Applied Intuition Hits $15 Billion Valuation with Series F Funding, Boosting Vehicle Intelligence Across Industries
Applied Intuition, Inc., a frontrunner in the vehicle intelligence sector, announced the successful completion of its Series F funding round, securing $600 million at a remarkable valuation of $15 billion. This latest investment round, largely supported by BlackRock-managed funds and a collaborative effort with Kleiner Perkins, marks a pivotal growth phase for the company. The funds raised will facilitate a significant expansion in product offerings and the global workforce, intensifying the development of advanced vehicle intelligence solutions designed for sectors including automotive, trucking, construction, mining, agriculture, and defense.
Co-founder and CEO Qasar Younis expressed enthusiasm about the company's future trajectory, emphasizing their commitment to incorporating artificial intelligence into every moving machine. The goal is to power various domains ranging from cars and trucks to drones and industrial machinery with cutting-edge AI technologies. Younis stated, "We're scaling up our investments in bringing intelligence into every moving machine. Our mission is to connect AI with the physical world it will transform."
The company’s CTO, Peter Ludwig, highlighted that the past eight years have primarily focused on building the fundamental infrastructure necessary for scaling vehicle intelligence. Moving forward, the emphasis will shift towards accelerating the rollout of intelligent, software-defined systems across all their operational areas. With the backing of their investors, Applied Intuition is poised for significant advancements in the near future.
This funding milestone comes just over a year after the announcement of their Series E round, underlining the exceptional momentum of Applied Intuition in the rapidly evolving AI landscape. In this period, the company has successfully launched several innovative products and established strategic partnerships with key players such as OpenAI, TRATON, Isuzu, Porsche, and Audi. Moreover, they have expanded their global footprint into markets such as the United Kingdom, showcasing their commitment to international growth.
The investments also reflect the increasing interest in the autonomous vehicle market, with firms like BlackRock recognizing the transformative potential of AI and autonomy in reshaping the global economy. BlackRock Managing Director Samir Menon remarked on the company's role as an innovation leader within the autonomous driving sector, emphasizing their long-term investment strategy in these emerging technologies.
Kleiner Perkins, an existing investor, reiterated their support, noting their strong belief in Applied Intuition's pioneering vision since their initial investment six years ago. Mamoon Hamid, a partner at Kleiner Perkins, stated, "Qasar and Peter had the foresight to begin building toward a future defined by vehicle intelligence and autonomy well before it gained widespread recognition."
As Applied Intuition continues on its growth journey, it remains steadfast in its mission to enhance the adoption of safe, AI-driven machinery across various industries. Their flagship products—including the Vehicle OS and autonomy stacks—have become trusted solutions for major global players in the automotive and defense sectors. The company's evolution since its founding in 2017 has positioned it as a critical entity in the development of vehicle intelligence, with top automakers relying on their systems to shorten development times and increase safety in autonomous technology.
In conclusion, with a robust investment backing and a clear vision for the next steps, Applied Intuition is set to play a vital role in the future of vehicle intelligence and AI integration across all moving machines. The company is headquartered in Mountain View, CA, and also maintains offices in various strategic locations, including Washington, D.C., San Diego, London, Stuttgart, and Tokyo, solidifying its presence in the global market. To learn more, visit their website at appliedintuition.com.
Co-founder and CEO Qasar Younis expressed enthusiasm about the company's future trajectory, emphasizing their commitment to incorporating artificial intelligence into every moving machine. The goal is to power various domains ranging from cars and trucks to drones and industrial machinery with cutting-edge AI technologies. Younis stated, "We're scaling up our investments in bringing intelligence into every moving machine. Our mission is to connect AI with the physical world it will transform."
The company’s CTO, Peter Ludwig, highlighted that the past eight years have primarily focused on building the fundamental infrastructure necessary for scaling vehicle intelligence. Moving forward, the emphasis will shift towards accelerating the rollout of intelligent, software-defined systems across all their operational areas. With the backing of their investors, Applied Intuition is poised for significant advancements in the near future.
This funding milestone comes just over a year after the announcement of their Series E round, underlining the exceptional momentum of Applied Intuition in the rapidly evolving AI landscape. In this period, the company has successfully launched several innovative products and established strategic partnerships with key players such as OpenAI, TRATON, Isuzu, Porsche, and Audi. Moreover, they have expanded their global footprint into markets such as the United Kingdom, showcasing their commitment to international growth.
The investments also reflect the increasing interest in the autonomous vehicle market, with firms like BlackRock recognizing the transformative potential of AI and autonomy in reshaping the global economy. BlackRock Managing Director Samir Menon remarked on the company's role as an innovation leader within the autonomous driving sector, emphasizing their long-term investment strategy in these emerging technologies.
Kleiner Perkins, an existing investor, reiterated their support, noting their strong belief in Applied Intuition's pioneering vision since their initial investment six years ago. Mamoon Hamid, a partner at Kleiner Perkins, stated, "Qasar and Peter had the foresight to begin building toward a future defined by vehicle intelligence and autonomy well before it gained widespread recognition."
As Applied Intuition continues on its growth journey, it remains steadfast in its mission to enhance the adoption of safe, AI-driven machinery across various industries. Their flagship products—including the Vehicle OS and autonomy stacks—have become trusted solutions for major global players in the automotive and defense sectors. The company's evolution since its founding in 2017 has positioned it as a critical entity in the development of vehicle intelligence, with top automakers relying on their systems to shorten development times and increase safety in autonomous technology.
In conclusion, with a robust investment backing and a clear vision for the next steps, Applied Intuition is set to play a vital role in the future of vehicle intelligence and AI integration across all moving machines. The company is headquartered in Mountain View, CA, and also maintains offices in various strategic locations, including Washington, D.C., San Diego, London, Stuttgart, and Tokyo, solidifying its presence in the global market. To learn more, visit their website at appliedintuition.com.
Topics Business Technology）
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