Applied Intuition secures $600M investment to expand defense technology

Buzzy autonomous vehicle software company Applied Intuition has closed a $600 million Series F and tender offer, pushing its valuation up to $15 billion.

## Co-led by BlackRock and Kleiner Perkins

The round was co-led by BlackRock-managed funds and Kleiner Perkins, with new investments from the Qatar Investment Authority, Abu Dhabi Investment Council, Greycroft, and more. Existing investors General Catalyst, Lux, Elad Gil, and Mary Meeker’s growth fund Bond also participated.

## Advancing autonomous vehicle solutions

Applied Intuition’s raise follows a $250 million Series E in the previous year, increasing the company’s valuation from $6 billion to $15 billion. The company specializes in software for developing autonomous vehicle solutions, including simulation software and data management.

CEO Qasar Younis emphasized the company’s position as a go-to solution for software and AI challenges faced by companies and government agencies. Applied Intuition collaborates with major automakers and autonomous vehicle companies like Kodiak.

## Expansion into defense technology

In addition to its work in the automotive sector, Applied Intuition has made strides in the defense industry. The company was approached by the U.S. Army to integrate autonomous technology into its vehicles. In just 10 days, Applied Intuition transformed an infantry squad vehicle into an autonomous vehicle, complete with a specialized robot for steering and control.

As Applied Intuition continues to innovate in the autonomous technology space, its recent funding round will enable further advancements in both commercial and defense applications.