Stellantis Acquires CloudMade’s AI Technologies, No Terms

Stellantis acquires artificial intelligence technologies and IP from CloudMade to deliver advanced features to vehicles and mobile apps. No tranaction terms were disclosed.

• 44 engineers and software developers from CloudMade, dedicated to the development of AI technology, will be joining Stellantis
• Stellantis will be able to develop navigation features, enhance data privacy and introduce development kits for making custom models for its software developers

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To contact the reporter on this story:
Lara Sanli in New York at lsanli@bloomberg.net

To contact the editor responsible for this story:
Sunil Kesur at skesur@bloomberg.net

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