Fidelity Invests in Applied Intuition $300 Million Round

<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<&sol;u>&comma; a Silicon Valley-based vehicle software supplier for automotive&comma; trucking&comma; construction&comma; mining&comma; agriculture and other industries&comma; has closed a secondary round of over <span class&equals;"xn-money">&dollar;300 million<&sol;span> and welcomes Fidelity Management &amp&semi; Research Company as a new investor&period; Existing investors General Catalyst&comma; BOND&comma; Lux Capital and <span class&equals;"xn-person">Elad Gil<&sol;span> also participated&period; As part of the secondary sale&comma; investors purchased equity from current employees&comma; former employees&comma; and early investors&period;<&sol;p>&NewLine;<p>&&num;8220&semi;It&&num;8217&semi;s fantastic to have the support of top-tier&comma; long-term institutional investors&comma;&&num;8221&semi; said Qasar Younis&comma; co-founder and CEO of Applied Intuition&period; &&num;8220&semi;This secondary round is a testament to our growth&comma; and it marks our third tender offer with some of our biggest shareholders — our employees&period; Recruiting world-class talent and rewarding them for their hard work is a hallmark of Silicon Valley&&num;8217&semi;s success&period;&&num;8221&semi;<&sol;p>&NewLine;<p>The oversubscribed secondary round comes on the heels of Applied Intuition raising a <span class&equals;"xn-money">&dollar;250 million<&sol;span> Series E announced back in March&period; The Series E funding is being used to grow Applied Intuition&&num;8217&semi;s team and expand the company&&num;8217&semi;s AI-powered product portfolio to continue meeting customer needs&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Applied Intuition is going full speed ahead and benefiting from the extraordinary confluence of AI&comma; autonomous driving&comma; and electrification&comma;&&num;8221&semi; said <span class&equals;"xn-person">Peter Ludwig<&sol;span>&comma; co-founder and CTO of Applied Intuition&period; &&num;8220&semi;Every customer we meet wants to build future-proof products and looks to us as a mission-critical partner&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Applied Intuition is a Tier 1 vehicle software supplier that accelerates the adoption of safe and intelligent machines worldwide&period; Founded in 2017&comma; Applied Intuition delivers the definitive ADAS&sol;AD toolchain&comma; a world-class vehicle platform and an autonomy stack to help customers shorten time to market&comma; build high-quality systems and create next-generation consumer experiences&period; Eighteen of the top 20 global automakers trust Applied Intuition&&num;8217&semi;s solutions to drive the production of modern vehicles&period;<&sol;p>&NewLine;