Sonatus has filed a notice of an exempt offering of securities to raise $75,000,000.00 in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, Sonatus is raising $75,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Jeffrey Chou played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Sonatus
Sonatus accelerates the development of software-defined vehicles to enable the digital transformation of the automotive industry. It enables OEMs to build vehicles that can be updated with new features and functionality throughout their entire lifetimes without requiring new software development. Leveraging extensive software-defined expertise, the company compresses decades of digital innovation into scalable vehicle and cloud software solutions, empowering OEMs to innovate faster, reduce complexity and costs, and become more agile. Sonatus award-winning Digital Dynamics Vehicle Platform is currently in-market in Hyundai, Kia, and Genesis vehicles.
To learn more about Sonatus, visit http://www.sonatus.com/
Contact:
Jeffrey Chou, Chief Executive Officer
650-488-8500
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