The round was co-led by Elad Gil, Addition, and Coatue Management at a $3.6 billion valuation. Existing investors, including Semil Shah, Andreessen Horowitz, General Catalyst, and Lux Capital, contributed significantly to the round, bringing Applied Intuition's total capital raised to over $350 million. The company also announced an advisory board consisting of former automotive executives Rick Wagoner and Dieter Zetsche.

As the foremost enabler of autonomous vehicle development, Applied Intuition equips engineering and product development teams with software that makes it faster, safer, and easier to bring autonomy to market. Applied's suite of products, focused on simulation, validation, and drive data management, delivers sophisticated infrastructure built for scale. Headquartered in Silicon Valley with offices in Detroit, Los Angeles, Munich, Tokyo, and Seoul, Applied's team consists of autonomy, software, and automotive experts from around the world.