Funding round
Applied Intuition Series C
Applied Intuition, which works in vehicle software platform development in Sunnyvale, raised $125M in a Series C round announced on 22 Oct 2020, led by Lux Capital, Andreessen Horowitz and General Catalyst, at a $1.25B post-money valuation. 3 firms took part, 3 of them already investors. It is Applied Intuition's second venture round on record; the one before was a Series B in Sep 2019.
$125M
Amount raised
$1.25B
Post-money valuation
3
Investors
3 leads
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Applied Intuition at $1.25B after the new money. The $125M bought investors about 10% of the company. It came 13 months after Applied Intuition's Series B. It is 11% of the $1.19B Applied Intuition has raised in the venture rounds on record. Applied Intuition raised again 13 months later: a Series D round of $175M in Nov 2021, at $3.60B post-money.
Applied Intuition's funding rounds
Applied Intuition has 5 venture rounds on record. This one is highlighted.
- Series B 12 Sep 2019, led by General Catalyst $40M
- Series C this round 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
Lux Capital, Andreessen Horowitz and General Catalyst led the round. Lux Capital, Andreessen Horowitz and General Catalyst had backed Applied Intuition before.
Lead investors
- Lux Capital backs 194 venture-backed companies existing investor
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- General Catalyst backs 574 venture-backed companies existing investor
Joined the board: Bilal Zuberi (Lux Capital).
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
406 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 2.5 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 6 Oct 2020 | $207M | $2.00B | BlackRock |
| Bird Tech Companies | 8 Oct 2020 | $200M | $3.00B | Spark Capital |
| Tekion Tech Companies | 21 Oct 2020 | $150M | $1.00B | Advent International |
| Tech Companies | 27 Oct 2020 | $120M | not disclosed | SoftBank Vision Fund |
| Tech Companies | 12 Oct 2020 | $60M | not disclosed | Y Combinator |
| Tech Companies | 26 Oct 2020 | $30M | not disclosed | OurCrowd and Salesforce Ventures |
| Tiendanube Tech Companies | 13 Oct 2020 | $30M | not disclosed | Kaszek and Qualcomm Ventures |
| Tech Companies | 21 Oct 2020 | $15M | not disclosed | Tencent |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Applied Intuition raise in its Series C round?
Applied Intuition raised $125M in its Series C round, announced in Oct 2020.
Who led Applied Intuition's Series C round?
Lux Capital, Andreessen Horowitz and General Catalyst led it.
What was Applied Intuition's valuation at the Series C round?
$1.25B post-money.
How does it compare with other Series C rounds in Tech Companies?
406 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 2.5 times the median.
Did Applied Intuition raise again after this round?
Yes: a Series D round in Nov 2021 of $175M at $3.60B post-money.