Overview

• Applied Intuition's Series E funding round raises $250 million, elevating the company's valuation to $6 billion.
• The funding round was led by Lux Capital, Elad Gil, and Porsche Investments Management, with participation from other notable investors.
• Despite a downturn in autonomous vehicle (AV) sector funding, Applied Intuition's valuation has seen a 67% increase from its previous round.
• The company plans to invest in generative AI and synthetic data to enhance its autonomous vehicle software offerings.
• Applied Intuition collaborates with 18 of the top 20 automotive original equipment manufacturers and has experienced profitable, triple-digit growth year over year.