Applied Intuition Hits $15 Billion Valuation for AI Vehicle Tech
Applied Intuition Inc. — a startup developing technology for autonomous vehicles, drones and more — has raised $600 million from investors in a deal that more than doubles its valuation to $15 billion.
The financing, which the company plans to announce Tuesday, was co-led by BlackRock-managed funds and the venture capital firm Kleiner Perkins. Additional investors include Franklin Templeton, the Qatar Investment Authority, Lux Capital, BOND and General Catalyst. The new deal is a significant valuation jump from $6 billion last year.
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