Applied Intuition Closes Series F at $15 Billion Valuation, Accelerating Vehicle Intelligence Across All Moving Machines
Closed in just over a year since the Series E announcement, this transaction demonstrates the company's hypergrowth and cements its leadership position in the vehicle intelligence market
MOUNTAIN VIEW, Calif., June 17, 2025 /PRNewswire/ -- Applied Intuition, Inc., the leading vehicle intelligence company for automotive, trucking, construction, mining, agriculture and defense, today announced it has closed a $600 million Series F fundraise and tender offer at a $15 billion valuation. This fresh round of funding, co-led by BlackRock-managed funds and accounts and Kleiner Perkins, will propel Applied Intuition into its next phase of vehicle intelligence, deeper product expansion, and global team growth. 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. Existing investors participating in the round include Fidelity Management & Research Company, General Catalyst, Lux, BOND, Elad Gil, Addition, and Tribe Capital.
"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."
"The last eight years have been about building the infrastructure to enable vehicle intelligence at scale," said Peter Ludwig, co-founder and CTO of Applied Intuition. "The focus of this next phase is to accelerate the rollout of intelligent, software-defined systems across all domains — defense, automotive, trucking, construction, mining, and agriculture. With the continued backing of our investors, we're just getting started."
Applied Intuition closed this major up round just over a year after announcing its Series E in March 2024. Since then, the company has maintained strong momentum with AI innovations and product launches, including strategic partnerships with OpenAI, TRATON, Isuzu, Porsche and Audi; the release of its off-road autonomy stack; the acquisition of defense technology company EpiSci and the launch of its newest defense products, Axion and Acuity; and recent global office expansion into the United Kingdom.
"At BlackRock, we invest in the long-term megatrends reshaping the global economy, including AI, autonomy, and the broader digital evolution," said BlackRock Managing Director Samir Menon. "Our platform has been actively investing in the autonomous driving sector for years, and Applied Intuition has emerged as a key innovation leader. We are proud to back Applied Intuition as they continue their mission to make all vehicles intelligent."
"Since our initial investment six years ago, we've believed deeply in Applied Intuition's vision and team," said Mamoon Hamid, Partner at Kleiner Perkins. "Qasar and Peter had the foresight to start building toward a future shaped by vehicle intelligence and autonomy well before it became widely understood. Now, in 2025, with the world taking notice, we are deepening our commitment to what we believe is a generational company."
To learn more about how Applied Intuition is the leader in vehicle intelligence and catapulting the autonomy industry forward, go to appliedintuition.com.
About Applied Intuition
Applied Intuition is the vehicle intelligence company that accelerates the global adoption of safe, AI-driven machines. Founded in 2017, Applied Intuition delivers the toolchain, Vehicle OS and autonomy stacks to help customers build intelligent vehicles and shorten time to market. Eighteen of the top 20 global automakers and major programs across the Department of Defense trust Applied Intuition's solutions to deliver vehicle intelligence. Applied Intuition services the automotive, defense, trucking, construction, mining and agriculture industries and is headquartered in Mountain View, CA, with offices in Washington, D.C., San Diego, CA, Ft. Walton Beach, FL, Ann Arbor, MI, London, Stuttgart, Munich, Stockholm, Seoul and Tokyo. Learn more at appliedintuition.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Korea Herald
4 days ago
- Korea Herald
Polus holds €425 million initial close for third CLO equity fund
One of Europe's largest raises of its kind highlights Polus' leadership in the CLO and leveraged credit markets. LONDON, June 17, 2025 /PRNewswire/ -- Polus Capital Management ("Polus"), an investment management firm specialising in alternative credit strategies, is pleased to announce the initial close of its third CLO equity fund, Polus Loan Investments III ("PLI III"), with €425 million of commitments (approximately $485 million). The close represents one of Europe's largest CLO equity capital raises to date and underscores the firm's continued leadership in the global leveraged credit market. PLI III will invest in the equity tranches of Polus-managed CLOs – actively managed vehicles comprising diversified portfolios of broadly syndicated leveraged loans – as well as other CLO tranches and credit investments. Since launching its CLO management platform in 2006, Polus' Leveraged Credit team has raised approximately $12.7 billion globally including 21 new issues, 5 resets, and 6 refinancings. [1] The firm's CLO Equity Strategy has delivered consistent quarterly distributions for over a decade with an average net distribution yield to investors in the high teens. [2] Building on its success in Europe, Polus recently expanded its CLO management platform into the US, issuing its inaugural US CLO in 2024. The successful transition to a global CLO management platform reflects the firm's strong following and reputation among institutional investors globally. Since 2014, Polus has raised more than $1 billion in committed capital to invest in Polus-managed CLOs and other credit investments across Europe and the US. 1 PLI III marks the firm's largest CLO equity capital raise to date, providing significant runway for future CLO issuance while maintaining a focus on delivering strong risk-adjusted returns