Applied Intuition round values the autonomous vehicle firm at $15bn
Applied Intuition, an American autonomous vehicle business, raised $600 million with a Series F funding round, valuing the business at $15 billion.
The new round more than doubled Applied Intuition's valuation in just over a year.
BlackRock and Kleiner Perkins led the financing, which was also backed by Fidelity and Lux Capital.
Applied Intuition, which has both commercial and defense applications, pitches its approach as combining the speed of commercial development to defense and the rigour of defense work back to commercial clients.
The new funding round comes a week after Applied Intuition teamed up with OpenAI, with a collaboration aiming to integrate large language model (LLM) AI into vehicle-hosted assistants and other AI experiences embedded into vehicle dashboards.
“This Series F funding is a real milestone, not just for Applied Intuition, but for the future of mobility and American innovation,” said co-founder and CEO Qasar Younis.
"Vehicle intelligence isn’t just about adding another feature; it’s a fundamental shift. It’s about making vehicles safer, smarter, and more adaptable, and doing it at scale.”
The company has announced a strategic partnership with OpenAI.
This collaboration will integrate advanced language models into its vehicle intelligence platform.
Proceeds will support investment in AI, expansion of its Vehicle OS and autonomy stacks, and growth into new markets such as the UK.
Applied Intuition described the new funding round as an "accelerant" in the company's effort to 'lead the shift to vehicle intelligence.
It foresees future applications in which vehicles can learn user behaviour, understand context, connect with other systems, and anticipate and automate everyday tasks.
"We are enabling vehicles to understand, anticipate, and proactively serve people and businesses everywhere," the company added.
Eleven months ago, the company raised $300 million in its Series E round, and, before that, in March 2024, it banked $250 million, with both 2024 rounds setting a $6 billion valuation.
