Applied Intuition, a Silicon Valley-based company founded by Qasar Younis and Peter Ludwig, recently secured a $250 million Series E financing round, valuing the company at $6 billion. Led by Lux Capital, with participation from strategic investor Porsche Investments Management and a host of notable investors, the funding will fuel Applied Intuition’s pursuit of leveraging generative AI to innovate vehicle software development. The company aims to bolster its suite of products, enabling clients, including top automotive OEMs like Porsche, to design, test, and validate autonomous systems in a virtual environment, thereby accelerating the advancement of driver-assistance systems (ADAS) and automated driving (AD) …
Read more…….
