Latest news with #QasarYounis
Time of India
18-06-2025
- Automotive
- Time of India
Applied Intuition raises $600 million in Series F funding round
Applied Intuition , a vehicle intelligence firm, has announced the closing of its Series F funding round of $600 million, valuing the company at $15 billion. The fresh round of funding was co-led by BlackRock-managed funds and accounts and Kleiner Perkins. Other new investors in the round include Franklin Templeton, Qatar Investment Authority, Abu Dhabi Investment Council, Premji Invest, Stripes, Greycroft, BAM Elevate, and 137 Ventures. Fidelity Management & Research Company, General Catalyst, Lux, BOND, Elad Gil , Addition, and Tribe Capital were amongst the existing investors who took part in the latest funding round. 'Applied Intuition is entering its next era,' said Qasar Younis, co-founder and CEO of Applied Intuition. 'We're scaling up our investments in bringing intelligence into every moving machine. Everything from cars and trucks to drones and factories will be powered by AI, and our mission is to connect AI with the physical world it will transform," he added. Applied Intuition closed this major up round just over a year after announcing its Series E in March 2024. The company has maintained strong momentum with AI innovations and product launches, including strategic partnerships with OpenAI, TRATON, Isuzu, Porsche and Audi, among others. Applied Intuition, a vehicle intelligence firm, has announced the closing of its Series F funding round of $600 million, valuing the company at $15 billion. The fresh round of funding was co-led by BlackRock-managed funds and accounts and Kleiner Perkins. Other new investors in the round include Franklin Templeton, Qatar Investment Authority, Abu Dhabi Investment Council, Premji Invest, Stripes, Greycroft, BAM Elevate, and 137 Ventures. Fidelity Management & Research Company, General Catalyst, Lux, BOND, Elad Gil, Addition, and Tribe Capital were amongst the existing investors who took part in the latest funding round. 'Applied Intuition is entering its next era,' said Qasar Younis, co-founder and CEO of Applied Intuition. 'We're scaling up our investments in bringing intelligence into every moving machine. Everything from cars and trucks to drones and factories will be powered by AI, and our mission is to connect AI with the physical world it will transform," he added. Applied Intuition closed this major up round just over a year after announcing its Series E in March 2024. The company has maintained strong momentum with AI innovations and product launches, including strategic partnerships with OpenAI, TRATON, Isuzu, Porsche and Audi, among others.
Bloomberg
17-06-2025
- Automotive
- Bloomberg
Applied Intuition's $15B Valuation for AI Vehicle Tech
Applied Intuition CEO Qasar Younis discusses how the company is developing models to make all moving machines self-driving. Younis speaks with Caroline Hyde and Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Yahoo
17-06-2025
- Automotive
- Yahoo
Applied Intuition raises $600 million as it pushes further into defense
Buzzy autonomous vehicle software company Applied Intuition has closed a $600 million Series F funding round, pushing its valuation up to $15 billion. 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.' 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
TechCrunch
17-06-2025
- Automotive
- TechCrunch
Applied Intuition raises $600 million as it pushes further into defense
Buzzy autonomous vehicle software company Applied Intuition has closed a $600 million Series F funding round, pushing its valuation up to $15 billion. 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.'
Yahoo
17-06-2025
- Automotive
- Yahoo
The $15 Billion AI Rocket You've Never Heard Of--And It's Eyeing an IPO Soon
Applied Intuition just pulled off a $600 million raise that sends its valuation soaring to $15 billionmore than double last year's figure. The round was led by BlackRock-managed funds and Kleiner Perkins, with heavyweight backing from Franklin Templeton, Qatar's sovereign wealth fund, Lux Capital, BOND, and General Catalyst. It's a big leapand possibly a final one before the company steps into public markets. CEO Qasar Younis hinted that this could be the last round we'll raise before we go public, suggesting an IPO may be closer than many expected. Founded in 2017, Applied Intuition has been building behind the scenes for years, supplying simulation and software tools to 18 of the world's largest automakersincluding Volkswagen and Toyota. The startup is pushing deeper into defense and industrial applications, too. It recently acquired EpiSys Science and has secured millions in U.S. Department of Defense contracts to support autonomous systems, from drones to battlefield coordination. The company's partnership with OpenAI only reinforces its ambition to become a foundational layer for AI-powered machines across land, air, and possibly even the factory floor. Kleiner Perkins partner Mamoon Hamid believes Applied's dominance won't be easy to replicate. With hundreds of millions in revenue and a growing presence in mission-critical systems, the company may be one of the few AI-native startups with the scale and safety credibility to go public successfully. And if market sentiment aligns, Applied could soon join the ranks of enterprise-grade AI firms seeking investor capitalright alongside mobility-driven giants like Tesla (NASDAQ:TSLA), where the future of transportation and autonomy is already in motion. This article first appeared on GuruFocus. 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
