Applied Intuition raises $600M for autonomous driving tech

Applied Intuition, a company specializing in autonomous vehicle technology, has raised $600 million in a Series F funding round and tender offer, valuing the company at $15 billion. The funding will support the company’s next phase of growth, focusing on advancing vehicle intelligence, expanding its product offerings, and growing its global team. Co-founder and CEO Qasar Younis emphasized the company’s mission to integrate AI into various moving machines, including cars, trucks, drones, and factory equipment. The funding round was co-led by BlackRock-managed funds and Kleiner Perkins, with participation from both new and existing investors such as Franklin Templeton, Qatar Investment Authority, Fidelity, and General Catalyst. Since its Series E round in March 2024, Applied Intuition has made significant progress, including launching new AI-driven products, forming strategic partnerships with companies like OpenAI, TRATON, Isuzu, Porsche, and Audi, releasing an off-road autonomy stack, acquiring defense tech firm EpiSci,