Applied Intuition Revenue, Valuation, Funding & Investors

Applied Intuition is valued at $15B as of June 2025, a 36.1x multiple on its last reported $415M revenue.

Last Applied Intuition valuation

$15B

Series F · Jun 2025

Last Applied Intuition funding round

$600M

Series F · Jun 2025

Applied Intuition revenue

$415M

Series F · Jun 2025

Key investors in Applied Intuition

  • Andreessen Horowitz
  • Lux Capital
  • General Catalyst
  • Kleiner Perkins
  • M12
  • Floodgate

Applied Intuition Overview

About Applied Intuition

Applied Intuition is a Mountain View-headquartered developer of simulation software, Vehicle OS, and self-driving toolchains for AI-driven autonomous vehicles. The company accelerates deployment across automotive, defense, trucking, construction, mining, and agriculture sectors. Major global automakers and Department of Defense programs rely on its platforms to validate sensor suites, perception stacks, and planning algorithms. Founded in 2017, Applied Intuition maintains offices in Washington, D.C., San Diego, Ann Arbor, London, Stuttgart, Munich, Stockholm, Bangalore, Seoul, and Tokyo to support international engineering teams.


Founded

2017

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$415M (Jun 2025)

Valuation

$15B (Jun 2025)

Applied Intuition Valuation

Applied Intuition is currently valued at $15B, based on its Series F in June 2025.

The $600M round was led by BlackRock and Kleiner Perkins.

Applied Intuition's valuation has grown 12x from $1.3B at its Series C in October 2020 to $15B in June 2025, across 4 priced rounds.

Applied Intuition valuation by funding round

Revenue multiple
Applied Intuition valuation by funding round
DateStageValuationRevenue Multiple
Jun 2025Series F$15B36.1x
Mar 2024Series E$6B27.3x
Nov 2021Series D$3.6B-
Oct 2020Series C$1.3B-

Applied Intuition Revenue

Applied Intuition's latest recorded revenue is $415M, as of its Series F in June 2025. At a $15B valuation, that implies a 36.1x revenue multiple.

Revenue grew from $220M in March 2024 to $415M in June 2025, while the revenue multiple moved from 27.3x to 36.1x.

Applied Intuition revenue by funding round

Applied Intuition revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jun 2025$415M$15B36.1xSeries F
Jul 2024$220M--Secondary
Mar 2024$220M$6B27.3xSeries E

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Applied Intuition Funding History

Applied Intuition has raised a total of $1.2B across 6 funding rounds, plus 2 secondary share sales.

Applied Intuition's first fundraising round was a $12M Series A in September 2018. The most recent completed round was a $600M Series F in June 2025.

