Overview
- Applied Intuition completed a $600 million Series F fundraise and tender offer, boosting its valuation to $15 billion in just over a year.
- Investors joining the Series F include Franklin Templeton, Qatar Investment Authority, Abu Dhabi Investment Council, Premji Invest, Stripes, Greycroft, BAM Elevate and 137 Ventures.
- Early backers such as Fidelity Management & Research Company, General Catalyst, Lux, BOND, Elad Gil, Addition and Tribe Capital also participated in the fundraising.
- Since its March 2024 Series E, the company has formed strategic partnerships with OpenAI, TRATON, Isuzu, Porsche and Audi while launching an off-road autonomy stack and the Axion and Acuity defense systems.
- Eighteen of the top 20 global automakers and major Department of Defense programs now use Applied Intuition’s platforms to develop safe, AI-driven machines.