for investors. [3] Polus' Leveraged Credit team brings nearly two decades of structuring, investment, and trading experience within CLOs. The team has invested approximately $21 billion across more than 2,100 broadly syndicated leveraged loans since inception and is currently invested in more than 500 issuers across Europe and the US. [4] Nicholas Chalmers, Chief Executive Officer at Polus Capital Management, said: "We are very proud of the performance of our Leveraged Credit team and CLO management platform. The strong initial close for PLI III reflects investors' confidence in our investment process and in the consistency of our track record. As one of Europe's largest CLO equity closes to date, this milestone reinforces our role as a trusted long-term partner to institutional investors seeking high yield and diversification through alternative credit strategies." Notes for Editors About Polus Capital Management Polus Capital Management ("Polus") is an investment management firm specialising in alternative credit strategies. Polus has approximately $13 billion in assets under management 1 and invests across the capital structure and liquidity spectrum, focusing on three complementary investment verticals: Leveraged Credit, Special Situations and Structured Credit. Polus has offices in London and New York. Media Enquiries Greenbrook – Rob White / Ksenia Galouchko polus@ +44 207 952 2000 [1] Assets Under Management and Advice: AUM figures include assets under management and advice of Polus group companies as well as CLO vehicles managed by Cairn Loan Investments LLP ("CLI I") and Cairn Loan Investments II LLP ("CLI II"). CLI I and CLI II are not affiliates of Polus nor of each other, but Polus established them as independent CLO managers and provides them with key support services ("Services"). AUM figures are estimated as at 31 May 2025 and include the initial close commitments to PLI III and other uncalled commitments. AUM figures are subject to rounding and FX fluctuations. Metrics related to the past and present investment activity of the Leveraged Credit team includes leveraged loans and high yield bonds managed by Polus in CLO vehicles, single investor solutions and commingled funds, as well as leveraged loans and high yield bonds managed in CLO vehicles by CLI I and CLI II. [2] Performance Notes: Past performance is not necessarily indicative of future performance and future returns are not guaranteed. Securities and derivatives trading are speculative and involve substantial risk of loss. Performance may increase or decrease as a result of FX fluctuations. "CLO Equity Strategy" refers to the strategy Polus carried out through CLI I and/or CLI II. An investment in CLI I and/or CLI II provides investors with exposure primarily to the equity tranche of Polus-managed CLOs plus a revenue share in the collateral management fees earned by CLI I and CLI II for managing the CLOs. "Polus-managed CLOs" refers to CLOs managed or serviced by Polus' Leveraged Credit team, including CLOs managed by CLI I or CLI II, which share or have shared a common investment team with Polus through the provision of Services. Neither CLI I nor CLI II charged a management fee or incentive fee to investors in CLI I or CLI II. Accordingly, net returns for an investment in CLI I and CLI II assume no management fee or incentive fee but do include expenses related to the operating cost of CLI I and CLI II, respectively. Further details of expenses are available upon request. The return to investors in CLI I and CLI II comprises primarily the return from investments in the equity tranche of Polus-managed CLOs (which is, by definition, net of management fees and, where applicable, incentive fees applied at the level of the CLO), but also includes a revenue share in the management fees earned by CLI I and CLI II for managing the CLOs. Performance figures have been calculated by Polus and have not been independently verified. The composite aggregate net performance statistics for the CLO Equity Strategy (e.g. net distribution yield) are based on actual performance data of CLI I and CLI II as if they had been one continuous vehicle, utilising the weighted average of the two vehicles based on their respective sizes during the period for which the vehicles overlap, over the period from 2014 to present. The actual performance of an investment in CLI I or CLI II will vary from the composite performance and no representation is made that any vehicle or investor will or is likely to achieve the results shown. Performance figures have been calculated by Polus using the official internal records and investor reporting data and have not been independently verified. [3] PLI III: There can be no assurance that PLI III will achieve results comparable to any past results, that the returns generated by PLI III will equal or exceed those of CLI I, CLI II or any other funds or accounts advised, sponsored or managed by Polus or that PLI III will be able to implement its investment strategy or achieve its investment objectives. Prospective investors should review PLI III's offering documents for additional important information regarding risks of investing and potential conflicts of interest associated with PLI III. PLI III will only accept investments from institutional investors (i.e. accredited investors in the US or other 'professional investors'). [4] Team: Certain members of the Leveraged Credit Team may not have performed or provided services to Polus, CLI I or CLI II and may not necessarily have held such positions or been employed by Polus, in each case as applicable, for the entire term of the team's operating history. Similarly, such persons may not necessarily continue to hold such positions with or provide services to Polus, CLI I or CLI II (as applicable) in the future.