Applied Intuition funding rounds

Applied Intuition funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2026SecondarySeven Rivers Capital LTD---
Jun 2025Series FBlackRock (lead); Kleiner Perkins (lead)$600M$15BApplied Intuition, a Silicon Valley-based company, develops AI-powered vehicle intelligence software platforms for autonomous vehicles, trucks, drones, and other moving machines across automotive, trucking, defense, construction, mining, agriculture, and off-road sectors. The platform enables automakers, fleets, and defense organizations to deploy safer, smarter, software-defined systems, with recent innovations including an off-road autonomy stack and defense products following the acquisition of EpiSci. Key partnerships include OpenAI, TRATON, Isuzu, Porsche, and Audi. On June 17, 2025, Applied Intuition closed its Series F funding round and tender offer, raising $600 million ($200 million primary capital and $400 million secondary) at a $15 billion post-money valuation, more than doubling its $6 billion Series E valuation from March 2024. The round was co-led by BlackRock-managed funds and accounts (noted as Blackrock Enhanced in query) and Kleiner Perkins, with participation from new investors Franklin Templeton, Qatar Investment Authority, Abu Dhabi Investment Council, Premji Invest, Stripes, Greycroft, BAM Elevate, and 137 Ventures, plus existing investors Fidelity Management & Research, General Catalyst, Lux Capital, BOND, Elad Gil, Addition, and Tribe Capital. The funding accelerates product expansion, global growth including into the UK and Europe, scaling of simulation infrastructure, and investments in defense and automotive autonomy programs. CEO Qasar Younis emphasized the shift to embodied AI for mission-critical vehicles, positioning Applied Intuition as a dual-use leader in commercial and defense mobility. BlackRock highlighted long-term trends in AI and autonomy, while Kleiner Perkins deepened commitment to the company's visionary team. This milestone underscores Applied Intuition's hypergrowth trajectory since its Series A in 2018, cementing its leadership in the vehicle intelligence market amid rising adoption of self-driving technologies like Waymo and Tesla robotaxis.
Jul 2024SecondaryGeneral Catalyst; Fidelity; Lux Capital; Andreessen Horowitz; Bond$300M-Applied Intuition completed a Series E round at $6 billion valuation in March 2024 and a Series F round at $15 billion valuation in June 2025.
Mar 2024Series ELux Capital (lead); Porsche Investments Management (lead); General Catalyst; Nico Rosberg; Mustafa Suleyman; Ray Dalio; Human Capital; Reid Hoffman; Andreessen Horowitz; Henry Kravis; John Quinn; Bond$250M$6BApplied Intuition, Inc. is a Mountain View, California-based vehicle software supplier providing simulation, testing, and validation tools for autonomous driving systems (ADAS/AD) to automotive OEMs, trucking, construction, mining, agriculture, and defense sectors, including 18 of the top 20 automotive OEMs and the U.S. military. The company raised $250 million in a Series E funding round on March 12, 2024, achieving a $6 billion post-money valuation. The round was led by Bilal Zuberi at Lux Capital, Elad Gil, and Porsche Investments Management, with participation from Andreessen Horowitz, General Catalyst, Bond (Mary Meeker), Human Capital, Henry Kravis, John Quinn, Mustafa Suleyman, Nico Rosberg, and others. Porsche's investment marks its first as an OEM strategic investor in Applied Intuition, aimed at enhancing software expertise and customer experience amid trends in generative AI, software-defined vehicles, and autonomous systems. The funding provides over $1 billion in total capital for investments in generative AI capabilities, vehicle software products, and hiring top AI/software engineers. CEO Qasar Younis emphasized infusing AI into their ADAS/AD toolchain to accelerate next-generation vehicle production. Applied Intuition has demonstrated triple-digit year-over-year growth, operating profitably, with global expansion to offices in Ann Arbor, Washington D.C., Munich, Stockholm, Seoul, and Tokyo. Investors like Lux Capital's Bilal Zuberi highlighted the company's scalable business and indispensable role in transforming transportation via AI. Porsche CFO Lutz Meschke noted the investment strengthens software integration for consumers.
Nov 2021Series DAddition (lead); Coatue (lead); Elad Gil (lead); General Catalyst; Lux Capital; Andreessen Horowitz; Semil Shah$175M$3.6BApplied Intuition develops software tools for autonomous vehicle development, including simulation products like Simian, Spectral, and Orbis optimized for testing algorithms, as well as tools for map optimization and sensor data analysis. The company's products serve most of the top 10 global automotive OEMs and extend to logistics, agriculture, construction, trucking, robotics, and defense sectors. Founded in 2017 by Google veterans Qasar Younis and Peter Ludwig, it focuses on accelerating safe AV commercialization through engineering productivity tools. On November 11, 2021, Applied Intuition raised $175 million in a Series D round co-led by Elad Gil, Addition, and Coatue Management, with participation from Andreessen Horowitz, General Catalyst, Lux Capital, and Semil Shah, at a $3.6 billion valuation. This brought total funding to over $350 million. The proceeds aim to expand feature sets, enhance R&D, grow the team, and scale enterprise-grade simulation systems into regulated sectors like defense and commercial trucking. At the time, the company had achieved significant traction, with its tools used by leading OEMs and AV programs hitting milestones like Level 3 autonomy announcements and SPACs. It had previously raised a Series C of $125 million, building on earlier rounds including $40 million Series B and $11.5 million Series A. Post-Series D developments include later rounds such as a $250 million Series E in March 2024 at $6 billion valuation and a $600 million Series F in June 2025 at $15 billion, reflecting sustained growth and expansion into AI integrations and defense partnerships, with total funding reaching $1.5 billion by late 2025.
Oct 2020Series CAndreessen Horowitz (lead); General Catalyst (lead); Lux Capital (lead); M12$125M$1.3BApplied Intuition is a Sunnyvale-based autonomous vehicle software company founded in 2017 by Qasar Younis and Peter Ludwig. The company provides simulation and infrastructure software tools that enable autonomous vehicle developers to validate and verify the safety, comfort, and functionality of self-driving systems. Applied Intuition's platform allows customers to track performance data from simulations and live testing, running thousands of simulated events to assess how autonomous technology would react in various scenarios. The company has expanded its tools beyond automotive to serve freight/trucking, delivery robots, defense, mining, agriculture, construction, autonomous mobile robots (AMR), and aviation verticals. On October 22, 2020, Applied Intuition announced a $125 million Series C financing round co-led by Lux Capital, Andreessen Horowitz, and General Catalyst with equal participation from each fund. The entire round was funded by existing investors, bringing total capital raised to $176.5 million. The company reached a post-money valuation of $1.25 billion, achieving unicorn status. Bilal Zuberi from Lux Capital joined the company's board of directors alongside existing investors Marc Andreessen and Hemant Taneja. Applied Intuition announced concurrent expansion of its global footprint, adding new offices in Los Angeles and Seoul to complement existing locations in Silicon Valley, Detroit, Munich, and Tokyo. The company highlighted that its sales increased during the coronavirus pandemic and that it had grown its internal simulation team to be larger than any in-house simulation teams at major automotive companies. Management stated the company would use Series C proceeds to expand its product portfolio, strengthen its global presence, and support new and existing customers across multiple autonomous systems categories.
Sep 2019Series BGeneral Catalyst (lead); Sozo Ventures; Kleiner Perkins; Bradley Horowitz; Lux Capital; Human Capital; Andreessen Horowitz; La Famiglia; NJF Capital; Floodgate; M12; CCIX Global$40M-Applied Intuition develops software for advanced driver-assistance systems (ADAS) and automated driving across automotive, trucking, construction, mining, agriculture, and defense sectors, simulating real-world scenarios to accelerate vehicle development. Subsequent rounds show rapid growth: Series D $175M at $3.6B valuation in 2023, Series E $250M at $6B in March 2024 led by Lux Capital, Elad Gil, and Porsche Investments with participation from General Catalyst and Andreessen Horowitz, and Series F $600M (or $220.56M reported variably) at $15B in June 2025 led by BlackRock and Kleiner Perkins. The company has raised over $1.2B total across 8 rounds, serving 18 of top 20 automakers like Toyota and Volkswagen, with focus on AI-powered vehicle intelligence and global expansion.
Sep 2018Series AAndreessen Horowitz (lead); Floodgate (lead); SV Angel; Bradley Horowitz; Lux Capital; Neeraj Arora; Naval Ravikant; Haystack; Zeno Partners; Tribe Capital; Semil Shah; Elad Gil$12M--

