Applied Intuition, Inc.
Applied Intuition grows to $6 billion valuation, advances vehicle software and AI capabilities with $250 million Series E funding With this funding, the company will make significant investments in generative AI to deliver real value to its customers and partners. ……
MOUNTAIN VIEW, Calif., March 12, 2024 — Applied Intuition, a vehicle software supplier to industries including automotive, trucking, construction, mining, and agriculture, announced a $250 million investment at a $6 billion valuation. We conducted a Series E funding round. The round was led by Lux Capital’s Bilal Zuberi (Series C lead investor), Elad Gil (Series D lead investor) and strategic investor Porsche Investments Management.
[Image: https://prtimes.jp/i/66076/15/resize/d66076-15-78f097d44a423cc45973-0.jpg&s3=66076-15-30a8a819d088253a779d420b59a77830-2401×1254.jpg] Applied Intuition is a vehicle software supplier that accelerates the deployment of safe, intelligent machines around the world.
Applied Intuition also announced the following new and existing investors: Andreessen Horowitz (Series A Lead Investor), General Catalyst (Series B Lead Investor), Mary Meeker of BOND, Human Capital, Henry Kravis, Mustafa Suleyman, Ray Dalio, John Quinn, and Nico Rosberg.
Applied Intuition has sustained triple-digit percent year-over-year growth while maintaining profitability. In addition to our
headquarters in Silicon Valley, we have operations in Detroit, Washington, D.C., Germany, South Korea, and Japan, and have customers around the world, including 18 of the top 20 automotive OEMs. “Applied Intuition is benefiting from generational megatrends such as generative AI, autonomous driving systems, and Software-Defined Vehicles.The company has built a high-growth business and is working with top automotive OEMs and U.S. military It’s no wonder that Applied Intuition has become an indispensable partner for the industry. Applied Intuition is at the forefront of the AI revolution transforming the global transportation industry, and we’re excited about its growth and unique position in the market. is our ambition to continue to invest in every opportunity in the company’s history,” said Bilal Zuberi, general partner at Lux Capital.
With this funding, the company will make significant investments in generative AI to deliver real value to its customers and partners. With recent advances in large-scale language models (LLM), Applied Intuition is uniquely positioned to help customers revolutionize their vehicle software development processes. The company will continue to hire the world’s best software and AI engineers to further expand its products and services that enable customers to have the world’s most advanced driver assistance systems (ADAS) and autonomous driving (AD) solutions. I’ll go.
“Now more than ever, consumers expect more specialized and seamless software integration in their vehicles,” said Lutz Meschke, Chief Financial Officer of Porsche AG. , we want to further strengthen Porsche’s expertise in the fields of software and customer
experience.”
“Over the past few years, we have seen significant advances in artificial intelligence that are having a game-changing impact on the industries that Applied Intuition serves. Delivering the best of what we have to offer to our global customer base. Our industry-leading vehicle software products, infused with AI technology, extend beyond our powerful suite of ADAS and AD tools to the next generation of vehicles. will dramatically accelerate production,” said Qasar Younis, CEO and co-founder of Applied Intuition.
About Applied Intuition
Applied Intuition is a vehicle software supplier that accelerates the deployment of safe, intelligent machines around the world. Founded in 2017, Applied Intuition provides the essential ADAS and AD toolchain to deliver high-quality systems and accelerate time to market. 18 of the world’s top 20 automakers rely on Applied Intuition’s end-to-end solutions to power production of their newest vehicles. Applied Intuition serves the automotive, trucking, construction, mining, agriculture, and defense industries and is headquartered in Mountain View, California, with offices in Ann Arbor, Michigan, Detroit, Washington, D.C., Munich, Stockholm, Seoul, and Tokyo. is set up. For more information, please visit https://appliedintuition.com. More details about this release:
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