Applied Intuition Secures $250 Million in Series E Funding, Reaches $6 Billion Valuation

Applied Intuition Secures $250 Million in Series E Funding, Reaches $6 Billion Valuation

Applied Intuition, a leading vehicle software supplier, has raised $250 million in a Series E financing round, propelling its valuation to an impressive $6 billion. The round was led by notable investors Bilal Zuberi at Lux Capital, Elad Gil, and strategic investor Porsche Investments Management S.A., with participation from Andreessen Horowitz, General Catalyst, and other prominent names.

The Mountain View-based company, founded in 2017, has experienced remarkable growth, maintaining triple-digit percentage increases year-over-year while remaining profitable. Applied Intuition's expanding global presence includes offices in Detroit, Washington, D.C., Germany, Korea, and Japan, serving customers worldwide across various industries such as automotive, trucking, construction, mining, agriculture, and defense.

With this substantial investment, Applied Intuition plans to make significant strides in generative AI to unlock value for its customers and partners. The company recognizes the potential of recent advancements in large language models (LLMs) and aims to leverage its unique position to revolutionize the vehicle software development process. "Our industry-leading vehicle software products will infuse AI technology to expand beyond our definitive ADAS and AD toolchain, which will exponentially accelerate the production of next-generation vehicles," said Qasar Younis, CEO and Co-Founder of Applied Intuition.

The funding will also enable Applied Intuition to further expand its offerings, empowering customers to develop the most advanced driver-assistance systems (ADAS) and automated driving (AD) solutions. The company remains committed to recruiting top-tier software and AI engineers to drive these initiatives forward.

ADAS Sensor Simulation

Porsche AG's strategic investment and partnership with Applied Intuition underscores the growing importance of seamless software integration in vehicles. "More than ever, consumers expect exclusive and seamless software integration in their cars," noted Lutz Meschke, CFO at Porsche AG. "With this strategic investment and partnership we want to further strengthen Porsche's expertise in the field of software and customer experience."

Bilal Zuberi, General Partner at Lux Capital, expressed enthusiasm for Applied Intuition's trajectory, stating, "Applied Intuition benefits from generational megatrends including generative AI, autonomous systems, and software-defined vehicles. It is no wonder the company has built a scalable business and become an indispensable partner to top automotive OEMs and the U.S. military."

As Applied Intuition continues to shape the future of vehicle software and AI capabilities, its focus on developing advanced technologies and efficient execution positions the company to deliver industry-leading products to its global customer base. With over $1 billion now available to invest in its mission, Applied Intuition is poised to accelerate the adoption of safe and intelligent machines worldwide.

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