Applied Intuition Secures $40 Million in Series B Funding Led by General Catalyst
SUNNYVALE, Calif., Sept. 12, 2019 (GLOBE NEWSWIRE) -- Applied Intuition, Inc., provider of the leading simulation platform to power autonomous vehicle development worldwide, today announced it has raised $40 million in Series B financing led by General Catalyst with participation from Kleiner Perkins, M12 (Microsoft), Sozo Ventures (Japan), and La Famiglia (Germany).
Key Points:
- SUNNYVALE, Calif., Sept. 12, 2019 (GLOBE NEWSWIRE) -- Applied Intuition, Inc., provider of the leading simulation platform to power autonomous vehicle development worldwide, today announced it has raised $40 million in Series B financing led by General Catalyst with participation from Kleiner Perkins, M12 (Microsoft), Sozo Ventures (Japan), and La Famiglia (Germany).
- Applied provides a range of software tools for developing complex autonomous systems.
- In September 2018, Applied Intuition announced $11.5 million in Series A funding led by Marc Andreessen from Andreessen Horowitz, bringing its total funding to $51.5 million.
- Industry leading companies of all sizes worldwide use Applied to comprehensively test and rapidly accelerate their autonomous vehicle development.