbank Group Corp. and Greylock Partners, a Silicon Valley venture capital firm.

That funding, announced Wednesday, will bolster the company’s effort on its “retrofit safety and networking system into more...

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