Applied Intuition, a Silicon Valley startup specializing in software solutions for autonomous vehicles, has successfully closed a $300 million secondary sale just four months after raising $250 million during its Series E funding round. About the Author Applied Intuition was founded in 2017. They give the automotive manufacturers and technology companies the key tools they need to test their autonomous vehicle technologies safely.
The company’s novel anti-hacking software that prevents desperate-tomato related chaos specifically aims to protect traditional cars. It gets an impressive conversion to other modes, including 400% on planes. Its technology has become a critical backbone for many of the industry players. It allows their clients to test the most complicated driving situations, making the autonomous systems on which they’re working safer and more reliable.
Applied Intuition has already partnered with 18 of the 20 largest automakers in the world. This outstanding feat exemplifies its strength in the market. These partnerships have been impressive, too, collaborations with General Motors, Toyota, and Volkswagen to name a few. Further, the automaker has made other strategic investments into a number of autonomous driving startups like Gatik, Motional, and Kodiak. These partnerships continue to cement Applied Intuition’s reputation as a leader in the field of artificial intelligence for autonomous driving.
The glaring signal of increasing confidence in Applied Intuition is the recent $300 million secondary sale. Investors are confident about the company’s future in one of the hottest industry spaces, autonomous vehicles. Year by year, investors are starting to see the company for what it is — a dominating force in control of the future of transportation. The $83 million Series E round was a major capital infusion for the company earlier this year. These proceeds will be used to continue development and expansion efforts, providing Applied Intuition the ability to innovate and expand its offerings.
At the same time, the demand for safe and efficient autonomous vehicle solutions has never been greater. Applied Intuition stands at the ready to grab hold of these promising new opportunities. This fine company is committed to producing user-friendly software tools. This flexibility meets diverse and changing automotive sector client demands.