applied

Autonomous vehicle software company Applied Intuition has raised $250 million in a round that values the startup at $6 billion, as it pushes to bring more artificial intelligence to the automotive, defense, construction and agriculture sectors. The eye-popping funding round is the latest example of investor fervor for AI. Lux Capital, Elad Gil, and Andreessen Horowitz all previously led funding rounds for Applied Intuition. Founded in 2017, Applied Intuition creates software that automakers and others use to develop autonomous vehicle solutions. “When they think like, ‘I have this software or AI problem,’ we generally want them to think about us,” Younis says.