Applied Intuition Reaches $1.25 Billion Valuation In New Funding For Its Autonomous Vehicle Testing Software
As Tesla, Waymo and others jockey for positioning in the race to make self-driving vehicles maitake-offnstream, a lesser-known Bay Area startup has reached “unicorn” status by offering the industry the software needed to run autonomous tests.Applied Intuition has raised $125 million in a new Series C funding round co-led by previous investors Lux Capital, Andreessen Horowitz and General Catalyst, the company confirmed on Thursday. With the new funding, Applied Intuition’s valuation has reached $1.25 billion, according to two sources with knowledge of the deal.