Startup Applied Intuition Closes on $300 Million Secondary Deal
The auto software startup’s employees sold shares to investors including Fidelity, General Catalyst and Mary Meeker’s Bond.
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Investors have put more than $300 million into vehicle software maker Applied Intuition Inc. — part of a secondary deal that allowed shareholders and employees to sell shares in the $6 billion startup, and VCs to take a bigger piece.
Fidelity Management & Research Company joined the financing as a new investor, alongside existing backers including General Catalyst, Lux Capital and Bond, the venture firm started by internet trend watcher Mary Meeker.