Founded in 2017, Applied Intuition develops software used by automakers and others to create autonomous vehicle solutions. The company claims to work with 18 of the top 20 automakers, including General Motors, Toyota, and Volkswagen, as well as autonomous vehicle startups like Gatik, Motional, and Kodiak. The new funding comes amid renewed scrutiny of autonomous vehicle development, but the company plans to integrate more AI technology into its products to accelerate the production of next-generation vehicles.
Key takeaways:
- Applied Intuition, an autonomous vehicle software company, has raised $250 million in a funding round that values the startup at $6 billion. The funding will be used for the company's most ambitious projects.
- The Series E round was led by Lux Capital, investor Elad Gil, and Porsche Investments Management, with participation from Andreessen Horowitz, Bond, and Nico Rosberg.
- Founded in 2017, Applied Intuition creates software that automakers use to develop autonomous vehicle solutions. The company claims to work with 18 of the top 20 automakers, including General Motors, Toyota, and Volkswagen.
- The company plans to build more AI technology into its products to accelerate the production of next-generation vehicles. This could involve using AI to generate more dynamic simulated environments for companies to test their autonomous vehicles in.