Applied Intuition, a company focused on developing advanced driver-assistance systems and automated driving solutions, has announced $250 million in Series E funding at a valuation of $6 billion. The funding round was led by Lux Capital, Elad Gil and Porsche Investments Management.
In a strategic move, Porsche has become Applied Intuition’s first original equipment manufacturer investor, aiming to strengthen its expertise in software and customer experience. With this new funding, Applied Intuition has over $1 billion to invest in its vehicle software products and new AI capabilities.
The company, founded in 2017, has experienced sustainable triple-digit growth year-over-year and has expanded its team and customer base globally. Applied Intuition serves various industries, including automotive, trucking, construction, mining, agriculture and defense. Its funding will help further develop generative AI models, expand its product portfolio and hire software and machine learning engineers.
