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Applied Intuition Raises $175 Million for Automotive Software Tools

  • Applied Intuition valued at $3.6 billion in financing round
  • Startup counts GM, Daimler, Toyota and VW as customers
Applied Intuition, founded in 2017, started out selling software that let autonomous vehicle startups simulate driving on virtual streets to identify flaws in their code.
Applied Intuition, founded in 2017, started out selling software that let autonomous vehicle startups simulate driving on virtual streets to identify flaws in their code.

Source: Applied Intuition

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Applied Intuition Inc., which makes software development tools for automotive engineers, has raised $175 million as automakers pile more software into cars.

Addition Capital, Coatue Management and serial entrepreneur Elad Gil led the funding round in the Mountain View, California-based company, now worth $3.6 billion -- nearly triple the valuation from another round last year.