The deal brings Cognata's technology to one of South Korea's largest automotive groups. Large-scale simulation provides the only environment where advanced driver-assistance systems (ADAS) and autonomous vehicle technology can be safely tested and validated, the company said.

"We are seeing incredible momentum and growth in ADAS and autonomous driving in South Korea," Cognata CEO Danny Atsmon said.

Lee Chang-ik, who manages autonomous vehicle simulation in Hyundai Mobis, said Cognata would help it accelerate time-to-market for its offerings. 

(Reporting by Tova Cohen; Editing by Steven Scheer)