Applied Intuition, an autonomous vehicle software company, raised $250M in Series E funding at a $6B valuation, led by Lux Capital, Elad Gil, and Porsche Investments.
Applied Intuition, an autonomous vehicle software company, raised $250 million in a Series E funding round, valuing the startup at $6 billion. The round was led by Lux Capital's Bilal Zuberi, investor Elad Gil, and Porsche Investments Management. The company plans to use the funds to invest in generative artificial intelligence (AI) and support ambitious projects without compromising its culture. Applied Intuition develops software for automakers and others to create autonomous vehicle solutions, including simulations for testing and re-testing perception and vehicle behavior systems. The company claims to work with 18 of the top 20 automakers, including General Motors, Toyota, and Volkswagen.
March 12, 2024
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