Applied Intuition, a Mountain View, CA-based vehicle software supplier, raised over $300M in Secondary round.
The company added Fidelity Management & Research Company as a new investor as existing investors General Catalyst, BOND, Lux Capital and Elad Gil also participated.
The secondary round follows Applied Intuition raising a $250 million Series E announced back in March. The Series E funding is being used to grow the team and expand the company’s AI-powered product portfolio.
Led by CEO Qasar Younis, Applied Intuition is a Tier 1 vehicle software supplier that accelerates the adoption of safe and intelligent machines worldwide. It delivers an ADAS/AD toolchain, a vehicle platform and an autonomy stack to help customers shorten time to market, build high-quality systems and create consumer experiences. Eighteen of the top 20 global automakers use Applied Intuition’s solutions to drive the production of modern vehicles.
The company serves the automotive, trucking, construction, mining, agriculture and defense industries, with offices in Ann Arbor and Detroit, Mich., Washington, D.C., Munich, Stockholm, Seoul and Tokyo.
FinSMEs
25/07/2024