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

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">MOUNTAIN VIEW<&sol;span><&sol;span><&sol;strong> &&num;8212&semi; <u>Applied Intuition&comma; Inc&period;<&sol;u>&comma; a vehicle software supplier for automotive&comma; trucking&comma; construction&comma; mining&comma; agriculture&comma; and other industries&comma; has raised a <span class&equals;"xn-money">&dollar;250 million<&sol;span> Series E financing round at a <span class&equals;"xn-money">&dollar;6 billion<&sol;span> valuation&period; The round was led by <span class&equals;"xn-person">Bilal Zuberi<&sol;span> at Lux Capital &lpar;Series C lead investor&rpar;&comma; <span class&equals;"xn-person">Elad Gil<&sol;span> &lpar;Series D lead investor&rpar;&comma; and strategic investor Porsche Investments Management representing the successful sports car manufacturer from Germany&period;<&sol;p>&NewLine;<p>Applied Intuition also announced the following new and existing investors&colon; Andreessen Horowitz &lpar;Series A lead investor&rpar;&comma; General Catalyst &lpar;Series B lead investor&rpar;&comma; <span class&equals;"xn-person">Mary Meeker<&sol;span> at BOND&comma; Human Capital&comma; <span class&equals;"xn-person">Henry Kravis<&sol;span>&comma; <span class&equals;"xn-person">Mustafa Suleyman<&sol;span>&comma; <span class&equals;"xn-person">Ray Dalio<&sol;span>&comma; <span class&equals;"xn-person">John Quinn<&sol;span>&comma; and Nico Rosberg&period;<&sol;p>&NewLine;<p>Applied Intuition says it has maintained triple-digit percentage growth year-over-year&comma; profitably&period; It has expanded beyond its Silicon Valley headquarters to <span class&equals;"xn-location">Detroit<&sol;span>&comma; <span class&equals;"xn-location">Washington&comma; D&period;C&period;<&sol;span>&comma; <span class&equals;"xn-location">Germany<&sol;span>&comma; Korea&comma; and <span class&equals;"xn-location">Japan<&sol;span> and has customers worldwide&comma; including 18 of the top 20 automotive OEMs&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Applied Intuition benefits from generational megatrends including generative AI&comma; autonomous systems&comma; 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&comma;&&num;8221&semi; said <span class&equals;"xn-person">Bilal Zuberi<&sol;span>&comma; 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&comma; 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;<&sol;p>&NewLine;<p>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 &lpar;LLMs&rpar;&comma; 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 &lpar;ADAS&rpar; and automated driving &lpar;AD&rpar; solutions&period;<&sol;p>&NewLine;<p>&&num;8220&semi;More than ever&comma; consumers expect exclusive and seamless software integration in their cars&comma;&&num;8221&semi; said <span class&equals;"xn-person">Lutz Meschke<&sol;span>&comma; 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;<&sol;p>&NewLine;<p>&&num;8220&semi;Within the last few years&comma; 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&comma;&&num;8221&semi; said Qasar Younis&comma; 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&comma; which will exponentially accelerate the production of next-generation vehicles&period;&&num;8221&semi;<&sol;p>&NewLine;