Mar 12, 07:50 PM

Applied Intuition Secures $250M Series E Funding, Hits $6B Valuation

Applied Intuition, a Silicon Valley-based autonomous vehicle software developer, has successfully raised $250 million in a Series E funding round. The round was led by Lux Capital, Elad Gil, and Porsche, valuing the company at $6 billion. This marks a significant 67% increase in valuation from its previous funding round, highlighting the company's rapid growth and potential in the AI-powered autonomous vehicle industry. Applied Intuition's technology is trusted by 18 of the top 20 global automakers, demonstrating its strong position in the market. The company has been profitable and cash flow positive early in its development, now boasting a $1 billion war chest for further growth and investment.

#Applied Intuition #Silicon Valley #Lux Capital #Elad Gil #Porsche

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