Total amount raised
$3.6 Billions
Latest funding date
11/1/2021
Location
Applied Intuition has successfully raised significant funding across multiple rounds, attracting a diverse group of investors. The company specializes in providing advanced vehicle software solutions, including an AI-powered ADAS/AD toolchain and a comprehensive autonomy stack.
Keep reading to explore the intricacies of Applied Intuition's fundraising journey and the investors backing this innovative platform.
What Is Applied Intuition?
Applied Intuition, founded in 2017, is headquartered in Sunnyvale, California. The company was established by Qasar Younis and Peter Ludwig.
Specializing in vehicle software solutions, Applied Intuition offers AI-powered tools for developing, testing, and validating advanced driver-assistance systems (ADAS) and automated driving (AD) systems.
With a team of over 200 employees, the company aims to accelerate the adoption of safe and intelligent machines worldwide.
How Much Funding Has Applied Intuition Raised?
- Series A
- Amount Raised: $11.5M
- Date: September 2018
- Lead Investors: Andreessen Horowitz, Floodgate
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their initial product offerings.
- Series B
- Amount Raised: $40M
- Date: September 2019
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand the team.
- Series C
- Amount Raised: $125M
- Date: October 2020
- Lead Investors: Andreessen Horowitz, General Catalyst, Lux Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their AI-powered product portfolio.
- Series D
- Amount Raised: $175M
- Date: November 2021
- Lead Investors: Addition, Coatue, Elad Gil
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and market expansion.
- Series E
- Amount Raised: $250M
- Date: March 2024
- Lead Investors: Elad Gil, Lux Capital, Porsche Investments Management
- Valuation at Round: $6 billion
- Motivation Behind the Round: To grow the team and expand the AI-powered product portfolio.
- Secondary Market
- Amount Raised: $300M
- Date: July 2024
- Lead Investors: Fidelity Management & Research Company, General Catalyst, BOND, Lux Capital, Elad Gil
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees, and to expand the team and product offerings.
Total Amount Raised: $901.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Fidelity Management & Research Company
- Details: Fidelity is a global asset management firm that offers investment advisory services and manages mutual funds. It is known for its extensive portfolio and significant influence in the financial sector.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Uber, Airbnb, SpaceX
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage technology companies. The firm aims to support innovative startups and help them scale.
- Investment Focus Areas: Technology, consumer, healthcare
- Notable Investments: Stripe, Snap, Airbnb
- BOND
- Details: BOND is a growth-stage venture capital firm that focuses on investing in technology companies. The firm leverages its expertise to help companies scale rapidly.
- Investment Focus Areas: Technology, consumer, fintech
- Notable Investments: DoorDash, Canva, Revolut
- Lux Capital
- Details: Lux Capital invests in emerging science and technology ventures. The firm is known for its focus on groundbreaking innovations and disruptive technologies.
- Investment Focus Areas: Healthcare, energy, advanced manufacturing
- Notable Investments: Zoox, Auris Health, Shapeways
- Elad Gil
- Details: Elad Gil is an angel investor and entrepreneur who invests in early-stage technology startups. He is recognized for his strategic insights and successful track record.
- Investment Focus Areas: Technology, fintech, consumer
- Notable Investments: Airbnb, Coinbase, Stripe
What's Next for Applied Intuition?
Applied Intuition stands at the cusp of significant growth opportunities, driven by its recent $300 million investment. The company is poised to expand its team and enhance its AI-powered product portfolio, collaborating with automotive giants like Porsche and Audi. This expansion aligns with industry trends emphasizing AI and advanced simulation tools for vehicle safety and performance testing.
Future fundraising seems promising, given the substantial recent investments and the company's trajectory. However, challenges such as ensuring the safety and reliability of autonomous systems in diverse environments and maintaining a competitive edge in a rapidly evolving industry remain. Scaling operations effectively will be crucial as Applied Intuition navigates these opportunities and challenges.
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