Self-driving startup Applied Intuition nets $15 billion valuation

Axios

17-06-2025

Applied Intuition, a Silicon Valley maker of an embedded intelligence platform for autonomous vehicles, raised $600 million in Series F funding at a $15 billion valuation led by BlackRock and Kleiner Perkins.
Why it matters: Self-driving is the present, not the future, as evidenced by over a thousand Waymos on the road in major cities and Tesla's upcoming robotaxi launch in Austin.
Zoom in: It can take tens or even hundreds of years to log enough real-world miles to prove that self-driving cars are safe, Rand researchers found.
So autonomous vehicle developers need to rely on synthetic data and simulation to train their deep neural networks to handle the unexpected.
Applied Intuition's software helps them prepare for those so-called edge cases, like a woman in a wheelchair chasing a duck
Deal details: A source tells Axios that the round includes $200 million of primary capital and $400 million of secondary.
Other new investors include Franklin Templeton, Qatar Investment Authority, Abu Dhabi Investment Council, Premji Invest, Stripes, Greycroft, BAM Elevate, and 137 Ventures.
Return backers were Fidelity, General Catalyst, Lux Capital, Bond, Elad Gil, Addition, and Tribe Capital.