- Applied Intuition, the provider of the leading simulation platform to power autonomous vehicle development worldwide, announced that it raised $40 million in Series B
Applied Intuition — the provider of the leading simulation platform to power autonomous vehicle development worldwide — recently announced that it raised $40 million in Series B funding led by General Catalyst with participation from Kleiner Perkins, M12 (Microsoft), Sozo Ventures (Japan), and La Famiglia (Germany). And previous investors Andreessen Horowitz, Lux Capital, and Floodgate also participated in this round.
Including this round of funding, Applied Intuition has raised a total of $51.5 million. Applied’s $11.5 million Series A round of funding was led by Marc Andreessen from Andreessen Horowitz.
This investment will enable Applied to accelerate its growth as the leading end-to-end infrastructure provider for autonomous system development and to continue its international expansion serving a growing customer base.
Applied is known for providing a range of software tools for developing complex autonomous systems. And this includes a custom-built simulation platform that can be used to test individual modules as well as the full system to advance confidence in test results. Plus the platform is optimized for scale to process large data volumes and run simulations in parallel in order to validate software quality.
Ever since Applied launched two years ago, the company has seen rapid customer expansion as a result of its sophisticated platform combining the best of Silicon Valley engineering talent with domain experts in robotics, software and automotive. And Applied Intuition serves customers worldwide in Silicon Valley, Detroit, Europe, and Asia among others in a diverse range of use cases with robo-taxis, self-driving trucks, mining, delivery robots, and regulators.
“The team at Applied Intuition represents a rare combination of top Silicon Valley and Detroit experts who are uniquely equipped to shape the future of the transportation industry. What they’re building aims to move the entire industry forward in part by significantly increasing the velocity of software development,” said Hemant Taneja, a managing director at General Catalyst. “That intersection of focus and skill set makes us believe this team has the potential to become an enduring leader in the autonomy space.”
