Applied Intuition is on a mission to make it faster and easier to bring autonomy to sectors across Global Resilience.
Nearly every sector of the economy, from healthcare to industrials, is undergoing a massive transformation driven by AI innovation. The role of software within vehicles has increased and will continue to grow dramatically over the next decade. Deloitte estimates that software-defined vehicle (SDV) market penetration will reach 90% by 2029. In 2019, we had conviction that a Tier-1 software supplier will emerge to support this shift. That’s why we led Applied Intuition’s Series B to meet this need, not only for automotive—but for all vehicles.
Today, we’re thrilled to further our partnership with Qasar Younis, Peter Ludwig, and the Applied Intuition team by investing in its $250M Series E round.
We are in the midst of a fascinating era where tech is building modern versions of iconic companies from the past century. As investors, we have been fortunate enough not only to see this unfold first hand but also to support many of the companies leading the charge. Since partnering with Anduril in 2017, we’ve seen the team take a novel approach to solving critical national defense and security problems. Samsara continues to advance fleet management and industrial IoT capabilities to deliver safety, efficiency, and sustainability. Applied Intuition is solving the challenges associated with bringing autonomy to the market by making it possible to test the safety, comfort, and performance of autonomous systems comprehensively and inexpensively.
A Next-Generation Technology Platform
Applied Intuition is providing simulation and infrastructure tools to make autonomous vehicles safe for the world, embodying a mission that is critical to Global Resilience. Its Applied Development Platform enables customers to build production level autonomous systems safely and quickly. Its suite of products addresses various aspects of autonomous vehicle development, including planning, controls, prediction, sensor simulations, continuous integration, and data management. These products combined create an end-to-end integrated development environment (IDE).
Applied Intuition has created a category as the dedicated software supplier for advanced driver-assistance systems (ADAS) and automated driving (AD) systems across the automotive, trucking, construction, mining, agriculture, and other industries. Its software not only analyzes data and algorithms for autonomous vehicles, but it can also run millions of tests quickly and overnight. By replicating real-world scenarios in a simulated environment, automakers can dramatically reduce the cost of development and time to market.
A Global Team Driving the Automotive Future Forward
Qasar and Peter have assembled a spectacular team driven by product excellence. The team’s depth of experience combines the best of Silicon Valley and Detroit to deliver a captivating software solution for the automotive industry and beyond. Bridging the gap between the automotive industry and software engineering talent enables Applied Intuition to provide a truly compelling product solution to auto OEMs’ most significant pain points.
Now operating globally across seven markets and trusted by 18 of the top 20 automakers (including Daimler Torc, Nissan, Toyota, and Volkswagen Group), the team remains laser-focused on building the tools for delivering autonomous vehicles that have set the bar for the industry. With incredibly high-caliber software engineers, Applied Intuition will no doubt continue to provide its customers with a feature-rich platform and a competitive edge.
We feel privileged to continue this category-defining journey with Qasar, Peter, and the entire team at Applied Intuition.