Applied Intuition is a Tier 1 vehicle software supplier that accelerates the adoption of safe and intelligent machines worldwide.
<p><strong><span class="legendSpanClass"><span class="xn-location">MOUNTAIN VIEW</span></span></strong> &#8212; <u>Applied Intuition, Inc.</u>, a vehicle software supplier for automotive, trucking, construction, mining, agriculture, and other industries, has raised a <span class="xn-money">$250 million</span> Series E financing round at a <span class="xn-money">$6 billion</span> valuation. The round was led by <span class="xn-person">Bilal Zuberi</span> at Lux Capital (Series C lead investor), <span class="xn-person">Elad Gil</span> (Series D lead investor), and strategic investor Porsche Investments Management representing the successful sports car manufacturer from Germany.</p>
<p>Applied Intuition also announced the following new and existing investors: Andreessen Horowitz (Series A lead investor), General Catalyst (Series B lead investor), <span class="xn-person">Mary Meeker</span> at BOND, Human Capital, <span class="xn-person">Henry Kravis</span>, <span class="xn-person">Mustafa Suleyman</span>, <span class="xn-person">Ray Dalio</span>, <span class="xn-person">John Quinn</span>, and Nico Rosberg.</p>
<p>Applied Intuition says it has maintained triple-digit percentage growth year-over-year, profitably. It has expanded beyond its Silicon Valley headquarters to <span class="xn-location">Detroit</span>, <span class="xn-location">Washington, D.C.</span>, <span class="xn-location">Germany</span>, Korea, and <span class="xn-location">Japan</span> and has customers worldwide, including 18 of the top 20 automotive OEMs.</p>
<p>&#8220;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,&#8221; said <span class="xn-person">Bilal Zuberi</span>, General Partner at Lux Capital. &#8220;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. The best evidence is our enthusiasm to invest in every opportunity in the company&#8217;s history.&#8221;</p>
<p>The company plans to use the financing to make significant investments in generative AI to unlock substantial value for customers and partners. With recent advancements in large language models (LLMs), Applied Intuition is uniquely positioned to help its customers revolutionize the vehicle software development process. The company will continue to recruit the world&#8217;s best software and AI engineers to further expand its offerings that enable its customers to have the world&#8217;s most advanced driver-assistance systems (ADAS) and automated driving (AD) solutions.</p>
<p>&#8220;More than ever, consumers expect exclusive and seamless software integration in their cars,&#8221; said <span class="xn-person">Lutz Meschke</span>, CFO at Porsche AG. &#8220;With this strategic investment and partnership we want to further strengthen Porsche&#8217;s expertise in the field of software and customer experience.&#8221;</p>
<p>&#8220;Within the last few years, we&#8217;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,&#8221; said Qasar Younis, CEO and Co-Founder of Applied Intuition. &#8220;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.&#8221;</p>

SOUTH SAN FRANCISCO -- Link Cell Therapies, an oncology cell therapy company, announced its official…
SAN JOSE — Roku invites viewers to pack their bags for “Broad Trip,” a road…
SAN FRANCISCO — Data and AI company Databricks has snagged a massive $4 billion-plus Series…
For 25 years, the NVIDIA Graduate Fellowship Program has supported graduate students doing outstanding work…
SAN FRANCISCO -- Fal, a real-time generative-media platform powering the next decade of AI-driven content,…
ARMONK, NY -- IBM has agreed to buy Confluent, Inc., the data streaming pioneer, for…