Funding round
Applied Intuition Series B
Applied Intuition, which works in vehicle software platform development in Sunnyvale, raised $40M in a Series B round announced on 12 Sep 2019, led by General Catalyst. 8 firms took part. It is Applied Intuition's first venture round on record.
$40M
Amount raised
Not disclosed
Post-money valuation
8
Investors
1 lead
Valuation
What this round says about the price
Applied Intuition did not disclose a valuation in this round. It is Applied Intuition's first venture round on record, 2 years after it was founded in 2017. It is 3.4% of the $1.19B Applied Intuition has raised in the venture rounds on record. Applied Intuition raised again 13 months later: a Series C round of $125M in Oct 2020, at $1.25B post-money.
Applied Intuition's funding rounds
Applied Intuition has 5 venture rounds on record. This one is highlighted.
- Series B this round 12 Sep 2019, led by General Catalyst $40M
- Series C 22 Oct 2020, led by Lux Capital, Andreessen Horowitz and General Catalyst $125M$1.25B post-money
- Series D 11 Nov 2021, led by Addition, Coatue and Elad Gil $175M$3.60B post-money
- Series E 12 Mar 2024, led by Lux Capital and Porsche Ventures $250M$6.00B post-money
- Series F 17 Jun 2025, led by BlackRock, Kleiner Perkins and BlackRock-managed funds and accounts $600M$15.00B post-money
Investors
Who put money in
General Catalyst led the round with 7 other firms.
Lead investor
- General Catalyst backs 574 venture-backed companies new investor
Also in the round
- Kleiner Perkins backs 285 venture-backed companies new investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
- Lux Capital backs 194 venture-backed companies new investor
- Floodgate new investor
- M12 backs 141 venture-backed companies new investor
- backs 39 venture-backed companies new investor
- backs 41 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
524 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $22M, and this round was 1.8 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 19 Sep 2019 | $60M | not disclosed | not named |
| Tech Companies | 16 Sep 2019 | $45M | not disclosed | Thayer Ventures and Swisscanto Invest by Zürcher Kantonalbank |
| Fivetran Tech Companies | 24 Sep 2019 | $44M | not disclosed | Andreessen Horowitz |
| Tech Companies | 23 Sep 2019 | $32M | not disclosed | not named |
| Tech Companies | 25 Sep 2019 | $32M | not disclosed | SIG |
| Tech Companies | 26 Sep 2019 | $29M | not disclosed | Piton Capital and Enern |
| Tech Companies | 4 Sep 2019 | $24M | not disclosed | Oxygen House Group |
| Tech Companies | 9 Sep 2019 | $24M | not disclosed | Optum Ventures and Premera Blue Cross |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Applied Intuition raise in its Series B round?
Applied Intuition raised $40M in its Series B round, announced in Sep 2019.
Who led Applied Intuition's Series B round?
General Catalyst led it, with Kleiner Perkins, Andreessen Horowitz, Lux Capital, Floodgate and M12 and 2 more.
What was Applied Intuition's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
524 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $22M, and this round was 1.8 times the median.
Did Applied Intuition raise again after this round?
Yes: a Series C round in Oct 2020 of $125M at $1.25B post-money.