DETROIT -- Ford Motor Co. will invest $182.2 million in the Silicon Valley software company behind its new FordPass smartphone app, as it works to develop and roll out technology to customers faster, the automaker said in a statement.
Ford joins Microsoft, General Electric and other major investors in Pivotal Software Inc., a 3-year-old company with more than 2,000 employees. Ford’s commitment, the largest in a round of investments totaling $253 million announced by Pivotal today, is part of CEO Mark Fields’ effort to expand the automaker into mobility services such as car-sharing.
Fields, in a statement, said the investment will help Ford “deliver these customer experiences at the speed of Silicon Valley.”
Ford said it will use technology from Pivotal throughout its business, including product development, research and advanced engineering, as well as its new Ford Smart Mobility subsidiary. The companies said they plan to open software labs in the U.S. and Europe staffed with software architects, engineers and user-experience experts.