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Applied Intuition lands $6B valuation for AI-powered autonomous vehicle software
A super-powered round led by Lux Capital, Elad Gil, and backed by Andreessen Horowitz, Mary Meeker, and F1 champ Nico Rosberg.
Autonomous vehicle software company Applied Intuition has raised $250 million in a round that values the startup at $6 billion, as it pushes to bring more artificial intelligence to the automotive, defense, construction and agriculture sectors. Applied Intuition appears to have nailed a particular sweet spot for VCs who are on the hunt for startups with AI products that cross into large industries with big budgets — defense being one hot area — with seemingly endless opportunities. The Series E round was led by Lux Capital’s Bilal Zuberi, investor Elad Gil, and Porsche Investments Management, the sports car maker’s independent venture arm.
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