Applied Intuition, Inc., a Sunnyvale, Calif.-based provider of a software platform to bring autonomous systems to the market, raised $125m in Series C financing round.
Backers included Lux Capital, Andreessen Horowitz, and General Catalyst. In conjunction with the funding, Bilal Zuberi, Partner at Lux Capital, joined Applied Intuition’s board of directors, which already included Marc Andreessen and Hemant Taneja. The round brought the total capital raised to $176.5m.
The company intends to use the funds to continue to invest in its platform, strengthen its global presence, and expand deeper into verticals such as automotive, freight/trucking, delivery robots, defense, mining, agriculture, construction, AMR, and aviation.
Founded in 2017, Applied Intuition is a specialized supplier of simulation and infrastructure tools which helps engineering and product development teams to validate and verify the safety, comfort, and functionalities of their autonomous systems and bring them to market by executing quickly from product development to integration support. Its suite of products are focused on simulation and analytics.
Headquartered in Silicon Valley with offices in Detroit, Los Angeles, Munich, Tokyo, and Seoul, Applied’s team consists of software and automotive experts in the world.