TechCrunch
Applied Intuition closes $300M secondary four months after raising $250M
Autonomous vehicle software startup Applied Intuition has closed a $300 million secondary sale just four months after raising a $250 million Series E round, yet another sign of how white-hot the investment scene is for artificial intelligence companies. The secondary round adds Fidelity Management & Research Company to an already-stacked lineup of investors in the automotive AI startup, which includes Lux Capital’s Bilal Zuberi, Elad Gil, Andreessen Horowitz, and Mary Meeker’s growth fund Bond. Founded in 2017, Applied Intuition makes software that other companies use to develop and test their own autonomous vehicle solutions for cars, or other vehicles like planes.
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