Buzzy Autonomous Vehicle Software Company Applied Intuition has Closed $ 600 million series F financial round, pushing its estimate up to $ 15 billion.
The round was co-led by Blackrock-managed Finance and Kleiner Perkins, and included new investments from the Qatar Investment Authority, Abu Dhabi Investment Council, Greycroft, and more. The existing investors general catalyst, Lux, Elad Gil, and the growth fund of Mary Meeker, also participated.
The revenue of Applied Intuition comes just one year after it completed a $ 250 million series E, which put the company at a $ 6 billion. The company makes programs that help companies and government agencies develop autonomous vehicle solutions. This includes a simulation program and managing data.
“When they think, ‘I have this program or AI -problem,’ we generally want them to think of us,” CEO Qasar Younis told Techcrunch last year. “As we want to be that first call.”
Applied Intuition operates with most major cars, as well as autonomous vehicle companies like Gatik and Kodiak.
The company also pushed more and more into the defense space. In its newsletter announcing the financial circle, Applied Intuition shared that the US Army asked to bring to bring Autonomous technology to some of their vehicles. The company was able to carry an infantry squad vehicle from “nude bones” to autonomous in just 10 days. This included developing a “pedal-pushing robot to physically turn the wheel and press the boost and brake pillows.”