Korea Herald
4 days ago
- Korea Herald
Applied Intuition Closes Series F at $15 Billion Valuation, Accelerating Vehicle Intelligence Across All Moving Machines
Closed in just over a year since the Series E announcement, this transaction demonstrates the company's hypergrowth and cements its leadership position in the vehicle intelligence market MOUNTAIN VIEW, Calif., June 17, 2025 /PRNewswire/ -- Applied Intuition, Inc., the leading vehicle intelligence company for automotive, trucking, construction, mining, agriculture and defense, today announced it has closed a $600 million Series F fundraise and tender offer at a $15 billion valuation. This fresh round of funding, co-led by BlackRock-managed funds and accounts and Kleiner Perkins, will propel Applied Intuition into its next phase of vehicle intelligence, deeper product expansion, and global team growth. 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. Existing investors participating in the round include Fidelity Management & Research Company, General Catalyst, Lux, BOND, Elad Gil, Addition, and Tribe Capital. "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." "The last eight years have been about building the infrastructure to enable vehicle intelligence at scale," said Peter Ludwig, co-founder and CTO of Applied Intuition. "The focus of this next phase is to accelerate the rollout of intelligent, software-defined systems across all domains — defense, automotive, trucking, construction, mining, and agriculture. With the continued backing of our investors, we're just getting started." Applied Intuition closed this major up round just over a year after announcing its Series E in March 2024. Since then, the company has maintained strong momentum with AI innovations and product launches, including strategic partnerships with OpenAI, TRATON, Isuzu, Porsche and Audi; the release of its off-road autonomy stack; the acquisition of defense technology company EpiSci and the launch of its newest defense products, Axion and Acuity; and recent global office expansion into the United Kingdom. "At BlackRock, we invest in the long-term megatrends reshaping the global economy, including AI, autonomy, and the broader digital evolution," said BlackRock Managing Director Samir Menon. "Our platform has been actively investing in the autonomous driving sector for years, and Applied Intuition has emerged as a key innovation leader. We are proud to back Applied Intuition as they continue their mission to make all vehicles intelligent." "Since our initial investment six years ago, we've believed deeply in Applied Intuition's vision and team," said Mamoon Hamid, Partner at Kleiner Perkins. "Qasar and Peter had the foresight to start building toward a future shaped by vehicle intelligence and autonomy well before it became widely understood. Now, in 2025, with the world taking notice, we are deepening our commitment to what we believe is a generational company." To learn more about how Applied Intuition is the leader in vehicle intelligence and catapulting the autonomy industry forward, go to About Applied Intuition Applied Intuition is the vehicle intelligence company that accelerates the global adoption of safe, AI-driven machines. Founded in 2017, Applied Intuition delivers the toolchain, Vehicle OS and autonomy stacks to help customers build intelligent vehicles and shorten time to market. Eighteen of the top 20 global automakers and major programs across the Department of Defense trust Applied Intuition's solutions to deliver vehicle intelligence. Applied Intuition services the automotive, defense, trucking, construction, mining and agriculture industries and is headquartered in Mountain View, CA, with offices in Washington, D.C., San Diego, CA, Ft. Walton Beach, FL, Ann Arbor, MI, London, Stuttgart, Munich, Stockholm, Seoul and Tokyo. Learn more at
Korea Herald
05-06-2025
- Korea Herald
bolttech closes Series C fundraise, welcomes strategic investors Sumitomo Corporation and Iberis Capital
With investments totalling US$147 million, bolttech closes Series C with t he addition of new investors SINGAPORE, June 4, 2025 /PRNewswire/ -- bolttech, the fast-growing global insurtech, today announced the addition of Sumitomo Corporation, one of Japan's largest trading houses, and Iberis Capital, a leading private equity and venture capital manager in Portugal, as strategic investors. Their participation marks the successful close of bolttech's Series C funding round, with shares acquired by Series C investors in the amount of US$147 million, reflecting a company valuation of US$2.1 billion. In addition to Sumitomo Corporation becoming a strategic investor, the company has entered a joint venture with bolttech to deliver embedded insurance programmes and complementary end-to-end services for partners in Asia. Sumitomo Corporation and Iberis Capital join Dragon Fund, Baillie Gifford, Generali's Lion River, and other investors in bolttech's Series C funding round closing. This investment will enable the company to enhance its platform's capabilities and accelerate its global growth strategy, to make insurance more personalised, accessible, affordable, and convenient for customers. Shinichi Kato, Group CEO of Media & Digital Group, Sumitomo Corporation, said, "We are thrilled to join forces with bolttech – both as a strategic investor and through our joint venture. We are confident that this partnership will enable us to work closely with the bolttech team to drive growth and innovation across the Asia region." Luís Quaresma, Partner, Iberis Capital, said, "bolttech has emerged as a leading embedded insurtech player spanning a global footprint in a short amount of time. We are impressed by its tech capabilities, strategic vision for the future of insurance and its highly talented management team. We look forward to contributing to its next phase of growth, supporting the continued advancement of its unique solution." Rob Schimek, Group Chief Executive Officer, bolttech, said, "We are delighted to welcome our newest strategic investors Sumitomo Corporation and Iberis Capital as we successfully close our Series C. This investment is a strong endorsement of our unique business proposition, reinforcing our commitment to enabling a better insurance experience for customers worldwide. We are excited to continue our journey to build the future of insurance, working towards our vision of connecting people with more ways to protect the things they value."
