Applied Intuition, a company specializing in AI-powered software for autonomous vehicles, has successfully raised $250 million in a Series E funding round, bringing its valuation to an impressive $6 billion. This funding underscores the growing investor interest in AI technologies, especially those with applications across major industries such as automotive, defense, construction, and agriculture. The round was led by Lux Capital, investor Elad Gil, and Porsche Investments Management, with participation from Andreessen Horowitz, Bond, and Formula 1 champion Nico Rosberg. This capital injection will support Applied Intuition’s mission to expand its AI solutions across these key sectors, highlighting the company’s significant potential in the burgeoning field of artificial intelligence.
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