Autonomous vehicle software developer Applied Intuition has raised $600 million in a Series F round and tender offer, pushing its valuation to $15 billion.
The raise was co-led by funds managed by BlackRock and Kleiner Perkins, with participation from the Qatar Investment Authority, Abu Dhabi Investment Council, Greycroft, General Catalyst, Lux Capital, Elad Gil, and Bond (Mary Meeker’s fund).
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From civilian AV to military-grade autonomy
While Applied Intuition is known for its simulation and data management tools in the autonomous driving sector — working with OEMs and companies like Gatik and Kodiak — the company has increasingly shifted focus toward the defense space. In one notable project, it collaborated with the U.S. Army to autonomize an infantry squad vehicle in just 10 days, developing a robot that physically operated the vehicle’s pedals and steering.
Doubling valuation in one year
The $600M Series F comes just a year after a $250 million Series E that valued the company at $6 billion. Applied Intuition is positioning itself as a key player in both commercial and military-grade autonomy, aiming to be the go-to software provider for any AI or automation challenge in mobility.
