Home » Applied Intuition raises $250 million in Series E funding at a valuation of $6 billion

Applied Intuition raises $250 million in Series E funding at a valuation of $6 billion

Bilal Zuberi at Lux Capital and Elad Gil co-led the funding round with participation from other investors. 

By Startup Funding News
Applied Intuition raises $250 million in Series E funding at a valuation of $6 billion.

Applied Intuition, a vehicle software supplier for automotive, trucking, construction, mining, agriculture, and other industries, raised $250 million in a Series E funding round at a valuation of $6 billion.

Bilal Zuberi at Lux Capital (Series C lead investor) and Elad Gil (Series D lead investor) co-led the funding round with participation from strategic investor Porsche Investments Management and new and existing investors: Andreessen Horowitz (Series A lead investor), General Catalyst (Series B lead investor), Mary Meeker at BOND, Human Capital, Henry Kravis, Mustafa Suleyman, Ray Dalio, John Quinn, and Nico Rosberg. 

With new funds, Applied Intuition intends to accelerate its investments in generative AI to unlock substantial value for customers and partners. The company will continue to recruit software and AI engineers to further expand its offerings that enable its customers to have advanced driver-assistance systems (ADAS) and automated driving (AD) solutions.

Applied Intuition, founded in 2017, is a Tier 1 vehicle software supplier that accelerates the adoption of safe and intelligent machines worldwide. The company provides the definitive ADAS and AD toolchain to deliver high-quality systems and shorten time to market. 18 of the top 20 global automakers trust Applied Intuition’s end-to-end solutions to drive the production of modern vehicles.

Qasar Younis, CEO and Co-Founder of Applied Intuition said: “Within the last few years, we’ve seen massive advances in artificial intelligence that will have groundbreaking impacts on the industries that Applied Intuition serves. Our role as a leader in the ecosystem is to bring the best of what Silicon Valley has to offer to our global customer base.”

“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,” added Qasar Younis.

Applied Intuition serves the automotive, trucking, construction, mining, agriculture, and defense industries and is headquartered in Mountain View, CA, with offices in Ann Arbor and Detroit, MI, Washington, D.C., Munich, Stockholm, Seoul, and Tokyo. 

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