Applied Intuition, Inc., a Sunnyvale, CA-based provider of a simulation platform to power autonomous vehicle development worldwide, raised $40m in Series B financing.
The round was led by General Catalyst with participation from Kleiner Perkins, M12 (Microsoft), Sozo Ventures (Japan), and La Famiglia (Germany) and previous investors Andreessen Horowitz, Lux Capital, and Floodgate.
The company intends to use the funds to accelerate its growth and to continue its international expansion serving a growing customer base.
Applied provides a range of software tools for developing complex autonomous systems. This includes a custom-built simulation platform that can be used to test individual modules as well as the full system to advance confidence in test results. The entire platform is optimized for scale to process large data volumes and run simulations in parallel in order to validate software quality.
Since launching two years ago, the company has seen rapid customer expansion as a result of its platform combining Silicon Valley engineering talent with domain experts in robotics, software and automotive.
Applied Intuition serves customers worldwide in Silicon Valley, Detroit, Europe and Asia among others in a diverse range of use cases with robo-taxis, self-driving trucks, mining, delivery robots, and regulators.
The company also has offices in Detroit, Tokyo, and Munich.