Applied Intuition raises $600 million as it pushes further into defense
The round was co-led by BlackRock-managed funds and Kleiner Perkins, and included new investments from the Qatar Investment Authority, Abu Dhabi Investment Council, Greycroft, and more. Existing investors General Catalyst, Lux, Elad Gil, and Mary Meeker's growth fund Bond also participated.
Applied Intuition's raise comes just one year after it completed a $250 million Series E, which put the company at a $6 billion valuation. The company makes software that helps companies and government agencies develop autonomous vehicle solutions. That includes simulation software and managing data.
'When they think like, 'I have this software or AI problem,' we generally want them to think about us,' CEO Qasar Younis told TechCrunch last year. 'Like we want to be that first call.'
Applied Intuition works with most of the major automakers, as well as autonomous vehicle companies such as Gatik and Kodiak.
The company has also increasingly pushed into the defense space. In its newsletter announcing the funding round, Applied Intuition shared that it was asked by the U.S. Army to help bring autonomous tech to some of their vehicles. The company was able to take an infantry squad vehicle from 'bare-bones' to autonomous in just 10 days. This included developing a 'pedal-pushing robot to physically turn the wheel and press the throttle and brake pads.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Talen Energy (TLN) Gains Following Strategic Acquisition
The share price of Talen Energy Corporation (NASDAQ:TLN) surged by 16.94% between July 15 and July 22, 2025, putting it among the Energy Stocks that Gained the Most This Week. High-voltage power lines. Electricity distribution station. high voltage electric transmission tower. Distribution electric substation with power lines and transformers. Talen Energy Corporation (NASDAQ:TLN) is a leading independent power producer and energy infrastructure company with 10.7 GW of generation assets, including 2.2 GW of nuclear power. Talen Energy Corporation (NASDAQ:TLN) soared to an all-time high this week after the company announced a $3.8 billion deal to acquire two gas-fired plants from Caithness Energy and BlackRock. Natural gas has emerged as a primary candidate to power the AI boom, so the two plants, with a combined capacity of nearly 3 GW, will help Talen meet the growing power demand from data centers. Talen Energy Corporation (NASDAQ:TLN) also made headlines last month after it was announced that Amazon had signed a deal with the utility to secure 1.92 GW of carbon-free electricity for AWS data centres. Moreover, Talen Energy Corporation (NASDAQ:TLN) received a boost after President Trump recently announced an investment of more than $90 billion from private companies across tech, energy, and finance to turn Pennsylvania into a hub for artificial intelligence. While we acknowledge the potential of TLN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Talen Energy (TLN) Gains Following Strategic Acquisition
The share price of Talen Energy Corporation (NASDAQ:TLN) surged by 16.94% between July 15 and July 22, 2025, putting it among the Energy Stocks that Gained the Most This Week. High-voltage power lines. Electricity distribution station. high voltage electric transmission tower. Distribution electric substation with power lines and transformers. Talen Energy Corporation (NASDAQ:TLN) is a leading independent power producer and energy infrastructure company with 10.7 GW of generation assets, including 2.2 GW of nuclear power. Talen Energy Corporation (NASDAQ:TLN) soared to an all-time high this week after the company announced a $3.8 billion deal to acquire two gas-fired plants from Caithness Energy and BlackRock. Natural gas has emerged as a primary candidate to power the AI boom, so the two plants, with a combined capacity of nearly 3 GW, will help Talen meet the growing power demand from data centers. Talen Energy Corporation (NASDAQ:TLN) also made headlines last month after it was announced that Amazon had signed a deal with the utility to secure 1.92 GW of carbon-free electricity for AWS data centres. Moreover, Talen Energy Corporation (NASDAQ:TLN) received a boost after President Trump recently announced an investment of more than $90 billion from private companies across tech, energy, and finance to turn Pennsylvania into a hub for artificial intelligence. While we acknowledge the potential of TLN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Yahoo
PTC Inc. (PTC) Is Up 3.15% in One Week: What You Should Know
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at PTC Inc. (PTC), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. PTC Inc. currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Set to Beat the Market? In order to see if PTC is a promising momentum pick, let's examine some Momentum Style elements to see if this product development software maker holds up. Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area. For PTC, shares are up 3.15% over the past week while the Zacks Computer - Software industry is up 1.22% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 19.43% compares favorably with the industry's 2.79% performance as well. While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Over the past quarter, shares of PTC Inc. have risen 29.93%, and are up 16.85% in the last year. In comparison, the S&P 500 has only moved 18.84% and 15.9%, respectively. Investors should also take note of PTC's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now PTC is averaging 1,512,517 shares for the last 20 days.. Earnings Outlook The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with PTC. Over the past two months, 1 earnings estimate moved higher compared to 1 lower for the full year. These revisions helped boost PTC's consensus estimate, increasing from $6.02 to $6.09 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been 1 downward revision in the same time period. Bottom Line Taking into account all of these elements, it should come as no surprise that PTC is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep PTC Inc. on your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PTC Inc. (PTC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
