Applied Intuition Raises $600 million in Series F, Reaching a $15 Billion Valuation
Applied Intuition, a prominent software innovator in the autonomous vehicle sector, has secured $600 million through its latest Series F funding round and tender offer. This significant capital injection boosts the company’s valuation to an impressive $15 billion.
Strong Support from Leading Global Investors
The recent financing was led by funds managed by BlackRock and Kleiner Perkins. new investments also came from influential entities such as the Qatar investment Authority, Abu Dhabi Investment Council, and Greycroft. Existing investors like General Catalyst,lux Capital,Elad Gil,and Bond-Mary Meeker’s growth fund reaffirmed their commitment with additional backing.
Accelerated Expansion Following Previous funding Success
This major fundraising event follows just one year after Applied Intuition closed a $250 million Series E round that valued the company near $6 billion. The firm focuses on developing sophisticated simulation platforms alongside comprehensive data management solutions aimed at speeding up autonomous vehicle innovation for both commercial companies and government agencies.
A Vision to Become the Premier AI Autonomy Partner
The CEO highlights their mission: whenever organizations face intricate software or AI challenges related to autonomy, applied Intuition strives to be their first choice for support. Their objective is clear-to establish themselves as the definitive leader in advanced autonomous systems assistance.
Serving Diverse Industries: Automotive giants to Defense forces
Applied Intuition works closely with leading automakers as well as specialized self-driving firms such as Gatik and Kodiak Robotics. Beyond commercial transportation applications, they have expanded into defense technology; notably collaborating with the U.S. Army on integrating autonomous functionalities into military vehicles.
A standout achievement involved converting an infantry squad vehicle from manual control to full autonomy within just 10 days by designing a robotic mechanism capable of physically operating controls like steering wheels and pedals.
The Critical Role of Simulation in Autonomous vehicle Development
The company’s simulation tools are essential for safely testing scenarios that would otherwise be expensive or risky in real-world conditions-facilitating safer development cycles amid tightening global regulations. With global investments in autonomous technologies growing over 40% annually-surpassing nearly $30 billion in 2024-Applied intuition is strategically positioned at the forefront of this rapidly expanding industry.