Who has invested in Applied Intuition?

33 investors have backed Applied Intuition across its funding rounds, including Andreessen Horowitz, Lux Capital, General Catalyst, Kleiner Perkins, M12 and Floodgate.

Lead investors include BlackRock, Kleiner Perkins, Lux Capital, Porsche Investments Management, Addition and 5 other investors.


Applied Intuition Investors

Investors in Applied Intuition by funding rounds participated
InvestorHQRoundsRoleFirst check
Lux CapitalUnited StatesNew York City, NY6LeadSep 2018
Andreessen HorowitzUnited StatesSan Francisco, CA6LeadSep 2018
General CatalystUnited StatesSan Francisco, CA5LeadSep 2019
Kleiner PerkinsUnited StatesSan Francisco, CA2LeadSep 2019
Bradley HorowitzUnited StatesSan Francisco, CA2ParticipantSep 2018
Human CapitalUnited StatesSan Francisco, CA2ParticipantSep 2019
FloodgateUnited StatesSan Francisco, CA2LeadSep 2018
M12United StatesUnited States2ParticipantSep 2019
Semil ShahUnited StatesSan Francisco, CA2ParticipantSep 2018
Elad GilUnited StatesUnited States2LeadSep 2018
BondUnited StatesSan Francisco, CA2ParticipantMar 2024
Sozo VenturesUnited StatesSan Francisco, CA1ParticipantSep 2019
SV AngelUnited StatesSan Francisco, CA1ParticipantSep 2018

This data is available for Pro users. Sign up to see all 33 Applied Intuition investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Applied Intuition

Applied Intuition has acquired 5 companies to date.

Last acquisition by Applied Intuition was on February 6th 2025. Applied Intuition acquired EpiSci for undisclosed valuation.


