Applied Intuition raises $600 million in Series F funding round
Applied Intuition
, a
vehicle intelligence
firm, has announced the closing of its
Series F funding
round of $600 million, valuing the company at $15 billion.
The fresh round of funding was co-led by BlackRock-managed funds and accounts and Kleiner Perkins. Other new investors in the round include Franklin Templeton, Qatar Investment Authority, Abu Dhabi Investment Council, Premji Invest, Stripes, Greycroft, BAM Elevate, and 137 Ventures.
Fidelity Management & Research Company, General Catalyst, Lux, BOND,
Elad Gil
, Addition, and Tribe Capital were amongst the existing investors who took part in the latest funding round.
'Applied Intuition is entering its next era,' said Qasar Younis, co-founder and CEO of Applied Intuition.
'We're scaling up our investments in bringing intelligence into every moving machine. Everything from cars and trucks to drones and factories will be powered by AI, and our mission is to connect AI with the physical world it will transform," he added.
Applied Intuition closed this major up round just over a year after announcing its Series E in March 2024.
The company has maintained strong momentum with
AI innovations
and product launches, including strategic partnerships with OpenAI, TRATON, Isuzu, Porsche and Audi, among others.
Applied Intuition, a vehicle intelligence firm, has announced the closing of its Series F funding round of $600 million, valuing the company at $15 billion.
The fresh round of funding was co-led by BlackRock-managed funds and accounts and Kleiner Perkins. Other new investors in the round include Franklin Templeton, Qatar Investment Authority, Abu Dhabi Investment Council, Premji Invest, Stripes, Greycroft, BAM Elevate, and 137 Ventures.
Fidelity Management & Research Company, General Catalyst, Lux, BOND, Elad Gil, Addition, and Tribe Capital were amongst the existing investors who took part in the latest funding round.
'Applied Intuition is entering its next era,' said Qasar Younis, co-founder and CEO of Applied Intuition.
'We're scaling up our investments in bringing intelligence into every moving machine. Everything from cars and trucks to drones and factories will be powered by AI, and our mission is to connect AI with the physical world it will transform," he added.
Applied Intuition closed this major up round just over a year after announcing its Series E in March 2024.
The company has maintained strong momentum with AI innovations and product launches, including strategic partnerships with OpenAI, TRATON, Isuzu, Porsche and Audi, among others.
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