Funding round
Applied Intuition Series E
Applied Intuition, which works in vehicle software platform development in Sunnyvale, raised $250M in a Series E round announced on 12 Mar 2024, led by Lux Capital and Porsche Ventures, at a $6.00B post-money valuation. 6 firms took part, 3 of them already investors. It is Applied Intuition's fourth venture round on record; the one before was a Series D in Nov 2021.
$250M
Amount raised
$6.00B
Post-money valuation
6
Investors
2 leads
1.7x
Step-up from the Series D
$3.60B in Nov 2021
4.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Applied Intuition at $6.00B after the new money, 1.7 times the $3.60B of its Series D (Nov 2021). The $250M bought investors about 4.2% of the company. It came 28 months after Applied Intuition's Series D. It is 21% of the $1.19B Applied Intuition has raised in the venture rounds on record. Applied Intuition raised again 15 months later: a Series F round of $600M in Jun 2025, at $15.00B 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 11 Nov 2021, led by Addition, Coatue and Elad Gil $175M$3.60B post-money
- Series E this round 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 and Porsche Ventures led the round with 4 other firms. Andreessen Horowitz, General Catalyst and BOND had backed Applied Intuition before.
Lead investors
- Lux Capital backs 194 venture-backed companies new investor
- backs 30 venture-backed companies new investor
Also in the round
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- General Catalyst backs 574 venture-backed companies existing investor
- BOND backs 91 venture-backed companies existing investor
- backs 55 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
32 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $140M, and this round was 1.8 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 5 Mar 2024 | $200M | $2.60B | Accel and Lightspeed Venture Partners |
| Tech Companies | 13 Mar 2024 | $100M | not disclosed | not named |
| Tech Companies | 5 Mar 2024 | $50M | $435M | CapitalG |
| Tech Companies | 30 Apr 2024 | $150M | $900M | Accel |
| Tech Companies | 10 Apr 2024 | $100M | $1.60B | ICONIQ Growth |
| Tech Companies | 15 May 2024 | $140M | $1.60B | Valor |
| Tech Companies | 3 Jan 2024 | $60M | $1.00B | Evolution Equity Partners |
| BlueVoyant Tech Companies | 29 Nov 2023 | $140M | not disclosed | Liberty Strategic Capital and ISTARI |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Applied Intuition raise in its Series E round?
Applied Intuition raised $250M in its Series E round, announced in Mar 2024.
Who led Applied Intuition's Series E round?
Lux Capital and Porsche Ventures led it, with Andreessen Horowitz, General Catalyst, BOND and Human Capital.
What was Applied Intuition's valuation at the Series E round?
$6.00B post-money.
How does it compare with other Series E rounds in Tech Companies?
32 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $140M, and this round was 1.8 times the median.
Did Applied Intuition raise again after this round?
Yes: a Series F round in Jun 2025 of $600M at $15.00B post-money.