Applied Intuition Raises $250M at $6B Valuation to Accelerate AV Software for Automakers with AI
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Applied Intuition, an AI-powered autonomous vehicle software company, raised $250 million at a $6 billion valuation.
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The company works with 18 of the top 20 automakers, including GM, Toyota, and Volkswagen, to develop AV solutions.
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Applied Intuition makes simulation software to help companies test perception and vehicle behavior systems.
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The fresh funding will support the company's "most ambitious projects" in automotive, defense, construction, and agriculture.
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Applied Intuition plans to incorporate more AI, like large language models, into its products to accelerate next-gen vehicle production.