- Applied Intuition announced it has raised $125 million in Series C funding from Lux Capital, Andreessen Horowitz, and General Catalyst. These are the details.
Applied Intuition announced it has raised $125 million in Series C funding from Lux Capital, Andreessen Horowitz, and General Catalyst. And Applied Intuition also welcomes Lux Capital partner Bilal Zuberi to its board of directors joining Marc Andreessen and Hemant Taneja. The round of funding was fully funded by existing investors, bringing the total capital raised to $176.5 million.
As simulation and associated infrastructure are critical to the advancement of autonomous technology, autonomous vehicle programs use Applied Intuition’s software toolset to validate and verify the safety, comfort, and functionalities of their vehicles.
And Applied Intuition was founded in 2017 with a mission to make it faster, safer, and easier to bring autonomy to the market. As a specialized supplier of simulation and infrastructure tools, the Applied Intuition team has grown to be larger than any in-house simulation teams — which allows it to execute quickly from product development to integration support. And as a result, Applied Intuition’s customers are able to move faster and focus on their core and high-value development work.
With the additional capital, Applied Intuition will continue to invest in its platform, strengthen its global presence, and expand deeper into verticals like automotive, freight/trucking, delivery robots, defense, mining, agriculture, construction, AMR, and aviation.
KEY QUOTE:
“Applied’s software is used for all levels of autonomy, and not just in cars but for all kinds of autonomous systems in motion. A great deal of promise also lies in the fact that the software isn’t limited to just R&D, but is also used for production. I am proud of the work (Applied Intuition) is doing to make mobility safe and efficient.”
— Bilal Zuberi, Partner at Lux Capital