Latest Acquisitions by Applied Intuition

EpiSci
Ghost Autonomy
Embark Trucks
SceneBox
Description
EpiSci is a Virginia-based provider of tactical AI solutions for unmanned platforms, delivering hardware-agnostic autonomy software for UxVs in defense applications. Its stack includes perception, planning, and decision-making tools deployable on air, ground, and surface vehicles.
Ghost Autonomy is a Silicon Valley company building AI software for highway self-driving in consumer vehicles. Its stack enables safe, scalable autonomy for automakers integrating into production cars. Focused on perception and planning breakthroughs, Ghost partners with Tier 1 suppliers. Established in 2022, the technology undergoes testing on public roads across California and Texas.
Embark Trucks develops autonomous driving technology for freight transport. The San Francisco-based company pioneered cross-country autonomous trucking, operations in adverse weather like rain and fog, and hub-to-hub navigation, drawing talent from Tesla, Google, Audi, and NASA.
SceneBox is a data management platform for machine learning engineers in computer vision. San Francisco-headquartered, it allows teams to identify, curate, diagnose, and remediate datasets efficiently, reducing data issues by up to 70 percent. Adopted by researchers at Stanford and companies like Tesla for perception AI projects, SceneBox processes petabytes of image and video data globally via its cloud service at scenebox.ai.
HQ CountryUnited StatesUnited StatesUnited StatesCanada
HQ City
San Diego, CA
San Francisco, CA
San Francisco, CA
Vancouver
Deal Date6 Feb 202522 Oct 202425 May 202321 Mar 2023
Valuationundisclosedundisclosed$71Mundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Applied Intuition acquisitions and their M&A valuation multiples.

Start Free Trial

Applied Intuition Competitors

Applied Intuition competitors include listed companies like WeRide, Aeva, KPIT Technologies and ThunderSoft, and private ones like Hong Jing Drive and Zongmu.

Public and private companies comparable to Applied Intuition
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Hong Jing DriveChinaHangzhouPrivate--$4.3B-
WeRideChinaChinaPublicly listed$102M($257M)$1.9B8.3x
AevaUnited StatesUnited StatesPublicly listed$18M($139M)$1.1B35.6x
KPIT TechnologiesIndiaIndiaPublicly listed$673M$128M$1.6B2.2x
ThunderSoftChinaChinaPublicly listed$1.2B$151M$3.8B2.6x
ZongmuChinaShanghaiPrivate--$11B-

Applied Intuition Public Comps

Applied Intuition is still privately-owned, but its public comps include IonQ, Aurora Innovation, MiniMax Group, SAIC Motor, XPENG, China Aerospace Times, Mobileye, Mobility Global, Presight AI and Topicus.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
IonQ$130M($531M)109.9x40.3x(26.9x)(39.1x)
Aurora Innovation$3M($786M)3957.3x1040.1x(15.1x)(15.5x)
MiniMax Group$79M($1.9B)131.8x-(5.5x)-
SAIC Motor$98B$7.1B0.1x0.1x1.5x2.3x
XPENG$11B$156M1.1x1.0x80.6x(74.9x)
China Aerospace Times$2.1B$166M3.9x3.5x48.1x-
Mobileye$1.9B$140M2.8x2.7x38.5x12.3x
Mobility Global$1.8B$637M4.7x-12.9x-

This data is available for Pro users. Sign up to see all Applied Intuition competitors and their valuation data.

Start Free Trial

Common questions about Applied Intuition

When was Applied Intuition founded?Applied Intuition was founded in 2017.
Where is Applied Intuition headquartered?Applied Intuition is headquartered in San Francisco, CA, United States.
Is Applied Intuition publicly listed?No, Applied Intuition is a private, VC-backed company.
What is Applied Intuition's valuation?Applied Intuition was last valued at $15B in its Series F in June 2025.
How much funding has Applied Intuition raised?Applied Intuition has raised $1.2B across 6 funding rounds.
What was Applied Intuition's last funding round?Applied Intuition's last funding round was a $600M Series F in June 2025, led by BlackRock and Kleiner Perkins.
Who are Applied Intuition's investors?Applied Intuition's investors include Lux Capital, Andreessen Horowitz, General Catalyst, Kleiner Perkins, Bradley Horowitz, Human Capital, Floodgate, M12, Semil Shah, Elad Gil and 23 others.
What is Applied Intuition's revenue?Applied Intuition's latest recorded revenue is $415M (June 2025).
What is Applied Intuition's revenue multiple?Applied Intuition's latest valuation implies a 36.1x revenue multiple ($15B valuation on $415M of revenue).
Which companies are comparable to Applied Intuition?Companies comparable to Applied Intuition include Hong Jing Drive, WeRide, Aeva, KPIT Technologies, ThunderSoft and Zongmu.
How many companies has Applied Intuition acquired?Applied Intuition has acquired 5 companies, including EpiSci, Ghost Autonomy, Embark Trucks, SceneBox and Mechanical Simulation Corporation.
What was the largest acquisition by Applied Intuition?The $71M acquisition of Embark Trucks in May 2023 is the largest acquisition Applied Intuition has made to date.

See companies similar to Applied Intuition

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial