Applied Intuition Valued at $6 Billion With $250 Million Series E

Applied Intuition is a Tier 1 vehicle software supplier that accelerates the adoption of safe and intelligent machines worldwide.

MOUNTAIN VIEW &&num;8212&semi; Applied Intuition, Inc&period;, a vehicle software supplier for automotive, trucking, construction, mining, agriculture, and other industries, has raised a &dollar;250 million Series E financing round at a &dollar;6 billion valuation&period; The round was led by Bilal Zuberi at Lux Capital (Series C lead investor), Elad Gil (Series D lead investor), and strategic investor Porsche Investments Management representing the successful sports car manufacturer from Germany&period;&NewLine;Applied Intuition also announced the following new and existing investors&colon; 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&period;&NewLine;Applied Intuition says it has maintained triple-digit percentage growth year-over-year, profitably&period; It has expanded beyond its Silicon Valley headquarters to Detroit, Washington, D&period;C&period;, Germany, Korea, and Japan and has customers worldwide, including 18 of the top 20 automotive OEMs&period;&NewLine;&&num;8220&semi;Applied Intuition benefits from generational megatrends including generative AI, autonomous systems, and software-defined vehicles&period; It is no wonder the company has built a scalable business and become an indispensable partner to top automotive OEMs and the U&period;S&period; military,&&num;8221&semi; said Bilal Zuberi, General Partner at Lux Capital&period; &&num;8220&semi;Applied Intuition is at the forefront of the AI revolution to transform the global transportation industry, and we are excited by its growth and distinctive position in the market&period; The best evidence is our enthusiasm to invest in every opportunity in the company&&num;8217&semi;s history&period;&&num;8221&semi;&NewLine;The company plans to use the financing to make significant investments in generative AI to unlock substantial value for customers and partners&period; With recent advancements in large language models (LLMs), Applied Intuition is uniquely positioned to help its customers revolutionize the vehicle software development process&period; The company will continue to recruit the world&&num;8217&semi;s best software and AI engineers to further expand its offerings that enable its customers to have the world&&num;8217&semi;s most advanced driver-assistance systems (ADAS) and automated driving (AD) solutions&period;&NewLine;&&num;8220&semi;More than ever, consumers expect exclusive and seamless software integration in their cars,&&num;8221&semi; said Lutz Meschke, CFO at Porsche AG&period; &&num;8220&semi;With this strategic investment and partnership we want to further strengthen Porsche&&num;8217&semi;s expertise in the field of software and customer experience&period;&&num;8221&semi;&NewLine;&&num;8220&semi;Within the last few years, we&&num;8217&semi;ve seen massive advances in artificial intelligence that will have groundbreaking impacts on the industries that Applied Intuition serves&period; 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,&&num;8221&semi; said Qasar Younis, CEO and Co-Founder of Applied Intuition&period; &&num;8220&semi;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&period;&&num;8221&semi;&NewLine;

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