Applied Intuition, Inc., a Mountain View, Calif.-based enabler of autonomous vehicle development, raised $175m in Series D financing round at a $3.6 billion valuation.
The round, which brought total capital raised to date to over $350m, was co-led by Elad Gil, Addition, and Coatue Management with participation from existing investors Semil Shah, Andreessen Horowitz, General Catalyst, and Lux Capital.
The company intends to use the funds to expand adoption of its software tools for autonomous system development and accelerate product development to support additional use cases across industries.
Applied Intuition is an enabler of autonomous vehicle development, which equips engineering and product development teams with software that makes it faster, safer, and easier to bring autonomy to market. Its suite of products, focused on simulation, validation, and drive data management, delivers infrastructure built for scale into more areas of autonomous vehicle (AV) development and additional verticals beyond the automotive industry, such as logistics, warehousing, and defense.
Since 2017, its simulation products, such as Simian, Spectral, and Orbis, have enabled AV companies to test their systems in virtual environments. The company’s expanded product offerings, including Strada, Logstream, and Basis, help engineering teams effectively train AV algorithms with real-world drive data, meet regulatory requirements, and prepare for commercial deployment.
The company, which has offices in Detroit, Los Angeles, Munich, Tokyo, and Seoul, also announced an advisory board consisting of former automotive executives Rick Wagoner and Dieter Zetsche.
FinSMEs
12/11/2021