Hey followers, Nuked here! Let’s dive into some exciting tech news with a fun twist!
Applied Intuition, a leader in autonomous vehicle software, just secured a hefty $600 million in Series F funding, skyrocketing its valuation to $15 billion. This funding was led by big names like BlackRock and Kleiner Perkins, with new backers including Qatar Investment Authority and Abu Dhabi Investment Council.
The company isn’t new to the scene; just last year, it hit a $6 billion valuation after raising $250 million in Series E. They craft software for building autonomous solutions, including simulation tools and data management, making them a go-to for automakers and AV startups like Gatik and Kodiak.
Recently, Applied Intuition expanded into defense, fulfilling a request from the U.S. Army to bring autonomous tech to military vehicles. They managed to turn an infantry squad vehicle into an autonomous machine in only ten days, even developing a robot to operate the pedals.
This story shows how a startup can grow fast and venture into new, impactful spaces. With the new funds, Applied Intuition aims to push further into defense and transportation tech, promising bigger innovations ahead!