What does Applied Intuition, Inc. do?
Applied Intuition is a vehicle intelligence company based in Mountain View, CA, that delivers a comprehensive toolchain, Vehicle OS, and autonomy stacks to help customers in automotive, trucking, construction, mining, agriculture, and defense build intelligent, AI-driven machines.
How much did they raise?
The company secured $600M in its Series F round at a $15B valuation. The round was led by BlackRock and Kleiner Perkins, with participation from investors like Franklin Templeton, Qatar Investment Authority, Abu Dhabi Investment Council, Premji Invest, Stripes, Greycroft, BAM Elevate, 137 Ventures, Fidelity Management and Research Company, General Catalyst, Lux, BOND, Elad Gil, Addition, and Tribe Capital.
What are their plans for the money?
With the new funds, Applied Intuition plans to expand its operations and bolster its development efforts, aiming to accelerate the global adoption of safe, AI-driven autonomy and further enhance its strategic partnerships with leading industry players.
What have they achieved so far?
The company has shown significant momentum, having closed a major up round just over a year after its Series E and launching key AI innovations, product updates, and strategic partnerships with companies such as OpenAI, TRATON, Isuzu, Porsche, and Audi.