Applied Intuition Secures $250M in Series E Funding; Grows To $6 Billion Valuation
Summary
Applied Intuition, a Mountain View, CA-based vehicle software supplier for automotive, trucking, construction, mining, agriculture, and other industries, raised $250M in Series E funding, at $6 Billion valuation. Led by CEO Qasar Younis, Applied Intuition is a Tier 1 vehicle software supplier that accelerates the adoption of safe and intelligent machines worldwide. Founded in 2017, the company provides an ADAS and AD toolchain to deliver high-quality systems and shorten time to market. The company has offices in Ann Arbor and Detroit, MI, Washington, DC, Munich, Germany, Stockholm, Sweden, Seoul, South Korea, and Tokyo, Japan. Commenting on the news, Qasar Younis said: “Within the last few years, we’ve seen massive advances in artificial intelligence that will have groundbreaking impacts on the industries that Applied Intuition serves.