Funding round
Applied Intuition Series D
Applied Intuition, which works in vehicle software platform development in Sunnyvale, raised $175M in a Series D round announced on 11 Nov 2021, led by Addition, Coatue and Elad Gil, at a $3.60B post-money valuation. 7 firms took part. It is Applied Intuition's third venture round on record; the one before was a Series C in Oct 2020.
$175M
Amount raised
$3.60B
Post-money valuation
$3.42B pre-money
7
Investors
3 leads
2.9x
Step-up from the Series C
$1.25B in Oct 2020
4.9%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Applied Intuition at $3.60B after the new money, 2.9 times the $1.25B of its Series C (Oct 2020). The $175M bought investors about 4.9% of the company. It came 13 months after Applied Intuition's Series C. It is 15% of the $1.19B Applied Intuition has raised in the venture rounds on record. Applied Intuition raised again 28 months later: a Series E round of $250M in Mar 2024, at $6.00B 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 22 Oct 2020, led by Lux Capital, Andreessen Horowitz and General Catalyst $125M$1.25B post-money
- Series D this round 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
Addition, Coatue and Elad Gil led the round with 4 other firms.
Lead investors
- Addition new investor
- Coatue backs 229 venture-backed companies new investor
- Elad Gil new investor
Also in the round
- backs 69 venture-backed companies new investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
- General Catalyst backs 574 venture-backed companies new investor
- Lux Capital backs 194 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
233 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 1.8 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 18 Nov 2021 | $1.30B | $8.30B | Sutter Hill Ventures and Altimeter |
| Tech Companies | 22 Nov 2021 | $300M | $9.00B | Coatue |
| Tech Companies | 2 Nov 2021 | $202M | $2.00B | TPG |
| Podium Tech Companies | 15 Nov 2021 | $201M | $3.00B | YC Continuity |
| Tech Companies | 3 Nov 2021 | $150M | not disclosed | SoftBank Vision Fund |
| Tech Companies | 9 Nov 2021 | $120M | not disclosed | Left Lane Capital |
| Tech Companies | 17 Nov 2021 | $75M | not disclosed | Andreessen Horowitz |
| Tech Companies | 18 Nov 2021 | $65M | not disclosed | Tiger Global |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Applied Intuition raise in its Series D round?
Applied Intuition raised $175M in its Series D round, announced in Nov 2021.
Who led Applied Intuition's Series D round?
Addition, Coatue and Elad Gil led it, with Haystack, Andreessen Horowitz, General Catalyst and Lux Capital.
What was Applied Intuition's valuation at the Series D round?
$3.60B post-money ($3.42B pre-money).
How does it compare with other Series D rounds in Tech Companies?
233 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 1.8 times the median.
Did Applied Intuition raise again after this round?
Yes: a Series E round in Mar 2024 of $250M at $6.00B post-money.