The Technology team advised Applied Intuition on the closing of its $250 million Series E financing round at a $6 billion valuation. The round was led by Bilal Zuberi at Lux Capital (Series C lead investor), Elad Gil (Series D lead investor), and strategic investor Porsche Investments Management S.A. Applied Intuition also announced the following new and existing investors: Andreessen Horowitz (Series A lead investor), General Catalyst (Series B lead investor), Mary Meeker at BOND, Human Capital, Henry Kravis, Mustafa Suleyman, Ray Dalio, John Quinn, and Nico Rosberg.
The company will use the financing to make significant investments in generative AI to unlock substantial value for customers and partners.
Applied Intuition is a Tier 1 vehicle software supplier that accelerates the adoption of safe and intelligent machines worldwide. Founded in 2017, Applied Intuition provides the definitive ADAS and AD toolchain to deliver high-quality systems and shorten time to market. 18 of the top 20 global automakers trust Applied Intuition’s end-to-end solutions to drive the production of modern vehicles.
The Goodwin team was led by Caine Moss, Emma Mann-Meginniss, David Brekke, Jason Wilcox, Simone Waterbury, Diana Cao and Tuyet Pham.
For additional details on the financing round, please read Applied Intuition’s blog post.