Applied Intuition Secures $250 Million Series E Funding Round, Valued at $6 Billion

Applied Intuition, a leading autonomous vehicle software developer, has secured a $250 million Series E funding round, leading to a valuation of $6 billion. The funding was led by Lux Capital, Elad Gil, and strategic investor Porsche Investments Management. Despite a decline in venture funding for autonomous vehicle-related startups in recent years, Applied Intuition’s Series E funding marks a significant increase in the company’s value, as the autonomous driving sector saw a decrease in funding. Established in 2017, Applied Intuition has now raised over $600 million.