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Applied Intuition raises $600M for autonomous driving tech
- Applied Intuition raised $600 million in a Series F funding round, valuing the company at $15 billion, to fuel growth in vehicle intelligence, product expansion, and team growth.
- The funding will support the development, deployment, and updating of autonomous vehicle software, hardware, and AI applications through Applied Intuition's Vehicle OS.
- Co-founder and CEO Qasar Younis emphasized scaling investments in bringing intelligence into various machines, including cars, trucks, drones, and factories, connecting AI with the physical world.
- BlackRock and Kleiner Perkins co-led the funding round, with participation from new investors like Franklin Templeton, Qatar Investment Authority, and existing investors including Fidelity and General Catalyst.
- Applied Intuition plans to accelerate the rollout of intelligent, software-defined systems across multiple sectors like defense, automotive, trucking, construction, mining, and agriculture.
- The company has achieved significant milestones such as AI innovations, product launches, partnerships with industry leaders, acquisition of EpiSci, and expansion into the United Kingdom.
- Kleiner Perkins expressed confidence in Applied Intuition's vision and team, recognizing the company as a generational player in the fields of vehicle intelligence and autonomy.
- Founded in 2017, Applied Intuition provides Vehicle OS and autonomy stacks to help customers in different industries develop intelligent vehicles, with global offices across various locations.
- The company continues to focus on AI innovations and strategic partnerships, reaffirming its commitment to advancing vehicle intelligence and autonomy.
- Applied Intuition's recent achievements include releasing its off-road autonomy stack, acquiring EpiSci, and introducing defense products Axion and Acuity.
- The funding round follows Applied Intuition's Series E from March 2024 and marks the company's progress in enabling intelligent systems at scale.
- The company emphasizes the importance of AI in transforming machines, aiming to power various moving machines with AI technology.
- Investors like BlackRock and Kleiner Perkins are supporting Applied Intuition's mission of advancing intelligent, software-defined systems across different domains.
- Applied Intuition's mission is to connect AI with physical entities to revolutionize various industries with intelligent, software-defined solutions.
- Applied Intuition's toolchain and autonomy solutions cater to industries like automotive, defense, trucking, construction, mining, and agriculture, shortening the time to market for intelligent vehicles.
- The company's growth plans include deeper product expansion, increased investments in vehicle intelligence, and expanding its global team in the autonomous driving tech sector.
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